3 unchanged sentences
The fair value of our long-term debt and the change in fair value based on a 1% increase or decrease in market interest rates were as follows:
−Removed: (in billions) September 30, 2025 December 31, 2024
+Added: (in billions) March 31, 2026 December 31, 2025
Fair value $ 22.7 $ 24.3
1 unchanged sentence
Increase in fair value from a 1% decrease in market interest rates 2.0 2.1
−Removed: We expect interest rates on borrowings under our Credit Agreement to be based on the Term Secured Overnight Financing Rate, plus a percentage based on the higher of the ratings of our long-term senior unsecured debt from Moody’s and S&P.
−Removed: The applicable percentage for borrowings under our Credit Agreement at September 30, 2025 was 1.0% based on our long-term senior unsecured debt ratings on that date.
−Removed: At September 30, 2025 and December 31, 2024, we had no borrowings under our Credit Agreement.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.