|
7. Long-Term Debt
Long-term debt consists of the following:
|
Facility
|
Maturity Date
|
|
March 29, 2025
|
|
|
September 28, 2024
|
|
|
Term loan
|
July 2029
|
|
$
|
995
|
|
|
$
|
1,538
|
|
|
Revolving line of credit
|
June 2028
|
|
|
—
|
|
|
|
—
|
|
|
1.00%
First Priority Senior Secured Notes (a)
|
January 2025
|
|
|
—
|
|
|
|
783
|
|
|
1.57%
First Priority Senior Secured Notes
|
January 2026
|
|
|
1,525
|
|
|
|
1,525
|
|
|
4.875%
First Priority Senior Secured Notes
|
July 2026
|
|
|
750
|
|
|
|
750
|
|
|
1.65%
First Priority Senior Secured Notes
|
January 2027
|
|
|
400
|
|
|
|
400
|
|
|
1.50%
First Priority Senior Secured Notes (a)
|
January 2027
|
|
|
406
|
|
|
|
419
|
|
|
5.50%
First Priority Senior Secured Notes
|
April 2028
|
|
|
500
|
|
|
|
500
|
|
|
5.80%
First Priority Senior Secured Notes
|
June 2031
|
|
|
800
|
|
|
|
800
|
|
|
5.65%
First Priority Senior Secured Notes
|
January 2034
|
|
|
800
|
|
|
|
800
|
|
|
4.50%
Second Priority Senior Secured Notes(b)
|
February 2026
|
|
|
291
|
|
|
|
291
|
|
|
5.625%
Second Priority Senior Secured Notes
|
July 2027
|
|
|
500
|
|
|
|
500
|
|
|
Debt discounts and deferred fees
|
|
|
|
(24
|
)
|
|
|
(31
|
)
|
|
Finance leases and other
|
Various
|
|
|
36
|
|
|
|
40
|
|
|
Total long-term debt
|
|
|
|
6,979
|
|
|
|
8,315
|
|
|
Current portion of long-term debt
|
|
|
|
(1,535
|
)
|
|
|
(810
|
)
|
|
Long-term debt, less current portion
|
|
|
$
|
5,444
|
|
|
$
|
7,505
|
|
| (b) |
Indicates debt which has been classified as long-term debt in accordance
with the Company's ability and intention to refinance such obligations on a long-term basis.
|
Debt discounts and deferred financing fees are presented net of long-term debt, less the current portion on the Consolidated Balance Sheets and are amortized to
Interest expense, net on the Consolidated Statements of Income through maturity.
On January 15, 2025, the Company fully repaid the 1.00% First Priority Senior Secured Notes due January 2025 utilizing cash on
hand.
|