As of June 30, 2026 and December 31, 2025, the Company had debt outstanding as follows: | | | | | | | | | | | | | (in millions) | June 30,
2026 | | December 31, 2025 | | Short-term debt | | | | | Short-term borrowings | $ | 50 | | | $ | 2 | | | | | | | Long-term debt | | | | | | | | 6.750% Senior notes due 04/15/2029 ($525 million par value) | 520 | | | 519 | | 6.625% Senior notes due 10/15/2032 ($450 million par value) | 445 | | | 445 | | | | | | | | | | | Finance leases | 4 | | | 4 | | | Total long-term debt | $ | 969 | | | $ | 968 | | | Less: current portion | 1 | | | 1 | | | Long-term debt, net of current portion | $ | 968 | | | $ | 967 | |
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