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FINANCING ARRANGEMENTS (Tables)

12 Months Ended

Dec. 31, 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 as of December 31, 2024 and 2023 consists of the following:

												2024												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						2,187						2,166						2,312						2,279
AR Credit Facility						January 2028						300						300						350						350
B+L Credit Facilities
B+L Revolving Credit Facility						May 2027						110						110						275						275
B+L May 2027 Term Loan B Facility						May 2027						2,437						2,412						2,462						2,426
B+L May 2027 Incremental Term Loan B Facility						May 2027						400						396						—						—
B+L September 2028 Term Loan B Facility						September 2028						494						486						499						487
Senior Secured Notes:
5.500% Secured Notes						November 2025						1,680						1,678						1,680						1,675
6.125% Secured Notes						February 2027						1,000						993						1,000						990
5.750% Secured Notes						August 2027						500						498						500						497
4.875% Secured Notes						June 2028						1,600						1,589						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						622						352						666
B+L Senior Secured Notes:
B+L 8.375% Secured Notes						October 2028						1,400						1,382						1,400						1,377
9.00% Intermediate Holdco Secured Notes						January 2028						999						1,279						999						1,358
Senior Unsecured Notes:
9.000%						December 2025						535						533						955						950
9.250%						April 2026						602						601						737						734
8.500%						January 2027						643						643						643						644
7.000%						January 2028						171						171						171						170
5.000%						January 2028						433						431						433						430
6.250%						February 2029						821						816						821						814
5.000%						February 2029						452						449						452						448
7.250%						May 2029						336						335						337						334
5.250%						January 2030						779						774						779						773
5.250%						February 2031						463						459						463						459
Other						Various						12						12						12						12
Total long-term debt and other												$	20,480					21,616						$	21,006					22,388
Less: Current portion of long-term debt and other																		2,674												450
Non-current portion of long-term debt																		$	18,942											$	21,938

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)
2025			$	2,380
2026			767
2027			6,963
2028			7,168
2029			1,609
Thereafter			1,593
Total debt obligations			20,480
Unamortized premiums, discounts and issuance costs			1,136
Total long-term debt and other			$	21,616

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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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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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