Long-term Debt and Other Borrowings, Net (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Long-term debt and other borrowings, net consisted of the following as of:

	Commencement Date	Maturity Date	Rate as of December 31, 2020		December 31, 2020		December 31, 2019
Revolving line of credit	February 2019	February 2024	—	%	$	—	$	—
Term loan payable in quarterly installments of $15 million began March 31, 2020	February 2019	February 2024	2.6	%	1,080		1,200
Loan payable with balloon payment due at maturity	February 2019	March 2023	4.0	%	6		6
Finance lease obligations					1		1
Total					1,087		1,207
Less: current maturities					(1)		(62)
Total Long-term debt and other borrowings					$	1,086	$	1,145
Less: unamortized debt discount					(18)		(20)
Total Long-term debt and other borrowings, net					$	1,068	$	1,125

Schedule of Credit Facility

The Credit Facility is comprised of the following:

	Total Amount		Amount Available as of December 31, 2020
Term loan	$	1,200	$	—
Revolving line of credit (a)	300		299
Total Credit Facility (b)	$	1,500	$	299
(a) Letters of credit reduce our borrowing capacity under the revolving line of credit. At December 31, 2020, we had $1 million for letters of credit outstanding against the total $35 million sub-limit available
(b) We paid $28 million of debt issuance costs related to the Credit Facilities which we deferred and amortize on an effective yield basis to interest expense

Schedule of Maturity of Debt Obligations

The following table presents the maturities of our Long-term debt and other borrowings, net as of December 31, 2020:

	Credit Facility		Other Debt		Total Repayments
2021	$	—	$	1	$	1
2022	60		—		60
2023	60		6		66
2024	960		—		960
Total debt maturities	1,080		7		1,087
Less: current maturities	—		(1)		(1)
Less: unamortized debt issuance costs	(18)		—		(18)
Long-term maturities	$	1,062	$	6	$	1,068