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v3.23.3

FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 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:
|  |  |  | September 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 |  | $ | — |  |  | $ | — |  |  | $ | 470 |  |  | $ | 470 |
February 2027 Term Loan B Facility |  | February 2027 |  | 2,343 |  |  | 2,308 |  |  | 2,437 |  |  | 2,392 |
AR Credit Facility |  | January 2028 |  | 350 |  |  | 350 |  |  | — |  |  | — |
B+L Credit Facilities |  |  |  |  |  |  |  |  |  |
B+L Revolving Credit Facility |  | May 2027 |  | 175 |  |  | 175 |  |  | — |  |  | — |
B+L May 2027 Term Loan B Facility |  | May 2027 |  | 2,469 |  |  | 2,429 |  |  | 2,488 |  |  | 2,439 |
B+L September 2028 Term Loan B Facility |  | September 2028 |  | 500 |  |  | 488 |  |  | — |  |  | — |
Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
5.50% Secured Notes |  | November 2025 |  | 1,680 |  |  | 1,674 |  |  | 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 |
B+L Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
B+L 8.375% Secured Notes |  | October 2028 |  | 1,400 |  |  | 1,376 |  |  | — |  |  | — |
9.00% Intermediate Holdco Secured Notes |  | January 2028 |  | 999 |  |  | 1,358 |  |  | 999 |  |  | 1,423 |
Senior Unsecured Notes: |  |  |  |  |  |  |  |  |  |
9.00% |  | December 2025 |  | 959 |  |  | 953 |  |  | 959 |  |  | 951 |
9.25% |  | April 2026 |  | 741 |  |  | 738 |  |  | 741 |  |  | 737 |
8.50% |  | January 2027 |  | 643 |  |  | 644 |  |  | 643 |  |  | 644 |
7.00% |  | January 2028 |  | 171 |  |  | 171 |  |  | 171 |  |  | 170 |
5.00% |  | January 2028 |  | 433 |  |  | 430 |  |  | 433 |  |  | 429 |
6.25% |  | February 2029 |  | 821 |  |  | 814 |  |  | 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 |  |  |  | $ | 20,952 |  |  | 22,430 |  |  | $ | 19,110 |  |  | 20,766 |
Less: Current portion of long-term debt and other |  |  |  | 536 |  |  |  |  | 432 |
Non-current portion of long-term debt |  |  |  |  |  | $ | 21,894 |  |  |  |  | $ | 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 | $ | 39 |
2024 | 155 |
2025 | 2,794 |
2026 | 896 |
2027 | 6,648 |
2028 | 7,218 |
Thereafter | 3,202 |
Total debt obligations | 20,952 |
Unamortized premiums, discounts and issuance costs | 1,478 |
Total long-term debt and other | $ | 22,430 |

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