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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of long-term debt instruments | Our long-term debt consisted of the following as of December 31, 2022 and 2021:
| Successor
| December 31, 2022 |  | December 31, 2021
| Carrying Amount |  | Fair Value(a) |  | Carrying Amount |  | Fair Value(a)
New Credit Facility | $ | 1,050 |  |  | $ | 1,050 |  |  | $ | — |  |  | $ | — |
Exit Credit Facility - Tranche A Loans | — |  |  | — |  |  | — |  |  | — |
Exit Credit Facility - Tranche B Loans | — |  |  | — |  |  | 221 |  |  | 221 |
5.50% senior notes due 2026 | 500 |  |  | 485 |  |  | 500 |  |  | 526 |
5.875% senior notes due 2029 | 500 |  |  | 475 |  |  | 500 |  |  | 535 |
6.75% senior notes due 2029(b) | 950 |  |  | 917 |  |  | 950 |  |  | 1,031 |
Premiums on senior notes | 100 |  |  | — |  |  | 116 |  |  | — |
Debt issuance costs | (7) |  |  | — |  |  | (9) |  |  | — |
Total long-term debt, net | $ | 3,093 |  |  | $ | 2,927 |  |  | $ | 2,278 |  |  | $ | 2,313 |
____________________________________________ (a)The carrying value of borrowings under each respective Credit Facility approximates fair value as the interest rates are based on prevailing market rates; therefore, they are a Level 1 fair value measurement. For all other debt, a market approach, based upon quotes from major financial institutions, which are Level 2 inputs, is used to measure the fair value. (b)On November 1, 2021, we acquired the debt of Vine, which consisted of 6.75% senior notes due 2029. See further discussion below.
Schedule of debt maturities | The table below presents debt maturities as of December 31, 2022, excluding debt issuance costs and premiums:
|  | Total
2023 |  | $ | — |
2024 |  | — |
2025 |  | — |
2026 |  | 500 |
2027 |  | 1,050 |
Thereafter |  | 1,450 |
Total long-term debt, net |  | $ | 3,000 |

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