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v3.24.3

FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
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, 2024 |  | December 31, 2023
(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 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
February 2027 Term Loan B Facility |  | February 2027 |  | 2,218 |  |  | 2,195 |  |  | 2,312 |  |  | 2,279 |
AR Credit Facility |  | January 2028 |  | 300 |  |  | 300 |  |  | 350 |  |  | 350 |
B+L Credit Facilities |  |  |  |  |  |  |  |  |  |
B+L Revolving Credit Facility |  | May 2027 |  | 350 |  |  | 350 |  |  | 275 |  |  | 275 |
B+L May 2027 Term Loan B Facility |  | May 2027 |  | 2,444 |  |  | 2,415 |  |  | 2,462 |  |  | 2,426 |
B+L September 2028 Term Loan B Facility |  | September 2028 |  | 495 |  |  | 485 |  |  | 499 |  |  | 487 |
Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
5.50% Secured Notes |  | November 2025 |  | 1,680 |  |  | 1,677 |  |  | 1,680 |  |  | 1,675 |
6.125% Secured Notes |  | February 2027 |  | 1,000 |  |  | 993 |  |  | 1,000 |  |  | 990 |
5.75% Secured Notes |  | August 2027 |  | 500 |  |  | 497 |  |  | 500 |  |  | 497 |
4.875% Secured Notes |  | June 2028 |  | 1,600 |  |  | 1,588 |  |  | 1,600 |  |  | 1,586 |
11.00% First Lien Secured Notes |  | September 2028 |  | 1,774 |  |  | 2,481 |  |  | 1,774 |  |  | 2,654 |
14.00% Second Lien Secured Notes |  | October 2030 |  | 352 |  |  | 644 |  |  | 352 |  |  | 666 |
B+L Senior Secured Notes: |  |  |  |  |  |  |  |  |  |
B+L 8.375% Secured Notes |  | October 2028 |  | 1,400 |  |  | 1,381 |  |  | 1,400 |  |  | 1,377 |
9.00% Intermediate Holdco Secured Notes |  | January 2028 |  | 999 |  |  | 1,279 |  |  | 999 |  |  | 1,358 |
Senior Unsecured Notes: |  |  |  |  |  |  |  |  |  |
9.00% |  | December 2025 |  | 535 |  |  | 533 |  |  | 955 |  |  | 950 |
9.25% |  | April 2026 |  | 602 |  |  | 601 |  |  | 737 |  |  | 734 |
8.50% |  | January 2027 |  | 643 |  |  | 643 |  |  | 643 |  |  | 644 |
7.00% |  | January 2028 |  | 171 |  |  | 171 |  |  | 171 |  |  | 170 |
5.00% |  | January 2028 |  | 433 |  |  | 431 |  |  | 433 |  |  | 430 |
6.25% |  | February 2029 |  | 821 |  |  | 815 |  |  | 821 |  |  | 814 |
5.00% |  | February 2029 |  | 452 |  |  | 449 |  |  | 452 |  |  | 448 |
7.25% |  | May 2029 |  | 336 |  |  | 335 |  |  | 337 |  |  | 334 |
5.25% |  | January 2030 |  | 779 |  |  | 773 |  |  | 779 |  |  | 773 |
5.25% |  | February 2031 |  | 463 |  |  | 459 |  |  | 463 |  |  | 459 |
Other |  | Various |  | 12 |  |  | 12 |  |  | 12 |  |  | 12 |
Total long-term debt and other |  |  |  | $ | 20,359 |  |  | 21,507 |  |  | $ | 21,006 |  |  | 22,388 |
Less: Current portion of long-term debt |  |  |  | 453 |  |  |  |  | 450 |
Non-current portion of long-term debt and other |  |  |  | $ | 21,054 |  |  |  |  | $ | 21,938 |
Schedule of long-term debt maturities | Maturities of debt obligations for the remainder of 2024, the five succeeding years ending December 31 and thereafter are as follows:
(in millions) |
Remainder of 2024 | $ | 39 |
2025 | 2,370 |
2026 | 757 |
2027 | 6,823 |
2028 | 7,168 |
2029 | 1,609 |
Thereafter | 1,593 |
Total debt obligations | 20,359 |
Unamortized premiums, discounts and issuance costs | 1,148 |
Total long-term debt and other | $ | 21,507 |

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