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Debt (Tables) | 6 Months Ended
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Jun. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The Company's debt consists of the following (in millions):
|  | Weighted Average Effective Interest Rate at June 30, 2023 |  | Weighted Average Stated Interest Rate at June 30, 2023 |  | Fixed or Floating Interest Rate |  | Maturity |  | June 30, 2023 |  | December 31, 2022
Senior Notes |  |  |  |  |  |  |  |  |  |  |  |
2027 Notes |  | 5.61% |  | 5.50% |  | Fixed |  | 2027 |  | $ | 1,200 |  |  | $ | 1,200 |
Other Debt |  |  |  |  |  |  |  |  |  |  |  |
ABL Credit Facility |  | N/A |  | 6.72% |  | Floating |  | 2027 |  | 1,928 |  |  | 1,340 |
AR Facility |  | N/A |  | 5.93% |  | Floating |  | 2023 |  | 320 |  |  | 335 |
Finance lease liabilities |  | 3.45% |  | N/A |  | Fixed |  | 2023-2030 |  | 62 |  |  | 64 |
Unamortized Debt Issuance Costs(a) |  | (5) |  |  | (5) |
Total debt |  | 3,505 |  |  | 2,934 |
Less: Current maturities of long-term debt |  | (12) |  |  | (12) |
Long-term debt, net |  | $ | 3,493 |  |  | $ | 2,922 |
(a) Unamortized debt issuance costs totaling $9 million and $10 million related to the ABL Credit Facility and AR Facility (as each is defined below) as of June 30, 2023 and December 31, 2022, respectively, are included in "Other long-term assets" in the condensed consolidated balance sheets.
Schedule of Borrowing Capacity and Availability on Line of Credit | After outstanding borrowings, the following was available to the Company under the ABL Credit Facility and AR Facility as of June 30, 2023 (in millions):
| Remaining Capacity |  | Availability Under Borrowing Base Limitation
ABL Credit Facility | $ | 1,547 |  |  | $ | 1,406 |
AR Facility | 15 |  |  | 10 |
Total | $ | 1,562 |  |  | $ | 1,416 |

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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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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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