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Debt and Other Credit Facilities (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt

Our outstanding debt consisted of the following at the dates indicated:
Dollars in millions
December 31, 2019
 
December 31, 2018
Term Loan A
176

 
190

Term Loan B
756

 
796

Convertible Notes
350

 
350

Unamortized debt issuance costs - Term Loan A
(4
)
 
(5
)
Unamortized debt issuance costs and discount - Term Loan B
(15
)
 
(18
)
Unamortized debt issuance costs and discount - Convertible Notes
(53
)
 
(65
)
Total long-term debt
1,210

 
1,248

Less: current portion
27

 
22

Total long-term debt, net of current portion
$
1,183

 
$
1,226


The details of the applicable margins and commitment fees are based on the Company's consolidated leverage ratio as follows:

 
 
Revolver and Term Loan A
 
 
 
 
Consolidated Leverage Ratio
 
LIBOR Margin
 
Base Rate Margin
 
Performance Letter of Credit Fee
 
Commitment Fee
Greater than or equal to 4.00 to 1.00
 
3.25
%
 
2.25
%
 
1.95
%
 
0.450
%
Less than 4.00 to 1.00 but greater than or equal to 3.00 to 1.00
 
3.00
%
 
2.00
%
 
1.80
%
 
0.400
%
Less than 3.00 to 1.00 but greater than or equal to 2.00 to 1.00
 
2.75
%
 
1.75
%
 
1.65
%
 
0.375
%
Less than 2.00 to 1.00
 
2.50
%
 
1.50
%
 
1.50
%
 
0.350
%
Summary of Combined Principal Installments for Both Classes of Bonds and Subordinated Notes
The following table summarizes the combined principal installments for both classes of bonds and subordinated notes, including inflation adjusted bond indexation over the next five years and beyond as of December 31, 2019:
Dollars in millions
Payments Due
2020
$
11

2021
$
5

2022
$
1

2023
$
1

2024
$
—

Beyond 2024
$
—