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Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Summary of Long-Term Debt and Maturities

Long-term debt and maturities are as follows (dollars in millions):

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Long-term debt:

 

 

 

 

 

 

Senior Notes, fixed 4.75%, due 2027

 

$

400

 

 

$

400

 

Senior Notes, fixed 5.875%, due 2029

 

 

500

 

 

 

500

 

Senior Notes, fixed 3.75%, due 2031

 

 

1,000

 

 

 

1,000

 

Senior Secured Credit Facility Term Loan, variable, due 2031

 

 

509

 

 

 

514

 

Senior Notes, fixed 5.875%, due 2033

 

 

500

 

 

 

 

Total long-term debt

 

$

2,909

 

 

$

2,414

 

Less: current maturities of long-term debt

 

 

5

 

 

 

5

 

deferred financing costs, net (see Note 2)

 

 

19

 

 

 

14

 

Total long-term debt, net

 

$

2,885

 

 

$

2,395

 

Principal Payments Required on Long Term Debt

Principal payments required on long-term debt during the next five years are as follows (dollars in millions):

 

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

Payments

 

$

5

 

 

$

405

 

 

$

5

 

 

$

505

 

 

$

5