| | | |
Per Additional
2031 Note |
| |
Total
|
| |
Per
2036 Note |
| |
Total
|
| ||||||||||||
|
Price to public(1)
|
| | | | 100.907% | | | | | $ | 201,814,000 | | | | | | 99.718% | | | | | $ | 548,449,000 | | |
|
Underwriting discount
|
| | | | 0.600% | | | | | $ | 1,200,000 | | | | | | 0.650% | | | | | $ | 3,575,000 | | |
|
Proceeds (before expenses) to us(1)
|
| | | | 100.307% | | | | | $ | 200,614,000 | | | | | | 99.068% | | | | | $ | 544,874,000 | | |
| | BNP PARIBAS | | | Citigroup | | |
Deutsche Bank Securities
|
| |
Goldman Sachs & Co. LLC
|
|
| | Barclays | | | BofA Securities | | | COMMERZBANK | | |
J.P. Morgan
|
|
| |
Loop Capital Markets
|
| | Scotiabank | | |
Standard Chartered Bank
|
| | BBVA | |
| | FNB America Securities LLC | | |
IMI - Intesa Sanpaolo
|
| |
PNC Capital Markets LLC
|
| | | |
| | | |
Page
|
| |||
| | | | | S-ii | | | |
| | | | | S-iv | | | |
| | | | | S-v | | | |
| | | | | S-vi | | | |
| | | | | S-1 | | | |
| | | | | S-5 | | | |
| | | | | S-7 | | | |
| | | | | S-8 | | | |
| | | | | S-9 | | | |
| | | | | S-31 | | | |
| | | | | S-40 | | | |
| | | | | S-42 | | | |
| | | | | S-47 | | | |
| | | | | S-47 | | | |
| | | |
Page
|
| |||
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 8 | | | |
| | | | | 8 | | | |
| | | |
As of December 26, 2025
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
As Adjusted
|
| ||||||
| Indebtedness: | | | | | | | | | | | | | |
|
Short-term debt:
|
| | | | | | | | | | | | |
|
Revolving Credit Facilities(1)
|
| | | $ | — | | | | | $ | — | | |
|
Commercial paper
|
| | | | — | | | | | | — | | |
|
3.700% senior notes due 2026(2)
|
| | | | 350 | | | | | | — | | |
|
4.500% senior notes due 2026(3)
|
| | | | 500 | | | | | | — | | |
|
Other
|
| | | | 2 | | | | | | 2 | | |
|
Total short-term debt
|
| | | | 852 | | | | | | 2 | | |
|
Long-term debt (less current maturities):
|
| | | | | | | | | | | | |
|
3.125% senior notes due 2027
|
| | | | 400 | | | | | | 400 | | |
|
2.500% euro-denominated senior notes due 2028
|
| | | | 589 | | | | | | 589 | | |
|
0.000% euro-denominated senior notes due 2029
|
| | | | 648 | | | | | | 648 | | |
|
4.625% senior notes due 2030
|
| | | | 350 | | | | | | 350 | | |
|
4.500% senior notes due 2031(4)
|
| | | | 450 | | | | | | 650 | | |
|
2.500% senior notes due 2032
|
| | | | 600 | | | | | | 600 | | |
|
3.250% euro-denominated senior notes due 2033
|
| | | | 883 | | | | | | 883 | | |
|
5.000% senior notes due 2035
|
| | | | 450 | | | | | | 450 | | |
|
7.125% senior notes due 2037
|
| | | | 477 | | | | | | 477 | | |
|
4.875% senior notes due 2036 offered hereby
|
| | | | — | | | | | | 550 | | |
|
Other
|
| | | | 65 | | | | | | 65 | | |
|
Total long-term debt
|
| | | | 4,912 | | | | | | 5,662 | | |
|
Unamortized discounts, premiums, and debt issuance costs, net
|
| | | | (56) | | | | | | (63) | | |
|
Total indebtedness
|
| | | | 5,708 | | | | | | 5,601 | | |
|
Shareholders’ equity
|
| | | | 12,987 | | | | | | 12,987 | | |
|
Total capitalization
|
| | | $ | 18,695 | | | | | $ | 18,588 | | |
|
Name
|
| |
Principal
Amount of Additional 2031 Notes |
| |
Principal
Amount of 2036 Notes |
| ||||||
|
BNP Paribas Securities Corp.
|
| | | $ | 36,000,000 | | | | | $ | 99,000,000 | | |
|
Citigroup Global Markets Inc.
|
| | | | 36,000,000 | | | | | | 99,000,000 | | |
|
Goldman Sachs & Co. LLC
|
| | | | 36,000,000 | | | | | | 99,000,000 | | |
|
Deutsche Bank Securities Inc.
|
| | | | 18,000,000 | | | | | | 49,500,000 | | |
|
Barclays Capital Inc.
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
BofA Securities, Inc.
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
Commerz Markets LLC
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
J.P. Morgan Securities LLC
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
Loop Capital Markets LLC
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
Scotia Capital (USA) Inc.
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
Standard Chartered Bank
|
| | | | 8,000,000 | | | | | | 22,000,000 | | |
|
BBVA Securities Inc.
|
| | | | 6,000,000 | | | | | | 16,500,000 | | |
|
FNB America Securities LLC
|
| | | | 4,000,000 | | | | | | 11,000,000 | | |
|
Intesa Sanpaolo IMI Securities Corp.
|
| | | | 4,000,000 | | | | | | 11,000,000 | | |
|
PNC Capital Markets LLC
|
| | | | 4,000,000 | | | | | | 11,000,000 | | |
|
Total
|
| | | $ | 200,000,000 | | | | | $ | 550,000,000 | | |
| | | |
Page
|
| |||
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 8 | | | |
| | | | | 8 | | | |
| |
BNP PARIBAS
|
| |
Citigroup
|
| |
Deutsche Bank Securities
|
| |
Goldman Sachs & Co. LLC
|
|
| | Barclays | | | BofA Securities | | | COMMERZBANK | | |
J.P. Morgan
|
|
| |
Loop Capital Markets
|
| | Scotiabank | | |
Standard Chartered Bank
|
| | BBVA | |
| | FNB America Securities LLC | | |
IMI - Intesa Sanpaolo
|
| |
PNC Capital Markets LLC
|
| | | |