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LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT BORROWINGS (Tables)
12 Months Ended
Dec. 31, 2021
Line of Credit Facility [Abstract]  
Schedule of Debt
As of December 31, 2021 and 2020, long-term debt consisted of the following:
(in millions)December 31, 2021December 31, 2020
2018 Term Loan A$ $370 
2029 Notes500  
Principal amount500 370 
Deferred issuance costs(5)— 
Less: current portion (22)
Long-term debt, noncurrent$495 $348 
Annual contractual interest rate3.50 %1.77 %
Effective interest rate3.67 %1.87 %