DEBT (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes the components of “Long-term debt” on the Condensed Consolidated Balance Sheets (in millions):


		December 31, 2025				March 31, 2026
	Maturity	Amount (in millions)		Effective interest rate		Amount (in millions)		Effective interest rate

Long-term debt
2029 Green Convertible Notes	2029	1,500		4.8	%	1,500		4.8	%
2030 Green Convertible Notes	2030	1,725		3.8	%	1,725		3.8	%
2031 Green Secured Notes	2031	1,250		10.6	%	1,250		10.5	%
Total long-term debt		4,475				4,475
Less unamortized discount and debt issuance costs		(35)				(33)
Long-term debt, less unamortized discount and debt issuance costs		$	4,440			$	4,442

- 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.

+ References

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+ Details