Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2019

Long-Term Debt [Abstract]

Schedule Of Long-Term Debt

	As of December 31,
(In millions)	2019		2018
Senior secured term loan facility maturing in 2023(1)	$	—	$	637
Senior secured term loan facility maturing in 2026(2)		593		—
Revolving credit facility maturing 2021		—		—
Revolving credit facility maturing 2024		—		—
5.125% notes maturing in 2024(3)		742		740
7.45% notes maturing in 2027(4)		167		172
7.25% notes maturing in 2038(4)		40		42
Vehicle finance leases(5)		95		90
Other(6)		100		94
Less current portion		(70)		(49)
Total long-term debt	$	1,668	$	1,727

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(1)As of December 31, 2018, presented net of $5 million in unamortized debt issuance costs and $1 million in unamortized original issue discount paid as described below under “––Term Loan Facility.”

(2)As of December 31, 2019, presented net of $6 million in unamortized debt issuance costs and $1 million in unamortized original issue discount paid as described below under “––Term Loan Facility.”

(3)As of December 31, 2019 and 2018, presented net of $8 million and $10 million, respectively, in unamortized debt issuance costs related to the 2024 Notes.

(4)As of December 31, 2019 and 2018, collectively presented net of $28 million and $33 million, respectively, of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above.

(5)We have entered into the Fleet Agreement which, among other things, allows us to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are finance leases for accounting purposes. The lease rental payments include an interest component calculated using a variable rate based on one-month LIBOR plus other contractual adjustments and a borrowing margin totaling 2.45%.

(6)As of December 31, 2019 and 2018, includes approximately $91 million and $82 million, respectively, of future payments in connection with acquisitions as further described in Note 7.

Schedule of Interest Rate Swap Agreements

			Weighted
	Notional		Average Fixed
(In millions)	Amount		Rate(1)
Interest rate swap agreements in effect as of December 31, 2017	$	650	1.493	%
Terminated		—
Entered into effect		—
Interest rate swap agreements in effect as of December 31, 2018		650	1.493	%
Terminated		(650)
Entered into effect		550
Interest rate swap agreements in effect as of December 31, 2019	$	550	1.615	%

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(1)Before the application of the applicable borrowing margin.