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Short And Long-Term Debt Maturities Table (Details) - USD ($) $ in Millions | 6 Months Ended |
--- | --- | ---
Jun. 30, 2022 | Dec. 31, 2021
Maturities of Long-term Debt |  |  |  |
Remaining 2022 (a) | [1] | $ 6 |  |
2023 (b) | [2] | 363 |  |
2024 |  | 22 |  |
2025 |  | 184 |  |
2026 |  | $ 403 |  |
Long-term Debt Maturities, Years Presented |  | 4 years |  |
Current portion of long-term debt |  | $ 360 |  | $ 10
Revolving Credit Facility | Line of Credit |  |  |  |
Maturities of Long-term Debt |  |  |  |
Line of credit facility outstanding |  | $ 0 | [3],[4],[5] | $ 0
[1] | Remaining 2022 includes amortization payments for the Extended Term Loan A. The current portion of long-term debt of $360 million shown on the Condensed Consolidated Balance Sheets consists of $347 million in principal amount of 4.875% Senior Notes due June 2023 and four quarters of amortization payments for the Extended Term Loan A. There were no outstanding borrowings under the Revolving Credit Facility as of June 30, 2022, however any amounts outstanding would be classified on the balance sheet as current due to the revolving nature and terms and conditions of the facilities.
[2] | Includes $347 million in principal amount of 4.875% Senior Notes due June 2023.
[3] | As of June 30, 2022, the Revolving Credit Facility includes available capacity under the 2023 Non-extended Revolving Credit Commitment of $477 million and available capacity under the 2025 Extended Revolving Credit Commitment of $948 million. As of June 30, 2022, there were no outstanding borrowings under the Revolving Credit Facility and $42 million of outstanding undrawn letters of credit. See Note 10, "Subsequent Events", for a description of amendments to the Senior Secured Credit Facility on July 27, 2022. On August 3, 2022, the Company had no outstanding borrowings under the Revolving Credit Facility and $42 million of outstanding undrawn letters of credit.
[4] | Interest rates with respect to revolving loans under the Revolving Credit Facility and outstanding borrowings under the Extended Term Loan A at June 30, 2022 are based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("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 1.75% and the ABR margin was 0.75% for the three months ended June 30, 2022. See Note 10, "Subsequent Events", for a description of amendments to the Senior Secured Credit Facility on July 27, 2022.
[5] | The maturity date of the 2023 Non-Extended Revolving Credit Commitment under the Revolving Credit Facility is February 2023. The maturity date of each of the 2025 Extended Revolving Credit Commitment and Extended Term Loan A may spring forward to March 2, 2023 if on or before March 2, 2023, the 4.875% Senior Notes have not been extended, refinanced or replaced to have a maturity date after May 10, 2025 (or are not otherwise discharged, defeased or repaid by March 2, 2023).

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
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