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Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Long-Term Debt, Net of Unamortized Discount and Debt Issuance Costs
Long-term debt, net of an unamortized discount and debt issuance costs, consisted of the following:
Original
Principal		Annual
Interest Rate		Maturity
Date		December 31,
2022		December 31,
2021
Term Loan Facility, net of unamortized discount(1)
$1,300 Variable3/11/2028$898 $897 
2022 Term Loan Facility, net of unamortized discount(1)
400 Variable4/4/2029393 — 
Senior Notes due 20291,075 4.63 %3/15/20291,075 1,075 
6.5% Senior Secured Notes due 2025500 6.50 %5/1/2025— 500 
Standard Bank Term Loan Facility(1)
98 Variable11/11/202677 92 
Australian Government Loan, net of unamortized discountN/AN/A12/31/20361 1 
MGT Loan(2)
36 VariableVariable30 33 
Finance leases 47 14 
Long-term debt2,521 2,612 
Less: Long-term debt due within one year(24)(18)
Debt issuance costs(33)(36)
Long-term debt, net$2,464 $2,558 

(1)The average effective interest rate, including impacts of our interest rate swap, for the Term Loan Facility was 4.8% and 5.1% for the year ended December 31, 2022 and 2021, respectively. The average effective interest rate on the Standard Bank Term Loan Facility was 7.2% and 7.3% for the year ended December 31, 2022 and 2021, respectively. The average effective interest rate on the 2022 Term Loan Facility was 5.8% for the year ended December 31, 2022.
(2)The MGT loan is a related party debt facility. Average effective interest rate on the MGT loan was 4.4% and 3.1% during the year ended December 31, 2022 and 2021, respectively. Refer below for further details.
Schedule of Maturities of Long-term Debt At December 31, 2022, the scheduled maturities of our long-term debt were as follows:
Total Borrowings
202320 
202421 
202522 
202663 
20276 
Thereafter2,397 
Total2,529 
Remaining accretion associated with the Term Loan Facility and the 2022 Term Loan Facility (8)
Total borrowings2,521 
Interest and Debt Expense, Net Interest and debt expense, net in the Consolidated Statements of Income consisted of the following:
Year Ended December 31,
202220212020
Interest on debt$132 $148 $174 
Amortization of deferred debt issuance costs and discounts on debt8 11 10 
Capitalized interest(17)(7)(2)
Interest on capital leases and letters of credit and commitments2 5 7 
Total interest and debt expense, net$125 $157 $189