| Schedule of Long-Term Borrowings |
| | | | | | | | | | Borrowings Composition | As of | | December 31, 2025 | December 31, 2024 | 5.600% senior notes due November 15, 2025 | $ | — | | $ | 1,500 | | 5.650% senior notes due November 15, 2027 | 1,750 | | 1,750 | | 4.150% senior notes due December 15, 2028 | 600 | | — | | 4.800% senior notes due August 14, 2029 | 1,000 | | 1,000 | | 5.857% senior notes due March 15, 2030 | 1,250 | | 1,250 | | 4.800% senior notes due January 15, 2031 | 650 | | — | | 5.905% senior notes due November 22, 2032 | 1,750 | | 1,750 | | 5.500% senior notes due June 15, 2035 | 850 | | — | | 4.950% senior notes due December 15, 2035 | 650 | | — | | 6.377% senior notes due November 22, 2052 | 1,000 | | 1,000 | | Floating rate Term Loan Facility due January 2, 2026 | 500 | | 750 | | | Other | 24 | | 36 | | | Total principal debt issued | 10,024 | | 9,036 | | | Less: Unamortized debt issuance costs and discounts | 49 | | 33 | | | Add: Cumulative basis adjustment for fair value hedges | 27 | | (51) | | | Total borrowings | 10,003 | | 8,951 | | Less: Short-term borrowings(1) | 508 | | 1,502 | | | Long-term borrowings | $ | 9,495 | | $ | 7,449 | |
(1) Short-term borrowings as of December 31, 2025 and 2024 includes $502 million and $1,500 million, respectively, related to the current portion of our long-term borrowings, net of unamortized debt issuance costs and discounts.
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| Schedule of Maturities of Long-Term Debt |
Scheduled maturities of borrowings, excluding amortization of discounts and debt issuance costs, are as follows.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2026 | 2027 | 2028 | 2029 | 2030 | Thereafter | Total | | $ | 508 | | $ | 1,767 | | $ | 600 | | $ | 1,000 | | $ | 1,250 | | $ | 4,900 | | $ | 10,024 | |
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