v3.25.4
SHORT-TERM BORROWINGS, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES AND OTHER OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-Term Borrowings and Capital Lease Obligations
The following tables summarize the Company's short-term borrowings, long-term debt and finance lease obligations:
Short-Term BorrowingsDecember 31, 2025December 31, 2024
In millions
Commercial paper 1
$60 $— 
Long-term debt due within one year 2
$— $1,848 
1.The weighted-average interest rate on commercial paper was 3.95% at December 31, 2025.
2.Presented net of current portion of unamortized debt issuance costs.
Schedule of Long-Term Debt Instruments
Long-Term DebtDecember 31, 2025
December 31, 2024
In millionsAmountWeighted Average RateAmountWeighted Average Rate
Promissory notes and debentures 1:
  Final maturity 2025$— — $1,850 4.49 %
  Final maturity 20281,350 4.73 %2,250 4.73 %
  Final maturity 2031 and thereafter 2
1,851 5.49 %3,102 5.47 %
Other facilities:
Finance lease obligations9 9 
Less: Unamortized debt discount and issuance costs 3
76 40 
Less: Long-term debt due within one year
— 1,848 
Total $3,134 $5,323 
1.Represents senior unsecured obligations of the Company (the remaining Existing Notes and the 2028 New Notes, defined below).
2.Includes an unamortized basis adjustment of $35 million and $48 million related to the dedesignation of the Company's interest rate swap agreements at December 31, 2025 and 2024, respectively, and a fair value hedging adjustment of $4 million, related to the Company's interest rate swap agreements at December 31, 2025. See Note 21 for additional information.
3.At December 31, 2025, the $76 million of unamortized debt discount and issuance costs is comprised of original unamortized issue fees of $21 million and additional capitalized unamortized fees of $55 million related to the Debt Exchange, Consent Solicitation and Tender Offer.
Schedule of Maturities of Long-Term Debt
Principal payments of long-term debt for the five succeeding fiscal years are as follows:
Maturities of Long-Term Debt for Next Five Years at December 31, 2025
Total
In millions
2026$— 
2027$— 
2028$1,350 
2029$— 
2030$— 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:
Committed and Available Credit Facilities at December 31, 2025
In millionsEffective DateCommitted CreditCredit AvailableMaturity DateInterest
Five-Year Revolving Credit Facility
April 2022$2,000 $1,984 April 2028Floating Rate
2025 $1B Revolving Credit Facility
May 20251,000 1,000 May 2026Floating Rate
Total Committed and Available Credit Facilities$3,000 $2,984 
Schedule of Supplier Finance Program
The following table summarizes the outstanding obligations confirmed as valid under the supplier financing programs for the years ended December 31, 2025 and 2024:
Supplier Financing Program ActivityAmount
In millions
Confirmed obligations outstanding as of January 1, 2024$67 
Invoices confirmed to financial institutions273 
Confirmed invoices paid to financial institution(270)
Foreign currency exchange impact(1)
Confirmed obligations outstanding as of December 31, 2024$69 
Invoices confirmed to financial institutions237 
Confirmed invoices paid to financial institution(244)
Foreign currency exchange impact1 
Confirmed obligations outstanding as of December 31, 2025
$63