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Long-Term Debt | 9 Months Ended
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Sep. 30, 2022
Long-Term Debt [Abstract] |
Long-Term Debt | Note 10. Long-Term Debt Long-term debt is summarized in the following table:
|  | As of
|  | September 30, |  | December 31,
(In millions) |  | 2022 |  | 2021
Term Loan A maturing in 2026(1) |  | $ | 242 |  | $ | 252
Term Loan B maturing in 2028(2) |  |  | 371 |  |  | 373
Revolving Credit Facility maturing in 2026(3) |  |  | — |  |  | —
Less current portion |  |  | (17) |  |  | (17)
Total long-term debt |  | $ | 596 |  | $ | 608
_______________________________ (1)As of September 30, 2022, and December 31, 2021, each presented net of $2 million in unamortized debt issuance costs. (2)As of September 30, 2022, and December 31, 2021, each presented net of $3 million in unamortized debt issuance costs and $2 million in unamortized original issue discount. (3)As of September 30, 2022, there were $2 million of letters of credit outstanding under our $250 million Revolving Credit Facility. The letters of credit are posted in lieu of cash to satisfy regulatory requirements in certain states in which we operate. The Credit Agreement contains covenants that limit or restrict our ability, including the ability of certain of our subsidiaries, to incur additional indebtedness, repurchase debt, incur liens, sell assets, make certain payments (including dividends) and enter into transactions with affiliates; therefore, from time to time, our ability to draw on the Revolving Credit Facility may be limited. As of September 30, 2022, the available borrowing capacity under the Revolving Credit Facility was limited by the applicable consolidated first lien leverage ratio contained in the Credit Agreement to $199 million. Scheduled Long-term Debt Payments As of September 30, 2022, future scheduled long-term debt payments are $4 million for the remainder of 2022, $17 million for each of the years ending December 31, 2023 through 2025, $205 million for the year ending December 31, 2026 and $4 million for the year ending December 31, 2027.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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