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DEBT (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Long-term debt | As of March 31, 2020 and December 31, 2019, our long-term debt consisted of the following credit agreements, Second Lien Notes and Senior Notes:
| Outstanding Principal |  | Interest Rate |  | Maturity |  | Security
| March 31, 2020 |  | December 31, 2019 |  |  |  |  |  |
Credit Agreements | (in millions) |  |  |  |  |  |
2014 Revolving Credit Facility | $ | 507 |  |  | $ | 518 |  |  | LIBOR plus 3.25%-4.00% ABR plus 2.25%-3.00% |  | June 30, 2021 |  | Shared First-Priority Lien
2017 Credit Agreement | 1,300 |  |  | 1,300 |  |  | LIBOR plus 4.75% ABR plus 3.75% |  | December 31, 2022(a) |  | Shared First-Priority Lien
2016 Credit Agreement | 1,000 |  |  | 1,000 |  |  | LIBOR plus 10.375% ABR plus 9.375% |  | December 31, 2021 |  | First-Priority Lien
Second Lien Notes |  |  |  |  |  |  |  |  |
Second Lien Notes | 1,809 |  |  | 1,815 |  |  | 8% |  | December 15, 2022(b) |  | Second-Priority Lien
Senior Notes |  |  |  |  |  |  |  |  |
5% Senior Notes due 2020 | — |  |  | 100 |  |  | 5% |  | January 15, 2020 |  | Unsecured
5½% Senior Notes due 2021 | 100 |  |  | 100 |  |  | 5.5% |  | September 15, 2021 |  | Unsecured
6% Senior Notes due 2024 | 144 |  |  | 144 |  |  | 6% |  | November 15, 2024 |  | Unsecured
Total Long-Term Debt | $ | 4,860 |  |  | $ | 4,977 |  |  |  |  |  |  |
Note: | For a detailed description of our credit agreements, Second Lien Notes and Senior Notes, please see our most recent Form 10-K for the year ended December 31, 2019.
(a) | The 2017 Credit Agreement is subject to a springing maturity of 91 days prior to the maturity of our 2016 Credit Agreement if more than $100 million in principal of the 2016 Credit Agreement is outstanding at that time.
(b) | The Second Lien Notes require principal repayments of $286 million in June 2021, $57 million in December 2021, $60 million in June 2022 and $1,406 million in December 2022.
Schedule of Net Deferred Gain and Issuance Costs | As of March 31, 2020 and December 31, 2019, net deferred gain and issuance costs consisted of the following:
| March 31, 2020 |  | December 31, 2019
| (in millions)
Deferred gain | $ | 193 |  |  | $ | 211 |
Issuance costs and original issue discounts | (58 | ) |  | (65 | )
Net deferred gain and issuance costs | $ | 135 |  |  | $ | 146 |

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