v3.25.4
SENIOR NOTES (Tables)
 12 Months Ended
Dec. 31, 2025
Senior Notes [Abstract]  
Schedule of Outstanding Senior Notes
The table below displays Holdings’ outstanding senior notes (the “Senior Notes”). Fair value is based on quoted market prices, but due to limited trading activity, the Senior Notes are considered Level 2 in the fair value hierarchy.
December 31, 2025December 31, 2024
(Dollars in millions)Date IssuedDate DuePrincipal
Amounts		Consolidated
Balance Sheet
Amount		Fair ValueConsolidated
Balance Sheet
Amount		Fair Value
4.868% Senior notes
6/5/20146/1/2044$400 $398 $355 $398 $347 
3.5% Senior notes
10/7/202010/15/20501,000 982 698 982 681 
3.125% Senior notes
10/4/202110/15/20521,000 972 636 971 620 
$2,400 $2,352 $1,689 $2,350 $1,648 
(Some amounts may not reconcile due to rounding.)
Schedule of Interest Expense Incurred with Senior Notes
Interest expense incurred in connection with the Senior Notes is as follows for the periods indicated:
Years Ended December 31,
(Dollars in millions)Interest PaidPayable Dates202520242023
4.868% Senior Notes
semi-annuallyJune 1/December 1$19 $19 $19 
3.5% Senior Notes
semi-annuallyApril 15/October 1535 35 35 
3.125% Senior Notes
semi-annuallyApril 15/October 1532 32 32 
$86 $86 $86 
(Some amounts may not reconcile due to rounding.)