v3.26.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The components of the Company's borrowings were as follows:
(In millions)Maturity DateMarch 31, 2026December 31, 2025
Revolving credit facility (1)
January 2, 2030$— $38 
Senior Secured Term Loan B (2)
January 2, 2032891 893 
Less: unamortized debt issuance costs(12)(13)
Senior Secured Term Loan B, net879 880 
2030 Convertible senior notes (3)
September 15, 2030575 575 
Less: unamortized debt issuance costs(15)(15)
Convertible senior notes, net560 560 
2026 Convertible senior notes (4)
May 15, 2026403 403 
Less: unamortized debt issuance costs— (1)
Convertible senior notes, net403 402 
Other (5)
1 2 
Total debt, including current portion1,843 1,882 
Less: current portion of debt411 412 
Long-term debt, net$1,432 $1,470 
(1) Weighted-average interest rate at March 31, 2026 was 5.17%.
(2) Effective interest rate for the Term Loan B (as defined below) for the quarter ended March 31, 2026 was 5.44%.
(3) Effective interest rate for the 2030 Notes (as defined below) for the quarter ended March 31, 2026 was 0.93%.
(4) Effective interest rate for the 2026 Notes (as defined below) for the quarter ended March 31, 2026 was 0.82%.
(5) Overdraft facility and foreign line of credit borrowing.