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FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 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 as of December 31, 2023 and 2022 consists of the following:

												2023												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						2,312						2,279						2,437						2,392
AR Credit Facility						January 2028						350						350						—						—
B+L Credit Facilities
B+L Revolving Credit Facility						May 2027						275						275						—						—
B+L May 2027 Term Loan B Facility						May 2027						2,462						2,426						2,488						2,439
B+L September 2028 Term Loan B Facility						September 2028						499						487						—						—
Senior Secured Notes:
5.500% Secured Notes						November 2025						1,680						1,675						1,680						1,672
6.125% Secured Notes						February 2027						1,000						990						1,000						987
5.750% Secured Notes						August 2027						500						497						500						496
4.875% Secured Notes						June 2028						1,600						1,586						1,600						1,583
11.00% First Lien Secured Notes						September 2028						1,774						2,654						1,774						2,826
14.00% Second Lien Secured Notes						October 2030						352						666						352						711
B+L Senior Secured Notes:
B+L 8.375% Secured Notes						October 2028						1,400						1,377						—						—
9.00% Intermediate Holdco Secured Notes						January 2028						999						1,358						999						1,423
Senior Unsecured Notes:
9.000%						December 2025						955						950						959						951
9.250%						April 2026						737						734						741						737
8.500%						January 2027						643						644						643						644
7.000%						January 2028						171						170						171						170
5.000%						January 2028						433						430						433						429
6.250%						February 2029						821						814						821						813
5.000%						February 2029						452						448						452						448
7.250%						May 2029						337						334						337						334
5.250%						January 2030						779						773						779						771
5.250%						February 2031						463						459						462						458
Other						Various						12						12						12						12
Total long-term debt and other												$	21,006					22,388						$	19,110					20,766
Less: Current portion of long-term debt and other																		450												432
Non-current portion of long-term debt																		$	21,938											$	20,334

Schedule of aggregate maturities of long-term debt

Maturities and mandatory payments of debt obligations for the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
2024			$	155
2025			2,790
2026			892
2027			6,748
2028			7,219
Thereafter			3,202
Total debt obligations			21,006
Unamortized premiums, discounts and issuance costs			1,382
Total long-term debt and other			$	22,388

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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.

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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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