Debt (Tables)

6 Months Ended

Jun. 30, 2018

Debt Instrument [Line Items]

Schedule of Long-term Debt Instruments

The following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of June 30, 2018 and December 31, 2017, respectively:

	June 30, 2018			December 31, 2017
	(in millions)
$750 million Term Loan A Facility, due 2022 (net of $5 and $5 unamortized issuance costs)	$	736		$	745
$800 million Senior Notes at 5.00%, due 2025 (net of $13 and $14 unamortized issuance costs and $3 and $4 discount, respectively)	784			782
Other	6			8
Total debt	1,526			1,535
Less: current portion	(28		)	(20		)
Long-term debt	$	1,498		$	1,515

Schedule of Interest Rates

The Applicable Rates under the Credit Agreement on the specified date are set forth below:

	June 30, 2018				December 31, 2017
	LIBOR plus		ABR plus		LIBOR plus		ABR plus
Revolving Credit Facility	1.45	%	0.45	%	1.45	%	0.45	%
Term Loan A Facility	1.75	%	0.75	%	1.75	%	0.75	%

Schedule of Line of Credit Facilities

The applicable interest rate margins for the Term Loan A Facility will increase or decrease from time to time between 1.50% and 2.00% per annum (for LIBOR loans) and between 0.50% and 1.00% per annum (for ABR loans), in each case based upon changes to our corporate credit ratings. The applicable interest rate margins for the Revolving Credit Facility will increase or decrease from time to time between 1.30% and 1.55% per annum (for LIBOR loans) and between 0.30% and 0.55% per annum (for ABR loans), in each case based upon changes to our corporate credit ratings. Accordingly, the Applicable Rates for the Credit Facilities will fluctuate during the term of the Credit Agreement based on changes in the ABR, LIBOR or future changes in our corporate credit ratings. The Credit Agreement also requires that we pay certain facility fees on the aggregate commitments under the Revolving Credit Facility and certain letter of credit issuance and fronting fees. Amounts outstanding and the rate effective as of June 30, 2018, are detailed below:

		Borrowings as of
		June 30, 2018		Rate effective as of
	Applicable Rate	(in millions)		June 30, 2018
Term Loan A Facility	LIBOR plus 1.75%	$	741	3.81	%