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v3.22.2.2

FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of long-term debt | Principal amounts of debt obligations and principal amounts of debt obligations net of premiums, discounts and issuance costs consist of the following:
|  |  |  | September 30, 2022 |  | December 31, 2021
(in millions) |  | Maturity |  | Principal Amount |  | Net of Premiums, Discounts and Issuance Costs |  | Principal Amount |  | Net of Premiums, Discounts and Issuance Costs
Senior Secured Credit Facilities: |  |  |  |  |  |  |  |  |  |
2018 Restated Credit Agreement |  |  |  |  |  |  |  |  |  |
2023 Revolving Credit Facility |  | June 2023 |  | $ | — |  |  | $ | — |  |  | $ | 285 |  |  | $ | 285 |
June 2025 Term Loan B Facility |  | June 2025 |  | — |  |  | — |  |  | 2,829 |  |  | 2,772 |
November 2025 Term Loan B Facility |  | November 2025 |  | — |  |  | — |  |  | 994 |  |  | 984 |
2022 Amended Credit Agreement |  |  |  |  |  |  |  |  |  |
2027 Revolving Credit Facility |  | February 2027 |  | 450 |  |  | 450 |  |  | — |  |  | — |
February 2027 Term Loan B Facility |  | February 2027 |  | 2,469 |  |  | 2,419 |  |  | — |  |  | — |
B+L Credit Facilities |  |  |  |  |  |  |  |  |  |
B+L Revolving Credit Facility |  | May 2027 |  | — |  |  | — |  |  | — |  |  | — |
B+L Term Facility |  | May 2027 |  | 2,494 |  |  | 2,442 |  |  | — |  |  | — |
Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
5.50% Secured Notes |  | November 2025 |  | 1,750 |  |  | 1,741 |  |  | 1,750 |  |  | 1,739 |
6.125% Secured Notes |  | February 2027 |  | 1,000 |  |  | 986 |  |  | — |  |  | — |
5.75% Secured Notes |  | August 2027 |  | 500 |  |  | 496 |  |  | 500 |  |  | 495 |
4.875% Secured Notes |  | June 2028 |  | 1,600 |  |  | 1,582 |  |  | 1,600 |  |  | 1,580 |
11.00% First Lien Secured Notes |  | September 2028 |  | 1,774 |  |  | 2,826 |  |  | — |  |  | — |
14.00% Second Lien Secured Notes |  | October 2030 |  | 352 |  |  | 711 |  |  | — |  |  | — |
9.00% Intermediate Holdco Secured Notes |  | January 2028 |  | 999 |  |  | 1,423 |  |  | — |  |  | — |
Senior Unsecured Notes: |  |  |  |  |  |  |  |  |  |
6.125% |  | April 2025 |  | — |  |  | — |  |  | 2,650 |  |  | 2,640 |
9.00% |  | December 2025 |  | 959 |  |  | 950 |  |  | 1,500 |  |  | 1,482 |
9.25% |  | April 2026 |  | 748 |  |  | 743 |  |  | 1,500 |  |  | 1,489 |
8.50% |  | January 2027 |  | 651 |  |  | 652 |  |  | 1,750 |  |  | 1,754 |
7.00% |  | January 2028 |  | 208 |  |  | 207 |  |  | 750 |  |  | 743 |
5.00% |  | January 2028 |  | 466 |  |  | 462 |  |  | 1,250 |  |  | 1,238 |
6.25% |  | February 2029 |  | 866 |  |  | 857 |  |  | 1,500 |  |  | 1,483 |
5.00% |  | February 2029 |  | 463 |  |  | 459 |  |  | 1,000 |  |  | 990 |
7.25% |  | May 2029 |  | 372 |  |  | 369 |  |  | 750 |  |  | 742 |
5.25% |  | January 2030 |  | 869 |  |  | 861 |  |  | 1,250 |  |  | 1,237 |
5.25% |  | February 2031 |  | 572 |  |  | 567 |  |  | 1,000 |  |  | 989 |
Other |  | Various |  | 12 |  |  | 12 |  |  | 12 |  |  | 12 |
Total long-term debt |  |  |  | $ | 19,574 |  |  | 21,215 |  |  | $ | 22,870 |  |  | 22,654 |
Less: Current portion of long-term debt |  |  |  | 411 |  |  |  |  | — |
Non-current portion of long-term debt |  |  |  |  |  | $ | 20,804 |  |  |  |  | $ | 22,654 |
Schedule of aggregate principal amounts of debt validly tendered and subsequently accepted | The aggregate principal amounts of the Existing Unsecured Senior Notes that were validly tendered and accepted by the Company in the Exchange Offer are set forth below:
(in millions) |  |  |  |
9.00% Senior Notes due 2025 |  | $ | 541 |  |  |
9.25% Senior Notes due 2026 |  | 752 |  |  |
8.50% Senior Notes due 2027 |  | 1,099 |  |  |
7.00% Senior Notes due 2028 |  | 540 |  |  |
5.00% Senior Notes due 2028 |  | 710 |  |  |
7.25% Senior Notes due 2029 |  | 373 |  |  |
6.25% Senior Notes due 2029 |  | 540 |  |  |
5.00% Senior Notes due 2029 |  | 371 |  |  |
5.25% Senior Notes due 2030 |  | 332 |  |  |
5.25% Senior Notes due 2031 |  | 336 |  |  |
Total |  | $ | 5,594 |  |  |
Schedule of long-term debt maturities | Maturities of debt obligations for the remainder of 2022, the five succeeding years ending December 31 and thereafter are as follows:
(in millions) |
Remainder of 2022 | $ | 38 |
2023 | 150 |
2024 | 150 |
2025 | 2,859 |
2026 | 898 |
2027 | 6,926 |
Thereafter | 8,553 |
Total debt obligations | 19,574 |
Unamortized premiums, discounts and issuance costs | 1,641 |
Total long-term debt and other | $ | 21,215 |

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- Definition Tabular disclosure of troubled debt restructuring which results when the debtor restructures the terms of its debt with a creditor due to the debtor's financial difficulties and the creditor grants certain concessions to obtain payment it might not otherwise receive. Includes a description of the principal changes in terms, the major features of settlement for each restructuring, the aggregate gain on restructuring and the related income tax effect, the per share amount of the total gain on restructuring, net of related income tax effect, and the total gain (loss) on transfers of assets recognized during the period. After the troubled debt restructuring has occurred debtors discuss the extent and amount to which amounts contingently payable are included in the carrying amount of restructured payables, and the conditions under which those amounts would become payable or would be forgiven when there is at least a reasonable possibility that a liability for contingent payments will be incurred. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 60 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6402221&loc=d3e15743-112638 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 60 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=6402221&loc=d3e15765-112638 + Details
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