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LONG TERM DEBT
 9 Months Ended
Sep. 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:

DescriptionCurrencyNominal Interest Rate
Year
of Maturity
September 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%
202442 85 
2019 USD Dresden Equipment FinancingUSD
SOFR + 1.75%
202436 36 
2020 USD Equipment FinancingUSD
SOFR + 1.90%
202560 59 
2019 EUR Dresden Equipment FinancingEUR
EURIBOR + 1.75%
202613 13 
USD Term Loan AUSD
SOFR + 2.90%
202531 — 
EUR Term Loan AEUR
EURIBOR + 2.60%
20254 — 
VariousEUR, USDVarious2024-202613 11 
Current total$199 $223 
 
2019 Tool Equipment Purchase and Lease FinancingUSD
SOFR + 1.75%
2024— 21 
2019 USD Dresden Equipment FinancingUSD
SOFR + 2.25%
202691 108 
2020 USD Equipment FinancingUSD
SOFR + 1.90%
202549 93 
USD Term Loan AUSD
SOFR + 2.90%
2025618 649 
EUR Term Loan AEUR
EURIBOR + 2.60%
202583 89 
2019 EUR Dresden Equipment FinancingEUR
EURIBOR + 1.75%
2026376 387 
2021 SGD EDB LoanSGD1.40%2041950 923 
VariousEUR, USDVarious2024-202714 18 
Noncurrent total $2,181 $2,288 
Total $2,380 $2,511 
The following table summarizes unutilized credit facilities available to the Company to maintain liquidity necessary to fund operations:

(in millions)September 30,
2023		December 31,
2022
Revolving Credit Facility$1,011 $1,012
SGD EDB Loan— 42
Uncommitted Credit Facilities(1)
41 64
Total$1,052 $1,118 

(1) Subject to lender approval before draw-down or being usable.