v3.26.3
DEBT (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
As of September 30, 2026 and December 31, 2025, the Company had debt outstanding as follows:
September 30,December 31,
(in millions)
20262025
Short-term borrowings$5 $3 
Long-term debt
2.650% Senior notes due 07/01/27 ($1,100 million par value)
1,099 1,097 
7.125% Senior notes due 02/15/29
— 120 
4.950% Senior notes due 08/15/29 ($227 million par value)
226 496 
1.000% Senior notes due 05/19/31 (€1,000 million par value)
1,123 1,163 
5.400% Senior notes due 08/15/34 ($160 million par value)
158 494 
4.375% Senior notes due 03/15/45 ($370 million par value)
366 495 
Term loan facilities, finance leases and other30 31 
Total long-term debt3,002 3,896 
Less: current portion1,101 2 
Long-term debt, net of current portion$1,901 $3,894 
Schedule of Consolidated Statements of Operations
The following table provides details on Interest expense (income), net included in the Condensed Consolidated Statements of Operations:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2026202520262025
Interest expense$17 $25 $67 $77 
Loss on debt extinguishment4 — 4 — 
Interest income(15)(16)(44)(44)
Interest expense (income), net$6 $9 $27 $33