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Debt (Tables)
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Maturities of Long-Term Debt
As of September 30, 2019, contractual maturities of debt were as follows. All amounts represent the principal amounts due on the debt instruments outstanding as of December 31 for each year presented, based on September 30, 2019 balances.
 
Total
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
(In millions)
5.375% Notes
$
700

 
$

 
$

 
$
700

 
$

 
$

 
$

4.875% Notes
330

 

 

 

 

 

 
330

Term Loan Facility
220

 
6

 
16

 
22

 
22

 
154

 

1.125% Convertible Notes
12

 
12

 

 

 

 

 

Totals
$
1,262

 
$
18

 
$
16

 
$
722

 
$
22

 
$
154

 
$
330


Schedule of Long-Term Debt The following table summarizes our outstanding debt obligations and their classification in the accompanying consolidated balance sheets:
 
September 30,
2019
 
December 31,
2018
 
(In millions)
Current portion of long-term debt:
 
 
 
1.125% Convertible Notes, net of unamortized discount
$
12

 
$
241

Term Loan Facility
3

 

Lease financing obligations

 
1

Debt issuance costs

 
(1
)
 
$
15

 
$
241

Non-current portion of long-term debt:
 
 
 
5.375% Notes
$
700

 
$
700

4.875% Notes
330

 
330

Term Loan Facility
217

 

Debt issuance costs
(8
)
 
(10
)
Totals
$
1,239

 
$
1,020


Interest Costs
Interest cost recognized relating to our convertible senior notes for the periods presented was as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In millions)
Contractual interest at coupon rate
$

 
$
1

 
$
1

 
$
5

Amortization of the discount
1

 
5

 
5

 
18

Totals
$
1

 
$
6

 
$
6

 
$
23