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Debt (Tables)

6 Months Ended

Jun. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

						June 30, 2025												December 31, 2024
(In millions)						Principal Balance						Carrying Value						Principal Balance						Carrying Value
Term loan facility						$	1,100					$	1,092					$	1,100					$	1,089
6.25% senior secured notes due 2028						830						824						830						823
7.125% senior notes due 2031						450						446						450						445
7.125% senior notes due 2032						585						577						585						576
6.70% senior debentures due 2034						300						227						300						225
Finance leases, asset financing and other						242						242						228						228
Total debt						3,507						3,408						3,493						3,387
Short-term borrowings and current maturities of long-term debt						63						63						62						62
Long-term debt						$	3,444					$	3,344					$	3,431					$	3,325

Schedule of Fair Value of Debt

The fair value hierarchy of cash equivalents was as follows:

(In millions)						Carrying Value						Fair Value						Level 1
June 30, 2025						$	196					$	196					$	196
December 31, 2024						205						205						205

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

(In millions)						Fair Value						Level 1						Level 2
June 30, 2025						$	3,593					$	2,246					$	1,346
December 31, 2024						3,541						2,223						1,318

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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