The components of the Company's borrowings were as follows: | | | | | | | | | | | | | | | | | | | (In millions) | Maturity Date | | June 30, 2026 | | December 31, 2025 | Revolving credit facility (1) | January 2, 2030 | | $ | 437 | | | $ | 38 | | | Less: unamortized debt issuance costs | | | (1) | | | — | | | Revolving credit facility, net | | | 436 | | | 38 | | | | | | | | Senior Secured Term Loan B (2) | January 2, 2032 | | 691 | | | 893 | | | Less: unamortized debt issuance costs | | | (11) | | | (13) | | | Senior Secured Term Loan B, net | | | 680 | | | 880 | | | | | | | | 2030 Convertible senior notes (3) | September 15, 2030 | | 575 | | | 575 | | | Less: unamortized debt issuance costs | | | (15) | | | (15) | | | Convertible senior notes, net | | | 560 | | | 560 | | | | | | | | | 2026 Convertible senior notes | May 15, 2026 | | — | | | 403 | | | Less: unamortized debt issuance costs | | | — | | | (1) | | | Convertible senior notes, net | | | — | | | 402 | | | | | | | | Other (4) | | | 3 | | | 2 | | | | | | | | | Total debt, including current portion | | | 1,679 | | | 1,882 | | | Less: current portion of debt | | | 9 | | | 412 | | | Long-term debt, net | | | $ | 1,670 | | | $ | 1,470 | |
(1) Weighted-average interest rate at June 30, 2026 was 5.19%. (2) Effective interest rate for the Term Loan B (as defined below) for the quarter ended June 30, 2026 was 5.40%. (3) Effective interest rate for the 2030 Notes (as defined below) for the quarter ended June 30, 2026 was 0.93%. (4) Foreign line of credit and other borrowing arrangements. Components of interest expense recognized for the Senior Secured Term Loan B (the “Term Loan B”) and the 0.375% Convertible Senior Notes due 2030 (the “2030 Notes”) were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (In millions) | 2026 | | 2025 | | 2026 | | 2025 | | Contractual interest expense, Term Loan B | $ | 12 | | | $ | 15 | | | $ | 24 | | | $ | 29 | | | Interest cost related to amortization of issuance costs, Term Loan B | — | | | — | | | 1 | | | 1 | | | Total interest expense, Term Loan B | $ | 12 | | | $ | 15 | | | $ | 25 | | | $ | 30 | | | Contractual interest expense, the 2030 Notes | $ | 1 | | | $ | 1 | | | $ | 2 | | | $ | 1 | | | Interest cost related to amortization of issuance costs, the 2030 Notes | 1 | | | — | | | 2 | | | 1 | | | Total interest expense, the 2030 Notes | $ | 2 | | | $ | 1 | | | $ | 4 | | | $ | 2 | |
|