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LONG TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2023
Borrowing costs Abstract [Abstract]  
Disclosure of detailed information about borrowings
The following table outlines the terms and carrying amounts of the Company’s debt:
DescriptionCurrencyNominal Interest Rate
Year
of Maturity
June 30,
2023		December 31,
2022
    (in millions)
2018 Tool Equipment Purchase and Lease FinancingUSD
SOFR + 1.60%
2023$— $19 
2019 Tool Equipment Purchase and Lease FinancingUSD
SOFR+ 1.75%
202464 85 
2019 USD Dresden Equipment FinancingUSD
SOFR + 1.75%
202436 36 
2020 USD Equipment FinancingUSD
SOFR + 1.90%
202559 59 
2019 EUR Dresden Equipment FinancingEUR
EURIBOR + 1.75%
202614 13 
USD Term Loan AUSD
SOFR + 2.90%
202533 — 
EUR Term Loan AEUR
EURIBOR + 2.60%
20255 — 
VariousEUR, USDVarious2024-202610 11 
Current total$221 $223 
 
2019 Tool Equipment Purchase and Lease FinancingUSD
SOFR + 1.75%
2024— 21 
2019 USD Dresden Equipment FinancingUSD
SOFR + 2.25%
202690 108 
2020 USD Equipment FinancingUSD
SOFR + 1.90%
202563 93 
USD Term Loan AUSD
SOFR + 2.90%
2025617 649 
EUR Term Loan AEUR
EURIBOR + 2.60%
202585 89 
2019 EUR Dresden Equipment FinancingEUR
EURIBOR + 1.75%
2026385 387 
2021 SGD EDB LoanSGD1.40%2041953 923 
VariousEUR, USDVarious2024-202715 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.