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Debt and Other Credit Facilities (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Debt | Our outstanding debt consisted of the following at the dates indicated:
Dollars in millions | December 31, 2021 |  | December 31, 2020
Term Loan A | 441 |  |  | 285 |
Term Loan B | 511 |  |  | 516 |
Convertible Senior Notes | 350 |  |  | 350 |
Senior Notes | 250 |  |  | 250 |
Senior Credit Facility | 364 |  |  | 260 |
Unamortized debt issuance costs - Term Loan A | (4) |  |  | (4) |
Unamortized debt issuance costs and discount - Term Loan B | (13) |  |  | (16) |
Unamortized debt issuance costs and discount - Convertible Senior Notes | (27) |  |  | (40) |
Unamortized debt issuance costs and discount - Senior Notes | (4) |  |  | (5) |
Total debt | 1,868 |  |  | 1,596 |
Less: current portion | 16 |  |  | 12 |
Total long-term debt, net of current portion | $ | 1,852 |  |  | $ | 1,584 |
The details of the applicable margins and commitment fees under the amended Senior Credit Facility are based on the Company's consolidated net leverage ratio as follows:
|  | Revolver and Term Loan A |  |  |  |
Consolidated Net Leverage Ratio |  | Reference Rate (a) |  | Base Rate |  |  |  | Commitment Fee
Greater than or equal to 4.25 to 1.00 |  | 2.25 | % |  | 1.25 | % |  |  |  | 0.33 | %
Less than 4.25 to 1.00 but greater than or equal to 3.25 to 1.00 |  | 2.00 | % |  | 1.00 | % |  |  |  | 0.30 | %
Less than 3.25 to 1.00 but greater than or equal to 2.25 to 1.00 |  | 1.75 | % |  | 0.75 | % |  |  |  | 0.28 | %
Less than 2.25 to 1.00 but greater than or equal to 1.25 to 1.00 |  | 1.50 | % |  | 0.50 | % |  |  |  | 0.25 | %
Less than 1.25 to 1.00 |  | 1.25 | % |  | 0.25 | % |  |  |  | 0.23 | %
(a)The reference rate for the Revolver and the U.S. dollar tranche is LIBOR, the Australian dollar tranche is BBSY and the British pound sterling tranche is SONIA.
Summary of Combined Principal Installments for Both Classes of Bonds and Subordinated Notes | The following table summarizes the combined principal installments for both classes of bonds and subordinated notes, including inflation adjusted bond indexation, until maturity in 2025 as of December 31, 2021:
Dollars in millions | Payments Due
2022 | $ | 1 |
2023 | $ | — |
2024 | $ | 1 |
2025 | $ | — |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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