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LONG-TERM DEBT (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Long-term debt is summarized in the following table:
In millions | September 30, 2025 |  | December 31, 2024
Term Loan F - due 2027 (a) | $ | 255 |  |  | $ | 255 |
Term Loan F-2 - due 2031 (b) | 222 |  |  | 230 |
Term Loan A - due 2029 (c) | 209 |  |  | 217 |
Securitization Program | 100 |  |  | 88 |
Other | 15 |  |  | 14 |
Less: current portion | (23) |  |  | (22) |
Total | $ | 778 |  |  | $ | 782 |
(a) As of September 30, 2025 and December 31, 2024, presented net of $1 million and $2 million in unamortized debt issuance costs, respectively. (b) As of September 30, 2025 and December 31, 2024, presented net of $1 million and $2 million in unamortized debt issuance costs, respectively. (c) As of September 30, 2025 and December 31, 2024, presented net of $2 million and $2 million in unamortized debt issuance costs, respectively.
Schedule of Interest Rate Derivatives | In connection with some of the Company’s loans, we are a party to interest rate swaps with various counterparties. These interest rate swaps are designated as cash flow hedges utilized to manage interest rate risk by allowing the Company to exchange the difference in the variable rates on the term loans determined in reference to SOFR and the related fixed interest rate per notional amount. Fair value assets and liabilities related to interest rate swaps are recorded within “Deferred charges and other assets” and “Other liabilities,” respectively.
|  |  |  |  | September 30, 2025 |  | December 31, 2024
(Dollars in millions) | Fixed Interest Rate |  | Maturity (a) |  | Notional Amount |  | Fair Value of Assets |  | Fair Value of Liabilities |  | Notional Amount |  | Fair Value of Assets |  | Fair Value of Liabilities
Interest rate swaps |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Term Loan F | 3.72% to 3.75% |  | 2025 |  | $ | 200 |  |  | $ | — |  |  | $ | — |  |  | $ | 200 |  |  | $ | 1 |  |  | $ | — |
Term Loan F-2 | 3.80% to 3.82% |  | 2029 |  | $ | 223 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 232 |  |  | $ | 2 |  |  | $ | — |
Term Loan A | 4.13% to 4.16% |  | 2028 |  | $ | 211 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 219 |  |  | $ | — |  |  | $ | 1 |
(a) The total notional amounts of Term Loan F-2 and Term Loan A amortize quarterly until maturity.

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