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Long-Term Debt and Short-Term Borrowings (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt and Short-Term Borrowings | Total long-term debt and short-term borrowings consist of the following (dollars in millions):
| December 31,
| 2023 |  | 2022
Long-Term Debt |  |  |
Senior term loans | $ | 755 |  |  | $ | 428 |
5.950% senior notes due in 2034, net of unamortized discount | 976 |  |  | — |
4.875% senior notes due in 2026, net of unamortized discount | 599 |  |  | 598 |
2.500% senior notes due in 2031, net of unamortized discount | 494 |  |  | 494 |
Total long-term debt | 2,824 |  |  | 1,520 |
Less: current maturities of long-term debt | 9 |  |  | 428 |
Less: unamortized debt issuance costs | 11 |  |  | 6 |
Total long-term debt, net of current maturities | $ | 2,804 |  |  | $ | 1,086 |
Short-Term Borrowings |  |  |
Warehouse lines of credit, with interest ranging from 5.51% to 8.15%, due in 2024 | $ | 666 |  |  | $ | 448 |
Revolving credit facility, with interest ranging from 5.03% to 5.23% | — |  |  | 178 |
Other | 16 |  |  | 43 |
Total short-term borrowings | $ | 682 |  |  | $ | 669 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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