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LONG TERM DEBT | 6 Months Ended
--- | ---
Jun. 30, 2023
Borrowing costs Abstract [Abstract] |
Long Term Debt | Long Term Debt The following table outlines the terms and carrying amounts of the Company’s debt:
Description | Currency | Nominal Interest Rate | Year of Maturity | June 30, 2023 |  | December 31, 2022
|  |  |  | (in millions)
2018 Tool Equipment Purchase and Lease Financing | USD | SOFR + 1.60% | 2023 | $ | — |  |  | $ | 19 |
2019 Tool Equipment Purchase and Lease Financing | USD | SOFR+ 1.75% | 2024 | 64 |  |  | 85 |
2019 USD Dresden Equipment Financing | USD | SOFR + 1.75% | 2024 | 36 |  |  | 36 |
2020 USD Equipment Financing | USD | SOFR + 1.90% | 2025 | 59 |  |  | 59 |
2019 EUR Dresden Equipment Financing | EUR | EURIBOR + 1.75% | 2026 | 14 |  |  | 13 |
USD Term Loan A | USD | SOFR + 2.90% | 2025 | 33 |  |  | — |
EUR Term Loan A | EUR | EURIBOR + 2.60% | 2025 | 5 |  |  | — |
Various | EUR, USD | Various | 2024-2026 | 10 |  |  | 11 |
Current total |  |  |  | $ | 221 |  |  | $ | 223 |
2019 Tool Equipment Purchase and Lease Financing | USD | SOFR + 1.75% | 2024 | — |  |  | 21 |
2019 USD Dresden Equipment Financing | USD | SOFR + 2.25% | 2026 | 90 |  |  | 108 |
2020 USD Equipment Financing | USD | SOFR + 1.90% | 2025 | 63 |  |  | 93 |
USD Term Loan A | USD | SOFR + 2.90% | 2025 | 617 |  |  | 649 |
EUR Term Loan A | EUR | EURIBOR + 2.60% | 2025 | 85 |  |  | 89 |
2019 EUR Dresden Equipment Financing | EUR | EURIBOR + 1.75% | 2026 | 385 |  |  | 387 |
2021 SGD EDB Loan | SGD | 1.40% | 2041 | 953 |  |  | 923 |
Various | EUR, USD | Various | 2024-2027 | 15 |  |  | 18 |
Noncurrent total |  |  |  | $ | 2,208 |  |  | $ | 2,288 |
Total |  |  |  | $ | 2,429 |  |  | $ | 2,511 |
The following table summarizes unutilized credit facilities available to the Company to maintain liquidity necessary to fund operations:
(in millions) | June 30, 2023 |  | December 31, 2022
Revolving Credit Facility | $ | 1,011 |  |  | $ | 1,012
SGD EDB Loan | — |  |  | 42
Uncommitted Credit Facilities(1) | 68 |  |  | 64
Total | $ | 1,079 |  |  | $ | 1,118 |
(1) Subject to lender approval before draw-down or being usable.

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- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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