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Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt

						December 31, 2022												December 31, 2021
(In millions)						Principal Balance						Carrying Value						Principal Balance						Carrying Value
Term loan facilities						$	2,003					$	1,981					$	2,003					$	1,977
6.25% Senior notes due 2025						112						111						1,150						1,141
6.70% Senior debentures due 2034						300						217						300						214
Finance leases, asset financing and other						223						223						239						239
Total debt						2,638						2,532						3,692						3,571
Short-term borrowings and current maturities of long-term debt						59						59						58						58
Long-term debt						$	2,579					$	2,473					$	3,634					$	3,513

Schedule of Fair Value of Debt

The fair value hierarchy of cash equivalents was as follows:

(In millions)						Carrying Value						Fair Value						Level 1
December 31, 2022						$	402					$	402					$	402
December 31, 2021						181						181						181

The fair value of our debt and classification in the fair value hierarchy was as follows:

(In millions)						Fair Value						Level 1						Level 2
December 31, 2022						$	2,601					$	392					$	2,209
December 31, 2021						3,811						1,571						2,240

Schedule of Maturities of Long-term Debt

Our principal payment obligations on debt (excluding finance leases and asset financing) for the next five years and thereafter was as follows:

(In millions)						2023						2024						2025						2026						2027						Thereafter
Principal payments on debt						$	—					$	—					$	2,116					$	—					$	1					$	301

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