Annual report [Section 13 and 15(d), not S-K Item 405]

Note 15 - Debt - Accounts Receivable Programs (Details)

v3.25.4
Note 15 - Debt - Accounts Receivable Programs (Details)
€ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Amount outstanding $ 2,011   $ 1,835
US A/R Program [Member]      
Maturity Dec. 31, 2028    
Maximum funding availability [1] $ 180    
Amount outstanding [2] $ 93    
US A/R Program [Member] | Term Secured Overnight Financing Rate (Term SOFR) [Member]      
Interest rate [3] 0.85%    
EU A/R Program [Member]      
Maturity Jul. 31, 2027    
Maximum funding availability [1] $ 118 € 100  
Amount outstanding $ 59 € 50  
EU A/R Program [Member] | Term SOFR, EURIBOR, or SONIA [Member]      
Interest rate [3] 1.45%    
[1] The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements.
[2] As of December 31, 2025, we had approximately $5 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.
[3] The applicable rate for our U.S. A/R Program is defined by the lenders as the Asset-Backed Commercial Paper rate. The applicable rate for our EU A/R Program is either Term SOFR, EURIBOR or SONIA (Sterling Overnight Interbank Average Rate).