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Subsequent Events (Details)
$ in Millions

3 Months Ended

Mar. 31, 2021

Feb. 05, 2021

USD ($)

Feb. 04, 2021

USD ($)

Jan. 27, 2021

USD ($)

Jan. 11, 2021

USD ($)

Dec. 31, 2020

USD ($)

Jul. 24, 2020

Jun. 30, 2020

Dec. 31, 2019

USD ($)

Feb. 28, 2018

USD ($)

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 3,239

Senior secured leverage ratio

1.70

Ratio of Indebtedness to Net Capital Denominator

1.00

Required Covenant Ratio from April 2022 (2020 Amendment) | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

Suggested Covenant Ratio compliance for additional covenants under 2020 Amendments from July 24 2020 to June 30, 2021 | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

5.50

Ratio of Indebtedness to Net Capital Denominator

1.00

Required Covenant Ratio | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

Subsequent Event | Required Covenant Ratio from December 2020 to June 2021 | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

5.25

Ratio of Indebtedness to Net Capital Denominator

1.00

Subsequent Event | Required Covenant Ratio from July 2021 to March 2022 | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

5.00

Ratio of Indebtedness to Net Capital Denominator

1.00

Subsequent Event | Required Covenant Ratio from April 2022 (2020 Amendment) | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

Subsequent Event | Suggested Covenant Ratio compliance for additional covenants under 2021 Amendment until June 30, 2021 | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

5.00

Ratio of Indebtedness to Net Capital Denominator

1.00

Subsequent Event | Required Covenant Ratio for election by Company to end the amended covenant period under 2021 Amendment | Maximum

Subsequent Event [Line Items]

Senior secured leverage ratio

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

5.75% Senior Notes | Senior Notes | Subsequent Event

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 900

$ 300

$ 600

Interest Rate

5.75%

Debt Instrument, Issue Price, Percentage

101.50%

4.875% Senior Notes | Senior Notes

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 407

$ 407

Interest Rate

4.875%

Term Loan A | Subsequent Event

Subsequent Event [Line Items]

Debt Instrument, Repurchase Amount

250

Term Loan A | Secured Debt

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 684

^[1]

717

$ 750

Term Loan A | Secured Debt | June 2021 to March 2022

Subsequent Event [Line Items]

Quarterly percentage of original principal amount for quarterly amortization payments

1.875%

Term Loan A | Secured Debt | Subsequent Event

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 434

Term Loan B | Subsequent Event

Subsequent Event [Line Items]

Debt Instrument, Repurchase Amount

$ 655

Term Loan B | Secured Debt

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 1,048

^[2]

$ 1,058

$ 1,080

Extended Term Loan A | Secured Debt | Subsequent Event

Subsequent Event [Line Items]

Long-term Debt, Gross

$ 237

Extended Term Loan A | Secured Debt | Subsequent Event | June 2021 to March 2022

Subsequent Event [Line Items]

Quarterly percentage of original principal amount for quarterly amortization payments

0.625%

Extended Term Loan A | Secured Debt | Subsequent Event | June 2022 to March 2023

Subsequent Event [Line Items]

Quarterly percentage of original principal amount for quarterly amortization payments

1.25%

Extended Term Loan A | Secured Debt | Subsequent Event | June 2023 to March 2024

Subsequent Event [Line Items]

Quarterly percentage of original principal amount for quarterly amortization payments

1.875%

Extended Term Loan A | Secured Debt | Subsequent Event | June 2024 and thereafter

Subsequent Event [Line Items]

Quarterly percentage of original principal amount for quarterly amortization payments

2.50%

Extended Revolving Credit Facility | Subsequent Event | Line of Credit

Subsequent Event [Line Items]

Line of credit facility borrowing capacity

$ 948

Revolving Credit Facility | Line of Credit

Subsequent Event [Line Items]

Line of credit facility borrowing capacity

$ 1,425

[1]

The Term Loan A Facility provides for quarterly amortization payments, equal to a percentage of the original principal amount of the Term Loan A, as follows: 0.625% per quarter from June 30, 2018 to March 31, 2020; 1.25% per quarter from June 30, 2020 to March 31, 2021; 1.875% per quarter from June 30, 2021 to March 31, 2022; and 2.50% per quarter for periods ending on or after June 30, 2022, with the balance of the Term Loan A Facility due at maturity on February 8, 2023. The interest rates with respect to the Term Loan A Facility are based on, at the Company's option, (a) adjusted LIBOR plus an additional margin or (b) ABR plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the previous quarter's senior secured leverage ratio, the LIBOR margin was 2.00% and the ABR margin was 1.00% for the three months ended December 31, 2020. See Note 20, "Subsequent Events", for a description of the January and February issuances of 5.75% Senior Notes and amendments to the Senior Secured Credit Facility and Term Loan A Facility.

[2]

The Term Loan B Facility provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B Facility is based on, at the Company’s option, (a) adjusted LIBOR plus 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%). See Note 20, "Subsequent Events", for a description of the January and February issuances of 5.75% Senior Notes and the January 2021 amendments to the Senior Secured Credit Facility and Term Loan A Facility.

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