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Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
September 30, 2020December 31, 2019
(In millions)Principal BalanceCarrying ValuePrincipal BalanceCarrying Value
ABL facility$200 $200 $— $— 
Term loan facilities2,003 1,973 2,003 1,969 
6.50% Senior notes due 2022
1,200 1,195 1,200 1,192 
6.125% Senior notes due 2023
535 531 535 530 
6.75% Senior notes due 2024
1,000 989 1,000 987 
6.25% Senior notes due 2025
1,150 1,137 — — 
6.70% Senior debentures due 2034
300 210 300 208 
Borrowings related to securitization program50 50 — — 
Finance leases, asset financing and other390 390 380 380 
Total debt6,828 6,675 5,418 5,266 
Short-term borrowings and current maturities of long-term debt130 130 84 84 
Long-term debt$6,698 $6,545 $5,334 $5,182 
Schedule of Fair Value of Debt
The fair value hierarchy of cash equivalents was as follows:
(In millions)Carrying ValueFair ValueLevel 1Level 2
September 30, 2020$1,657 $1,657 $1,657 $— 
December 31, 2019144 144 127 17 
The fair value of our debt and classification in the fair value hierarchy was as follows:
(In millions)Fair ValueLevel 1Level 2
September 30, 2020$6,989 $4,373 $2,616 
December 31, 20195,580 3,190 2,390