v3.26.1
Debt
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt Debt
Long-term debt was as follows:
(in millions)March 31, 2026December 31, 2025
Revolving credit facility$144 $109 
Senior notes due 2029520 520 
Finance lease obligations46 49 
Other15 13 
Principal debt balance725 691 
Debt issuance costs and unamortized discounts(4)(4)
Less: current maturities(23)(22)
Total Long-term Debt$698 $665 
As of March 31, 2026, the Company had $144 million outstanding borrowings under its Revolving Credit Facility. The Company utilized $23 million of the Revolving Credit Facility to issue letters of credit as of March 31, 2026. Additionally, the Company utilized $76 million of the Performance Letter of Credit Facility to issue performance letters of credit as of March 31, 2026. The remaining unused capacity, reflecting total borrowing facility size minus outstanding borrowings and letters of credit, under the Revolving Credit Facility and the Performance Letter of Credit Facility was $190 million and $17 million, respectively, as of March 31, 2026.
At March 31, 2026, the Company was in compliance with all debt covenants related to the borrowings in the table above.