v3.26.1
Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s debt consists of the following:
(Dollars in millions)March 31, 2026December 31, 2025
2022 Term Loan A
$— $191 
Finance lease and other150 152 
Short-term borrowings related to factoring facilities (Note 4)
Total debt principal 151 348 
Less unamortized debt issuance costs and discounts— (1)
Total debt, net 151 347 
Less short-term borrowings and current portion of long-term debt(11)(26)
Total long-term debt $140 $321 
Schedule of Maturities of Debt
Maturities of debt as of March 31, 2026 are as follows:
(Dollars in millions)
Year Ending December 31,
Total
Remainder of 2026$11 
2027
2028
2029
2030
Thereafter104 
Total principal payments$151