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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2026
Long-Term Debt [Abstract]  
Schedule of Long-Term Debt

Long-term debt is summarized in the following table:

 

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

(In millions)

 

2026

 

 

2025

 

Term Loan A maturing in 2029(1)

 

$

 

382

 

 

$

 

392

 

Term Loan B maturing in 2031(2)

 

 

 

778

 

 

 

 

781

 

Revolving Credit Facility maturing in 2029

 

 

 

—

 

 

 

 

—

 

Total debt

 

 

 

1,160

 

 

 

 

1,173

 

Less current portion

 

 

 

(29

)

 

 

 

(29

)

Total long-term debt

 

$

 

1,131

 

 

$

 

1,144

 

 

(1)
Term Loan A is presented net of unamortized debt issuance costs of $4 million and $5 million as of June 30, 2026 and December 31, 2025, respectively.
(2)
Term Loan B is presented net of unamortized debt issuance costs of $8 million and $9 million as of June 30, 2026 and December 31, 2025, respectively, and unamortized discount of $2 million as of June 30, 2026 and December 31, 2025.
Scheduled Debt Payments

The following table presents future scheduled debt payments as of June 30, 2026:

 

(In millions)

 

 

 

 

2026 (remainder)

 

$

 

14

 

2027

 

 

 

29

 

2028

 

 

 

29

 

2029

 

 

 

342

 

2030

 

 

 

8

 

Thereafter

 

 

 

752

 

Total future scheduled debt payments

 

 

 

1,174

 

Less unamortized debt issuance costs

 

 

 

(13

)

Less unamortized discount

 

 

 

(2

)

Total debt

 

$

 

1,160