v3.21.2

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Swap Agreements That Will Fix the Floating Interest Rates Associated With Its Term Loan

The Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table:

Designation Date		Effective Date		Initial Notional Amount					Notional Amount Outstanding as of September 30, 2021					Fixed Rate					Expiration Date
July 2021		August 2020				557,500,000					557,500,000				2.5070		%		May 2022
July 2021		August 2020				89,863,420					98,078,920				3.0854		%		February 2023
July 2021		August 2020				181,205,050					168,155,300				0.7775		%		May 2024
July 2021		August 2020				388,877,200					373,963,200				0.7430		%		May 2024
July 2021		May 2022				220,130,318				n/a					0.5170		%		May 2024
July 2021		May 2022				306,004,562				n/a					0.5127		%		May 2024

Schedule of Fair Values and Location of Outstanding Derivative Instruments Recorded in the Condensed Consolidated Balance Sheets

The fair values and location of outstanding derivative instruments recorded in the Condensed Consolidated Balance Sheets are as follows (in millions):

		Successor						Predecessor
		September 30,						December 31,
		2021						2020
Assets
Other assets		$		5				$		—
Total		$		5				$		—
Liabilities
Other current liabilities		$		12				$		28
Other liabilities				1						19
Total		$		13				$		47

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

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- Definition

Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

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-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
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