Long-Term Obligations (Tables)

Long-term obligations consist of the following (in millions):


		June 30, 2024					December 31, 2023
	Maturity Date	Interest Rate			Amount		Interest Rate			Amount
Senior Unsecured Credit Agreement:
Term loan payable	January 2026	6.82	%		$	500	6.83	%		$	500
Revolving credit facilities	January 2028	6.68	%	(1)	734		6.25	%	(1)	914





Senior Unsecured Term Loan Agreement:
Term loan payable	July 2026	6.44	%		512		6.82	%		529

Unsecured Senior Notes:
U.S. Notes (2028)	June 2028	5.75	%		800		5.75	%		800
U.S. Notes (2033)	June 2033	6.25	%		600		6.25	%		600
Euro Notes (2024)	April 2024	—	%		—		3.88	%		552
Euro Notes (2028)	April 2028	4.13	%		268		4.13	%		276
Euro Notes (2031)	March 2031	4.13	%		803		—	%		—

Notes payable	Various through October 2030	3.44	%	(1)	17		3.85	%	(1)	16
Finance lease obligations		5.02	%	(1)	93		4.83	%	(1)	83
Other debt		5.66	%	(1)	7		2.16	%	(1)	11
Total debt					4,334					4,281
Less: long-term debt issuance costs and unamortized bond discounts					(37)					(30)

Total debt, net of debt issuance costs and unamortized bond discounts					4,297					4,251
Less: current maturities, net of debt issuance costs					(44)					(596)
Long term debt, net of debt issuance costs and unamortized bond discounts					$	4,253				$	3,655

(1) Interest rate derived via a weighted average

- 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