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	15. PRO FORMA DEBT SCHEDULE
	($ in millions)
		FY2026E	FY2027E	FY2028E	FY2029E	FY2030E
	TERM LOAN A
	Beginning Balance	$2,000	$1,900	$1,800	$1,700	$1,600
	Amortization	($100)	($100)	($100)	($100)	($100)
	Ending Balance	$1,900	$1,800	$1,700	$1,600	$1,500
	Interest Expense	($107)	($102)	($96)	($91)	($85)
	TERM LOAN B
	Beginning Balance	$1,500	$1,500	$1,500	$1,500	$1,500
	Amortization (Bullet - no amort.)	-	-	-	-	-
	Ending Balance	$1,500	$1,500	$1,500	$1,500	$1,500
	Interest Expense	($98)	($98)	($98)	($98)	($98)
	TOTAL NEW DEBT SUMMARY
	Total Beginning Debt	$3,500	$3,400	$3,300	$3,200	$3,100
	Total Amortization	($100)	($100)	($100)	($100)	($100)
	Total Ending Debt	$3,400	$3,300	$3,200	$3,100	$3,000
	Total Interest Expense (New Debt)	($205)	($199)	($194)	($188)	($183)
	CREDIT METRICS
	Pro Forma EBITDA	$4,271	$4,828	$5,439	$5,979	$6,454
	Total Debt / EBITDA	1.5x	1.3x	1.1x	1.0x	0.9x
	Interest Coverage (EBITDA / Interest)	20.9x	24.2x	28.1x	31.8x	35.3x
	Note: Term Loan A amortizes at 5% per year. Term Loan B is a bullet maturity (no amortization). Interest calculated on average balance. Source: Financing term sheet, indicative rates.