Quarterly report [Sections 13 or 15(d)]

Note 9 - Debt (Tables)

v3.25.3
Note 9 - Debt (Tables)
9 Months Ended
Sep. 30, 2025
Notes Tables  
Schedule of Debt [Table Text Block]
   

September 30,

   

December 31,

 
   

2025

   

2024

 

Senior credit facilities:

               

Revolving credit facility

  $ 366     $  

Senior notes

    1,488       1,799  

Amounts outstanding under A/R programs

    124        

Variable interest entities

    9       16  

Other

    21       20  

Total debt

  $ 2,008     $ 1,835  

Current portion of debt

  $ 378     $ 325  

Long-term portion of debt

    1,630       1,510  

Total debt

  $ 2,008     $ 1,835  
Schedule of Line of Credit Facilities [Table Text Block]

Facility

 

Committed amount

   

Principal outstanding

 

Unamortized discounts and debt issuance costs

   

Carrying value

   

Maturity

 

2022 Revolving Credit Facility

  $ 1,200     $ 366  (1)(2)   $     $ 366       May 2027  
Schedule of Notes Outstanding [Table Text Block]
                   

Unamortized premiums,

 
                   

discounts and

 

Notes

 

Maturity

 

Interest rate

   

Amount outstanding

 

debt issuance costs

 

2029 Senior notes

 

May 2029

    4.50 %  

$750 ($744 carrying value)

  $ 6  

2031 Senior notes

 

June 2031

    2.95 %  

$400 ($398 carrying value)

    2  

2034 Senior notes

 

October 2034

    5.70 %  

$350 ($346 carrying value)

    4  
Schedule of Accounts Receivable Programs [Table Text Block]
       

Maximum funding

   

Amount

     

Facility

 

Maturity

 

availability(1)

   

outstanding

   

Interest rate(2)

U.S. A/R Program

 

January 2027

  $ 150     $ 66  

(3)

Applicable rate plus 0.95%

EU A/R Program

 

July 2027

  100     50    

Applicable rate plus 1.45%

        (or approximately $117)     (or approximately $58)