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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).