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v3.24.1.u1

Long-Term Debt - Outstanding Debt (Details) - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Face Value |  | $ 3,918 |
Unamortized debt discount/premium and deferred financing costs, net |  | (44) |
Book Value |  | 3,874 | $ 3,874
Less: current portion of long-term debt |  | (22) | (22)
Long-term debt, excluding current portion |  | 3,852 | 3,852
Fair value of debt | [1] | $ 3,963 |
Senior Notes | 2028 Unsecured Notes |  |  |
Debt Instrument [Line Items] |  |  |
Rate(s) |  | 7.00% |
Face Value |  | $ 700 |
Unamortized debt discount/premium and deferred financing costs, net |  | (6) |
Book Value |  | $ 694 | 694
Senior Notes | 2029 Unsecured Notes |  |  |
Debt Instrument [Line Items] |  |  |
Rate(s) |  | 7.25% |
Face Value |  | $ 500 |
Unamortized debt discount/premium and deferred financing costs, net |  | (5) |
Book Value |  | $ 495 | 495
Senior Notes | 2031 Unsecured Notes |  |  |
Debt Instrument [Line Items] |  |  |
Rate(s) |  | 7.50% |
Face Value |  | $ 550 |
Unamortized debt discount/premium and deferred financing costs, net |  | (7) |
Book Value |  | 543 | 543
Capital Lease Obligations | Other |  |  |
Debt Instrument [Line Items] |  |  |
Face Value |  | 1 |
Unamortized debt discount/premium and deferred financing costs, net |  | 0 |
Book Value |  | 1 | 1
Revolving Credit Facility | Secured Debt | LNWI Revolver |  |  |
Debt Instrument [Line Items] |  |  |
Face Value |  | 0 |
Unamortized debt discount/premium and deferred financing costs, net |  | 0 |
Book Value |  | 0 | 0
Revolving Credit Facility | Secured Debt | LNWI Term Loan B |  |  |
Debt Instrument [Line Items] |  |  |
Face Value |  | 2,167 |
Unamortized debt discount/premium and deferred financing costs, net |  | (26) |
Book Value |  | $ 2,141 | $ 2,141
[1] | (1) Fair value of our fixed rate and variable interest rate debt is classified within Level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.

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