DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Summary of Debt

Our debt consists of the following:

At December 31,	2024		2023
4.75% Senior Notes due 2025	$	—	$	125
4.0% Senior Notes due 2026	346		345
3.70% (2024) and 3.45% (2023) Senior Notes due 2026	86		86
2.90% Senior Notes due 2027	582		581
3.375% Senior Notes due 2028	498		497
3.70% Senior Notes due 2028	496		495
4.20% Senior Notes due 2029	496		496
7.875% Senior Debentures due 2030	829		830
4.95% Senior Notes due 2031	1,232		1,229
4.20% Senior Notes due 2032	980		977
5.50% Senior Debentures due 2033	428		428
4.85% Senior Debentures due 2034	87		87
6.875% Senior Debentures due 2036	1,072		1,071
6.75% Senior Debentures due 2037	76		75
5.90% Senior Notes due 2040	298		298
4.50% Senior Debentures due 2042	45		45
4.85% Senior Notes due 2042	490		489
4.375% Senior Debentures due 2043	1,146		1,138
4.875% Senior Debentures due 2043	18		18
5.85% Senior Debentures due 2043	1,235		1,234
5.25% Senior Debentures due 2044	345		345
4.90% Senior Notes due 2044	542		541
4.60% Senior Notes due 2045	591		591
4.95% Senior Notes due 2050	950		948
6.25% Junior Subordinated Debentures due 2057	644		643
6.375% Junior Subordinated Debentures due 2062	989		989
Obligations under finance leases	—		1
Total debt (a)	14,501		14,602
Less current portion of long-term debt	—		1
Total long-term debt, net of current portion	$	14,501	$	14,601

(a) At December 31, 2024 and 2023, the senior and junior debt balances included (i) a net unamortized discount of $401 million and $419 million, respectively, and (ii) unamortized deferred financing costs of $74 million and $81 million, respectively. The face value of our total debt was $14.98 billion at December 31, 2024 and $15.10 billion at December 31, 2023.

Summary of Maturities of Long-term Debt at Face Value

At December 31, 2024, our scheduled maturities of long-term debt at face value, which excludes payments for the related interest and finance leases, were as follows:

																2030 and
	2025			2026			2027			2028			2029			Thereafter
Long-term debt		$	—		$	433		$	584		$	1,000		$	500	$	12,459