Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Long-Term Debt [Abstract]

Schedule of Long-Term Debt

Long-term debt is summarized in the following table:

	As of December 31,
(In millions)	2024			2023
Term Loan A maturing in 2029(1)	$	412		$	—
Term Loan B maturing in 2031(2)		788			—
Revolving Credit Facility maturing in 2029		—			—
Prior Term Loan A maturing in 2026(3)		—			226
Prior Term Loan B maturing in 2028(4)		—			367
Revolving Credit Facility maturing in 2026		—			—
Total debt		1,199			593
Less current portion		(29	)		(17	)
Total long-term debt	$	1,170		$	577

(1)Term Loan A maturing in 2029 is presented net of unamortized debt issuance costs of $6 million as of December 31, 2024.

(2)Term Loan B maturing in 2031 is presented net of unamortized debt issuance costs of $10 million as of December 31, 2024 and unamortized discount of $2 million as of December 31, 2024.

(3)Term Loan A maturing in 2026 is presented net of unamortized debt issuance costs of $1 million as of December 31, 2023.

(4)Term Loan B maturing in 2028 is presented net of unamortized debt issuance costs of $2 million as of December 31, 2023 and unamortized discount of $1 million as of December 31, 2023.

Scheduled Debt Payments

The following table presents future scheduled debt payments as of December 31, 2024:

(In millions)
2025	$	29
2026		29
2027		29
2028		29
2029		342
Thereafter		760
Total future scheduled debt payments		1,218
Less unamortized debt issuance costs		(17	)
Less unamortized discount		(2	)
Total debt	$	1,199