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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Maturities of long-term debt
Contractual maturities of debt, as of December 31, 2020, are illustrated in the following table. All amounts represent the principal amounts of the debt instruments outstanding.
Total20212022202320242025Thereafter
(In millions)
4.375% Notes due 2028
$800 $— $— $— $— $— $800 
5.375% Notes due 2022
700 — 700 — — — — 
3.875% Notes due 2030
650 — — — — — 650 
Total$2,150 $— $700 $— $— $— $1,450 
Long term debt The following table summarizes our outstanding debt obligations and their classification in the accompanying consolidated balance sheets:
December 31,
20202019
(In millions)
Current portion of long-term debt:
1.125% Convertible Notes, net of unamortized discount
$— $12 
Term loan facility— 
Total (1)
$— $18 
Non-current portion of long-term debt:
4.375% Notes due 2028
$800 $— 
5.375% Notes due 2022
700 700 
3.875% Notes due 2030
650 — 
4.875% Notes due 2025
— 330 
Term loan facility— 214 
Less: debt issuance costs (23)(7)
Total$2,127 $1,237 
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(1)Reported in “Accounts payable, accrued liabilities and other.”