Debt (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes our long-term debt as of March 31, 2026 (in millions, except percentages):


	March 31, 2026
Instruments		Effective Interest Rate		Amount
4.40% Senior Notes due March 2029		4.7	%	$	850
4.65% Senior Notes due March 2031		4.9	%	850
5.25% Senior Notes due March 2036		5.4	%	800
Total long-term debt				2,500
Unamortized discount and debt issuance costs				(22)
Hedge fair value adjustments(1)				(3)
Total long-term debt, net				$	2,475

(1)See Note 6, Derivative Instruments and Hedging, for further information on the interest rate swaps related to fixed-rate debt.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details