Debt Investors

Summary of Debt Outstanding1 (as of December 31st, 2025)

2015 Senior Notes, due 2027* $587 million 1.75% March 9, 2027 BBB+ (S&P)
BBB+ (Fitch) 		615369AF2
2017 Senior Notes, due 2028 $498 million 3.25% January 15, 2028 BBB+ (S&P)
BBB+ (Fitch) 		615369AL9
2018 Senior Notes, due 2029 $379 million 4.25% February 1, 2029 BBB+ (S&P)
BBB+ (Fitch) 		615369AP0
2019 Senior Notes, due 2030* $876 million 0.950% February 25, 2030 BBB+ (S&P)
BBB+ (Fitch) 		615369AR6
2021 Senior Notes, due 2031 $592 million 2.00% August 19, 2031 BBB+ (S&P)
BBB+ (Fitch) 		615369AW5
2022 Senior Notes, due 2032 $493 million 4.25% August 8, 2032 BBB+ (S&P)
BBB+ (Fitch) 		615369AZ8
2024 Senior Notes, due 2034 $492 million 5.00% August 5, 2034 BBB+ (S&P)
BBB+ (Fitch) 		615369BA2
2021 Senior Notes, due 2041 $585 million 2.75% August 19, 2041 BBB+ (S&P)
BBB+ (Fitch) 		615369AV7
2014 Senior Notes, due 2044 $581 million 5.25% July 15, 2044 BBB+ (S&P)
BBB+ (Fitch) 		615369AE5
2018 Senior Notes, due 2048 $370 million 4.875% December 17, 2048 BBB+ (S&P)
BBB+ (Fitch) 		615369AQ8
2020 Senior Notes, due 2050 $293 million 3.25% May 20, 2050 BBB+ (S&P)
BBB+ (Fitch) 		615369AT2
2022 Senior Notes, due 2052 $465 million 3.75% February 25, 2052 BBB+ (S&P)
BBB+ (Fitch) 		615369AY1
2020 Senior Notes, due 2060 $295 million 2.55% August 18, 2060 BBB+ (S&P)
BBB+ (Fitch) 		615369AU9
2021 Senior Notes, due 2061 $488 million 3.10% November 29, 2061 BBB+ (S&P)
BBB+ (Fitch) 		615369AX3
Total Debt $6,994 million        

Table reflects the carrying value of debt. For information on the principal amount, unamortized discount/premium and unamortized debt issuance costs and the fair value of interest rate swaps associated with each debt item, refer to Note 16, “Indebtedness” in the Form 10-K for the period ended December 31, 2025.

 

debt

* 2015 Senior Notes due 2027 and 2019 Senior Notes due 2030 have been converted to USD using the spot rate as of December 31, 2025: $1.17 to €1. Refer to Note 16, “Indebtedness” in the 10-K for the period ended December 31, 2025.