Long-Term Debt and Short-Term Borrowings (Tables)

9 Months Ended

Sep. 30, 2026

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt and short-term borrowings consist of the following (dollars in millions):


	September 30, 2026		December 31, 2025
Long-Term Debt
Senior term loans due 2028	$1,242		$1,325
5.500% senior notes due 2029	500		500
4.800% senior notes due 2030	600		600
2.500% senior notes due 2031	500		500
4.900% senior notes due 2033	750		750
5.950% senior notes due 2034	1,000		1,000
5.500% senior notes due 2035	500		500
5.250% senior notes due 2036	750		—
Other	5		6
Total long-term debt	5,847		5,181
Less: current maturities of long-term debt	69		71
Less: unamortized discount	55		47
Less: unamortized debt issuance costs	13		13
Total long-term debt, net of current maturities	$5,710		$5,050

Short-Term Borrowings
Warehouse lines of credit	$936		$1,609
Commercial paper program	1,195		852
Other	4		4
Total short-term borrowings	$2,135		$2,465