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Basis Of Presentation Financial Instruments - Fair Value Indebtedness Table (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Long-term debt principal amount $ 2,660  
Secured Debt | 7.00% Senior Secured Second Lien Notes    
Long-term debt principal amount 640 $ 640
Long-term debt fair value [1] 569 564
Senior Notes | 5.75% Senior Notes    
Long-term debt principal amount 558 558
Long-term debt fair value [1] 453 442
Senior Notes | 5.25% Senior Notes    
Long-term debt principal amount 449 449
Long-term debt fair value [1] 334 337
Convertible Debt | 0.25% Exchangeable Senior Notes    
Long-term debt principal amount 403 403
Long-term debt fair value [1] 375 359
Line of Credit | Revolving Credit Facility    
Line of credit facility outstanding 610 [2],[3],[4] 490
Line of credit facility fair value [1] $ 610 $ 490
[1] The fair value of the Company's indebtedness is categorized as Level II.
[2] The maturity date of the Revolving Credit Facility is July 27, 2027; however, it may spring forward to March 16, 2026 if the Exchangeable Senior Notes have not been extended, refinanced or replaced to have a maturity date after October 26, 2027 (or are not otherwise discharged, defeased or repaid by March 16, 2026).
[3] The interest rate with respect to revolving loans under the Revolving Credit Facility at March 31, 2025 is based on, at the Company's option, Term Secured Overnight Financing Rate ("SOFR") plus a 10 basis point credit spread adjustment or JP Morgan Chase Bank,
N.A.'s prime rate ("ABR") plus (in each case) an additional margin subject to adjustment based on the then current senior secured leverage ratio. Based on the previous quarter's senior secured leverage ratio, the SOFR margin was 1.75% and the ABR margin was 0.75% for the three months ended March 31, 2025.
[4] As of March 31, 2025, the Company had $1,100 million of borrowing capacity under its Revolving Credit Facility. As of March 31, 2025, there were $610 million of outstanding borrowings under the Revolving Credit Facility and $32 million of outstanding undrawn letters of credit. On May 5, 2025, the Company had $680 million of outstanding borrowings under the Revolving Credit Facility and $32 million of outstanding undrawn letters of credit.