| The Company had the following outstanding debt at July 4, 2026 and December 31, 2025 (in millions):
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| Senior unsecured notes - Series K - 3.44%, due May 2026 |
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$ |
— |
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|
$ |
160 |
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| Senior unsecured notes - Series L - 3.31%, due September 2026 |
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|
200 |
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|
200 |
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| Senior unsecured notes - Series N - 1.68%, due March 2026 |
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|
— |
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|
100 |
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| Total notes payable and debt, current |
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|
200 |
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|
|
460 |
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| Senior unsecured notes - Series M - 3.53%, due September 2029 |
|
|
300 |
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|
300 |
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| Senior unsecured notes - Series O - 2.25%, due March 2031 |
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|
400 |
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|
|
400 |
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| Senior unsecured notes - Series P - 4.91%, due May 2028 |
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|
— |
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|
|
50 |
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| Senior unsecured notes - Series Q - 4.91%, due May 2030 |
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|
— |
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|
|
50 |
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| SpinCo Term Loan - due February 2028 |
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|
450 |
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|
|
— |
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| Senior Notes - 4.32% - due September 2027 |
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|
650 |
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|
|
— |
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| Senior Notes - 4.40% - due March 2029 |
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|
600 |
|
|
|
— |
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| Senior Notes - 4.66% - due March 2031 |
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|
750 |
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|
|
— |
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| Senior Notes - 4.95% - due March 2033 |
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|
750 |
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|
|
— |
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| Senior Notes - 5.25% - due March 2036 |
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|
750 |
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|
|
— |
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| Credit agreement |
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|
260 |
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|
|
150 |
|
| Unamortized debt issuance costs |
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|
(24 |
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(3 |
) |
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| Total long-term debt |
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|
4,886 |
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|
|
947 |
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| Total debt |
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$ |
5,086 |
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|
$ |
1,407 |
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