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DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Outstanding

The following is a summary of long-term debt:

																		Maturity						June 30,						December 31,
Title						Type						Interest Rate						Date						2024						2023
																								(millions)
2029 Notes						Senior Notes (a)						4.125%						2029						$	1,100					$	1,100
2031 Notes						Senior Notes (a)						4.375%						2031						1,000						1,000
2032 Notes						Senior Secured Notes (b)						4.300%						2032						600						600
Term Loan Facility						Term Loan Facility						Variable (c)						2028						399						399
Long-term debt principal																								3,099						3,099
Unamortized debt discount																								(2)						(2)
Unamortized debt issuance costs																								(29)						(32)
Long-term debt, net																								$	3,068					$	3,065

______________________________

(a) Interest payable semi-annually in arrears each June 15 and December 15.

(b) Interest payable semi-annually in arrears each April 15 and October 15.

(c) Variable rate is SOFR plus 2.11% for a one-month interest period as of June 30, 2024.

Schedule of Availability Under the Revolving Credit Facility

The following table presents the availability under the Revolving Credit Facility:

			June 30,
			2024
			(millions)
Total availability
Revolving Credit Facility, expiring October 2027			$	1,000
Amounts outstanding
Revolving Credit Facility borrowings (a)			70
Letters of credit			16
			86
Net availability			$	914

______________________________

(a) The weighted average interest rate for Revolving Credit Facility borrowings outstanding was 6.69% as of June 30, 2024.

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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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