Long-term Debt and Credit Agreements - Schedule of Principal Outstanding And Carrying Amount of Long term Debt (Details) - USD ($) $ in Millions |
6 Months Ended | |||
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Jun. 30, 2025 |
Jan. 30, 2025 |
Dec. 31, 2024 |
May 21, 2024 |
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Debt Instrument [Line Items] | ||||
Total debt payments | $ 1,491 | $ 1,493 | ||
Less: unamortized deferred financing costs | (24) | (22) | ||
Less: current portion of long-term debt | (7) | (7) | ||
Total long-term debt | $ 1,460 | 1,464 | ||
Unsecured Debt | 2032 Senior Notes | ||||
Debt Instrument [Line Items] | ||||
Long term debt, interest rate | 7.75% | 7.75% | ||
Total debt payments | $ 800 | 800 | ||
Less: unamortized deferred financing costs | $ (12) | |||
Other | ||||
Debt Instrument [Line Items] | ||||
Total debt payments | $ 1 | 1 | ||
Term Loan Facilities | 2021 Dollar Term Facility | ||||
Debt Instrument [Line Items] | ||||
Basis spread on variable rate | 2.75% | |||
Total debt payments | $ 0 | $ 692 | 692 | |
Term Loan Facilities | 2025 Dollar Term Facility | ||||
Debt Instrument [Line Items] | ||||
Basis spread on variable rate | 2.25% | |||
Total debt payments | $ 690 | $ 0 |
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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