v3.24.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
Debt is comprised of the following at the dates indicated (in millions):
June 30, 2024December 31, 2023
4.00% senior notes due 2024 (1) (2)
$199 $198 
4.875% senior notes due 2025 (1)
499 498 
3.90% senior notes due 2025
47 47 
4.20% senior notes due 2026
1,981 1,980 
6.375% senior notes due 2027
480 488 
6.625% senior notes due 2029
474 486 
5.375% senior notes due 2036
417 417 
5.50% senior notes due 2046
658 658 
Revolving credit facility (1)
285 131 
Other debt2 1 
Total debt
5,042 4,904 
Short-term debt and current portion of long-term debt(983)(329)
Long-term debt$4,059 $4,575 
(1)Included in short-term debt and current portion of long-term debt at June 30, 2024.
(2)Included in short-term debt and current portion of long-term debt at December 31, 2023.
Weighted average interest rates are as follows:
Three Months Ended
June 30, 		Six Months Ended
 June 30,
2024202320242023
Total debt6.0 %5.3 %5.8 %5.1 %
Short-term debt7.5 %6.8 %7.8 %6.5 %
Schedule of Fair Value of Senior Notes
The fair value of the Company’s senior notes are based upon prices of similar instruments in the marketplace and are as follows (in millions):
June 30, 2024December 31, 2023
Fair ValueBook ValueFair ValueBook Value
Senior notes$4,610 $4,755 $4,633 $4,772