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DEBT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt Obligations

The following table summarizes the Company’s short-term borrowings and long-term debt:

						December 31, 2024									December 31, 2023
In millions, except percentages						Amount			Weighted-Average Interest Rate						Amount			Weighted-Average Interest Rate
Short-Term Borrowings
Current portion of Senior Secured Credit Facility(1)						$	—		—%						$	15		8.46%
			Total short-term borrowings			$	—								$	15
Long-Term Debt
Senior Secured Credit Facility:
			Term loan facilities(1)			$	—		—%						$	185		8.46%
			Revolving credit facility(1)			—			—%						98			9.07%
Senior Notes:
			5.000% Senior Notes due 2028			650									650
			5.125% Senior Notes due 2029			403									1,200
			5.250% Senior Notes due 2030			52									450
Deferred financing fees						(7)									(20)
			Total long-term debt			$	1,098								$	2,563

(1)Interest rates are weighted average interest rates as of December 31, 2024 and 2023.

Schedule of Maturities of Long-term Debt

Debt Maturities Maturities of debt outstanding, in principal amounts, at December 31, 2024 are summarized below:

												For the years ended December 31
In millions						Total						2025						2026						2027						2028						2029						Thereafter
Debt maturities						$	1,105					$	—					$	—					$	—					$	650					$	403					$	52

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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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