Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Long-Term Debt [Abstract]

Schedule Of Long-Term Debt

	As of		As of
	March 31,		December 31,
(In millions)	2020		2019
Senior secured term loan facility maturing in 2026(1)	$	592	$	593
Revolving credit facility maturing 2024		—		—
5.125% notes maturing in 2024(2)		742		742
7.45% notes maturing in 2027(3)		167		167
7.25% notes maturing in 2038(3)		40		40
Vehicle finance leases(4)		94		95
Other(5)		86		100
Less current portion(6)		(100)		(70)
Total long-term debt	$	1,622	$	1,667

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(1)As of March 31, 2020 and December 31, 2019, presented net of $6 million in unamortized debt issuance costs in each period and $1 million of unamortized original issue discount in each period.

(2)As of March 31, 2020 and December 31, 2019, presented net of $8 million in unamortized debt issuance costs in each period.

(3)As of March 31, 2020 and December 31, 2019, collectively presented net of $27 million and $28 million, respectively, of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above.

(4)We have entered into a fleet management services agreement (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 percent.

(5)As of March 31, 2020 and December 31, 2019, includes approximately $86 million and $91 million, respectively, of future payments in connection with acquisitions.

(6)The increase in the current portion of long-term debt consists of deferred purchase price and earnout payments on acquisitions due within 12 months.

Schedule of Interest Rate Swap Agreements

	Notional
(In millions)	Amount		Fixed Rate(1)
Interest rate swap agreement in effect as of December 31, 2018	$	650	1.493	%
Terminated		—
Entered into effect		—
Interest rate swap agreement in effect as of March 31, 2019	$	650	1.493	%
Terminated		(650)
Entered into effect		550	1.615	%
Interest rate swap agreement in effect as of December 31, 2019	$	550	1.615	%
Terminated		—
Entered into effect		—
Interest rate swap agreement in effect as of March 31, 2020	$	550	1.615	%

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