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Debt (Tables) | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Schedule of 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 |  | March 31, 2024 |  | December 31, 2023
Term Loan Facility, net of unamortized discount (1) | 1,300 |  |  | Variable |  | 3/11/2028 |  | $ | 899 |  |  | $ | 898 |
2022 Term Loan Facility, net of unamortized discount(1) | 400 |  |  | Variable |  | 4/4/2029 |  | 389 |  |  | 390 |
2023 Term Loan Facility, net of unamortized discount(1) | 350 |  |  | Variable |  | 8/16/2028 |  | 346 |  |  | 347 |
Senior Notes due 2029 | 1,075 |  |  | 4.625 | % |  | 3/15/2029 |  | 1,075 |  |  | 1,075 |
Standard Bank Term Loan Facility (1) | 98 |  |  | Variable |  | 11/11/2026 |  | 60 |  |  | 64 |
Australian Government Loan, net of unamortized discount | N/A |  | N/A |  | 12/31/2036 |  | 1 |  |  | 1 |
MGT Loan(2) | 36 |  | Variable |  | Variable |  | 23 |  |  | 25 |
Finance leases |  |  |  |  |  |  | 42 |  |  | 43 |
Long-term debt |  |  |  |  |  |  | 2,835 |  |  | 2,843 |
Less: Long-term debt due within one year |  |  |  |  |  |  | (27) |  |  | (27) |
Debt issuance costs |  |  |  |  |  |  | (28) |  |  | (30) |
Long-term debt, net |  |  |  |  |  |  | $ | 2,780 |  |  | $ | 2,786 |
_______________ (1)The average effective interest rate on the Term Loan Facility (including the impacts of the interest rate swaps), the 2022 Term Loan Facility, the 2023 Term Loan Facility, and the Standard Bank Term Loan Facility was 5.7%, 9.0%, 9.2% and 10.6%, respectively, during the three months ended March 31, 2024. The average effective interest rate on the Term Loan Facility (including the impacts of the interest rate swaps), the 2022 Term Loan Facility and Standard Bank Term Loan Facility was 5.3%, 8.4% and 9.7%, respectively, during the three months ended March 31, 2023. As of March 31, 2024, the applicable margin on the Term Loan Facility, 2022 Term Loan Facility and 2023 Term Loan Facility was 2.50%, 3.25%, and 3.50%, respectively. (2)The MGT loan is a related party debt facility. The average effective interest rate on the MGT loan was 6.0% during both the three months ended March 31, 2024 and March 31, 2023.

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