| | | |
Per 2031 Note
|
| |
Total
|
| |
Per 2035 Note
|
| |
Total
|
| ||||||||||||
|
Price to public(1)
|
| | | | 99.516% | | | | | $ | 447,822,000 | | | | | | 98.947% | | | | | $ | 445,261,500 | | |
|
Underwriting discount
|
| | | | 0.600% | | | | | $ | 2,700,000 | | | | | | 0.650% | | | | | $ | 2,925,000 | | |
|
Proceeds (before expenses) to us(1)
|
| | | | 98.916% | | | | | $ | 445,122,000 | | | | | | 98.297% | | | | | $ | 442,336,500 | | |
| | Barclays | | |
BNP PARIBAS
|
| |
BofA Securities
|
| |
Citigroup
|
|
| |
Deutsche Bank Securities
|
| |
Goldman Sachs
|
| |
J.P. Morgan
|
| |
Scotiabank
|
|
| | Loop Capital Markets | | |
Academy Securities
|
| |
COMMERZBANK
|
|
| |
IMI — Intesa Sanpaolo
|
| |
Standard Chartered Bank
|
| |
WauBank Securities LLC
|
|
| | | |
Page
|
| |||
| | | | | S-ii | | | |
| | | | | S-iv | | | |
| | | | | S-v | | | |
| | | | | S-vi | | | |
| | | | | S-1 | | | |
| | | | | S-5 | | | |
| | | | | S-7 | | | |
| | | | | S-8 | | | |
| | | | | S-10 | | | |
| | | | | S-32 | | | |
| | | | | S-41 | | | |
| | | | | S-43 | | | |
| | | | | S-48 | | | |
| | | | | S-48 | | | |
| | | |
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| | | | | 6 | | | |
| | | | | 8 | | | |
| | | | | 8 | | | |
| | | |
As of March 28, 2025
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
As Adjusted
|
| ||||||
| Indebtedness: | | | | | | | | | | | | | |
|
Short-term debt:
|
| | | | | | | | | | | | |
|
Revolving Credit Facilities(1)
|
| | | $ | — | | | | | $ | — | | |
|
Commercial paper(2)
|
| | | | 1,500 | | | | | | — | | |
|
3.700% senior notes due 2026(3)
|
| | | | 350 | | | | | | 350 | | |
|
4.500% senior notes due 2026(4)
|
| | | | 500 | | | | | | 500 | | |
|
Other
|
| | | | 1 | | | | | | 1 | | |
|
Total short-term debt
|
| | | | 2,351 | | | | | | 851 | | |
|
Long-term debt (less current maturities):
|
| | | | | | | | | | | | |
|
3.125% senior notes due 2027
|
| | | | 400 | | | | | | 400 | | |
|
0.000% euro-denominated senior notes due 2029(5)
|
| | | | 595 | | | | | | 628 | | |
|
4.625% senior notes due 2030
|
| | | | 350 | | | | | | 350 | | |
|
2.500% senior notes due 2032
|
| | | | 600 | | | | | | 600 | | |
|
3.250% euro-denominated senior notes due 2033(5)
|
| | | | 812 | | | | | | 857 | | |
|
7.125% senior notes due 2037
|
| | | | 477 | | | | | | 477 | | |
|
4.500% senior notes due 2031 offered hereby
|
| | | | — | | | | | | 450 | | |
|
5.000% senior notes due 2035 offered hereby
|
| | | | — | | | | | | 450 | | |
|
Notes offered in the concurrent Euro notes offering(5)
|
| | | | — | | | | | | 571 | | |
|
Other
|
| | | | 70 | | | | | | 70 | | |
|
Total long-term debt
|
| | | | 3,304 | | | | | | 4,853 | | |
|
Unamortized discounts, premiums, and debt issuance costs, net
|
| | | | (41) | | | | | | (62) | | |
|
Total indebtedness
|
| | | | 5,614 | | | | | | 5,642 | | |
|
Shareholders’ equity
|
| | | | 12,085 | | | | | | 12,085 | | |
|
Total capitalization
|
| | | $ | 17,699 | | | | | $ | 17,727 | | |
|
Name
|
| |
Principal
Amount of 2031 Notes |
| |
Principal
Amount of 2035 Notes |
| ||||||
|
Barclays Capital Inc.
|
| | | $ | 54,000,000 | | | | | $ | 54,000,000 | | |
|
BNP Paribas Securities Corp.
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
BofA Securities, Inc.
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
Citigroup Global Markets Inc.
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
Deutsche Bank Securities Inc.
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
Goldman Sachs & Co. LLC
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
J.P. Morgan Securities LLC
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
Scotia Capital (USA) Inc.
|
| | | | 54,000,000 | | | | | | 54,000,000 | | |
|
Loop Capital Markets LLC
|
| | | | 4,500,000 | | | | | | 4,500,000 | | |
|
Academy Securities, Inc.
|
| | | | 2,700,000 | | | | | | 2,700,000 | | |
|
Commerz Markets LLC
|
| | | | 2,700,000 | | | | | | 2,700,000 | | |
|
Intesa Sanpaolo IMI Securities Corp.
|
| | | | 2,700,000 | | | | | | 2,700,000 | | |
|
Standard Chartered Bank
|
| | | | 2,700,000 | | | | | | 2,700,000 | | |
|
WauBank Securities LLC
|
| | | | 2,700,000 | | | | | | 2,700,000 | | |
|
Total
|
| | | $ | 450,000,000 | | | | | $ | 450,000,000 | | |
| | | |
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| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 8 | | | |
| | | | | 8 | | | |
| | Barclays | | |
BNP PARIBAS
|
| |
BofA Securities
|
| |
Citigroup
|
|
| |
Deutsche Bank Securities
|
| |
Goldman Sachs
|
| |
J.P. Morgan
|
| |
Scotiabank
|
|
| |
Loop Capital Markets
|
| |
Academy Securities
|
| |
COMMERZBANK
|
|
| |
IMI — Intesa Sanpaolo
|
| |
Standard Chartered Bank
|
| |
WauBank Securities LLC
|
|