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v3.26.1

Debt - Schedule of Long-term Debt, Net of an Unamortized Discount and Debt Issuance Costs (Details) - USD ($) $ in Millions | 6 Months Ended |
--- | --- | ---
Jun. 30, 2026 | Jun. 30, 2025 | Dec. 31, 2025
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Finance leases | $ 41 |  | $ 39
Long-term debt | 3,191 |  | 3,204
Less: Long-term debt due within one year | (39) |  | (39)
Debt issuance costs | (29) |  | (33)
Long-term debt, net | 3,123 |  | 3,132
2024 Term Loan Facility |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Original Principal | 741 |  |
Long-term debt, gross | $ 728 |  | 731
Average effective interest rate (in percent) |  | 6.80% |
Basis spread on variable rate (in percent) | 2.25% |  |
2024-B Term Loan Facility |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Original Principal | $ 902 |  |
Long-term debt, gross | $ 883 |  | 887
Average effective interest rate (in percent) | 6.10% | 6.50% |
Basis spread on variable rate (in percent) | 2.50% |  |
Senior Notes due 2029 |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Original Principal | $ 1,075 |  |
Annual Interest Rate | 4.625% |  |
Long-term debt, gross | $ 1,075 |  | 1,075
Senior Secured Notes due 2030 |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Original Principal | $ 400 |  |
Annual Interest Rate | 9.125% |  |
Long-term debt, gross | $ 400 |  | 400
RMB Term Loan Facility |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Original Principal | 64 |  |
Long-term debt, gross | $ 52 |  | 57
Average effective interest rate (in percent) | 9.10% | 9.70% |
Basis spread on variable rate (in percent) | 2.35% |  |
Australian Government Loan |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Long-term debt, gross | $ 2 |  | 2
MGT Loan |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Original Principal | 36 |  |
Long-term debt, gross | $ 10 |  | $ 13
Average effective interest rate (in percent) | 6.20% | 6.10% |
Standard Bank Term Loan Facility |  |  |
Long-term debt, net of an unamortized discount and debt issuance costs [Abstract] |  |  |
Average effective interest rate (in percent) | 6.30% |  |

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