Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-Term Debt [Abstract]

Schedule Of Long-Term Debt

	As of		As of
	September 30,		December 31,
(In millions)	2020		2019
Senior secured term loan facility maturing in 2026(1)	$	538	$	593
Revolving credit facility maturing 2024		—		—
5.125% notes maturing in 2024(2)		743		742
7.45% notes maturing in 2027(3)		169		167
7.25% notes maturing in 2038(3)		41		40
Vehicle finance leases(4)		93		95
Other(5)		82		98
Less current portion(6)		(100)		(69)
Total long-term debt	$	1,565	$	1,666

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(1)As of September 30, 2020 and December 31, 2019, presented net of $7 million and $6 million in unamortized debt issuance costs, respectively, and $1 million of unamortized original issue discount in each period. On September 30, 2020, we made an advanced amortization payment of $51 million on the Term Loan B. See further discussion in Term Loan Facility below.

(2)As of September 30, 2020 and December 31, 2019, presented net of $7 million and $8 million, respectively of unamortized debt issuance costs.

(3)As of September 30, 2020 and December 31, 2019, collectively presented net of $26 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 September 30, 2020 and December 31, 2019, includes approximately $81 million and $85 million, respectively, of future payments in connection with acquisitions.

(6)The current portion of long-term debt consists of deferred purchase price and earnout payments on acquisitions and scheduled principal payments of long-term debt 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		(479)
Entered into effect		—
Interest rate swap agreement in effect as of September 30, 2019	$	171	1.493	%
Terminated		(171)
Entered into effect		550	1.615	%
Interest rate swap agreement in effect as of December 31, 2019	$	550	1.615	%
Terminated		(4)
Entered into effect		—
Interest rate swap agreement in effect as of September 30, 2020	$	546	1.615	%

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