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FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2023

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:

												June 30, 2023												December 31, 2022
(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:
2022 Amended Credit Agreement
2027 Revolving Credit Facility						February 2027						$	245					$	245					$	470					$	470
February 2027 Term Loan B Facility						February 2027						2,375						2,336						2,437						2,392
AR Credit Facility						January 2028						—						—						—						—
B+L Credit Facilities
B+L Revolving Credit Facility						May 2027						200						200						—						—
B+L Term Facility						May 2027						2,475						2,433						2,488						2,439
Senior Secured Notes:
5.50% Secured Notes						November 2025						1,680						1,673						1,680						1,672
6.125% Secured Notes						February 2027						1,000						989						1,000						987
5.75% Secured Notes						August 2027						500						496						500						496
4.875% Secured Notes						June 2028						1,600						1,585						1,600						1,583
11.00% First Lien Secured Notes						September 2028						1,774						2,740						1,774						2,826
14.00% Second Lien Secured Notes						October 2030						352						687						352						711
9.00% Intermediate Holdco Secured Notes						January 2028						999						1,397						999						1,423
Senior Unsecured Notes:
9.00%						December 2025						959						952						959						951
9.25%						April 2026						741						737						741						737
8.50%						January 2027						643						644						643						644
7.00%						January 2028						171						170						171						170
5.00%						January 2028						433						430						433						429
6.25%						February 2029						821						813						821						813
5.00%						February 2029						452						448						452						448
7.25%						May 2029						337						334						337						334
5.25%						January 2030						779						772						779						771
5.25%						February 2031						462						459						462						458
Other						Various						12						12						12						12
Total long-term debt and other												$	19,010					20,552						$	19,110					20,766
Less: Current portion of long-term debt and other																		444												432
Non-current portion of long-term debt																		$	20,108											$	20,334

Schedule of long-term debt maturities

Maturities of debt obligations for the remainder of 2023, the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
Remainder of 2023			$	75
2024			150
2025			2,789
2026			891
2027			6,913
2028			4,990
Thereafter			3,202
Total debt obligations			19,010
Unamortized premiums, discounts and issuance costs			1,542
Total long-term debt and other			$	20,552

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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

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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