v3.25.0.1
DEBT - Schedule of Debt (Details)
€ in Millions, R$ in Millions
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
BRL (R$)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
BRL (R$)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2016
USD ($)
Debt Instrument                  
Total debt before finance lease obligations $ 3,805,000,000     $ 3,063,000,000          
Finance lease obligations (Note 8) 4,000,000     6,000,000          
Total debt 3,809,000,000     3,069,000,000          
Less: current maturities (456,000,000)     (751,000,000)          
Less: unamortized discounts and deferred financing fees (27,000,000)     (13,000,000)          
Total long-term debt 3,326,000,000     2,305,000,000          
Unamortized discounts and deferred financing fees, current maturities 0     1,000,000          
Senior Notes                  
Debt Instrument                  
Less: unamortized discounts and deferred financing fees (20,000,000)                
$750 million senior unsecured notes maturing in 2024—1.800% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 750,000,000         $ 750,000,000      
Debt instrument, interest rate, stated percentage 1.80% 1.80% 1.80%     1.80%      
Total debt before finance lease obligations       746,000,000          
$450 million senior unsecured notes maturing in 2025—5.375% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 450,000,000           $ 450,000,000    
Debt instrument, interest rate, stated percentage 5.375% 5.375% 5.375%       5.375%    
Total debt before finance lease obligations $ 450,000,000     450,000,000          
$400 million senior unsecured notes maturing in 2026—4.850% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 400,000,000               $ 400,000,000
Debt instrument, interest rate, stated percentage 4.85% 4.85% 4.85%           4.85%
Total debt before finance lease obligations $ 400,000,000     400,000,000          
$600 million senior unsecured notes maturing in 2027—5.750% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 600,000,000     $ 600,000,000          
Debt instrument, interest rate, stated percentage 5.75% 5.75% 5.75% 5.75% 5.75%        
Total debt before finance lease obligations $ 600,000,000     $ 600,000,000          
Less: unamortized discounts and deferred financing fees       (4,000,000)          
$400 million senior unsecured notes maturing in 2028—4.375% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 400,000,000             $ 400,000,000  
Debt instrument, interest rate, stated percentage 4.375% 4.375% 4.375%         4.375%  
Total debt before finance lease obligations $ 399,000,000     399,000,000          
$600 million senior unsecured notes maturing in 2029—5.250% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 600,000,000                
Debt instrument, interest rate, stated percentage 5.25% 5.25% 5.25%            
Total debt before finance lease obligations $ 600,000,000     0          
$450 million senior unsecured notes maturing in 2030—5.750% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 450,000,000           $ 450,000,000    
Debt instrument, interest rate, stated percentage 5.75% 5.75% 5.75%       5.75%    
Total debt before finance lease obligations $ 440,000,000     440,000,000          
$450 million senior unsecured notes maturing in 2031—5.375% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 450,000,000                
Debt instrument, interest rate, stated percentage 5.375% 5.375% 5.375%            
Total debt before finance lease obligations $ 450,000,000     0          
$350 million senior unsecured notes maturing in 2034—5.500% | Senior Notes                  
Debt Instrument                  
Debt instrument, face amount $ 350,000,000                
Debt instrument, interest rate, stated percentage 5.50% 5.50% 5.50%            
Total debt before finance lease obligations $ 350,000,000     0          
Variable rate mortgage loan                  
Debt Instrument                  
Total debt before finance lease obligations 52,000,000 € 50   0          
Variable rate term loan                  
Debt Instrument                  
Total debt before finance lease obligations 45,000,000     0          
Floating average rate loan                  
Debt Instrument                  
Floating average rate loan $ 19,000,000   R$ 119 $ 28,000,000 R$ 136