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Debt (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Debt Outstanding

Debt outstanding consisted of the following (in millions):

 

 

 

 

September 30,

 

 

December 31,

 

 

 

Maturity Date

 

2022

 

 

2021

 

Term Loan

 

May 1, 2024

 

$

 

67

 

 

$

 

72

 

Term Loan, Amended

 

October 31, 2026

 

 

 

 

 

 

 

1,958

 

Term Loan, Third Incremental(1)

 

August 31, 2028

 

 

 

 

 

 

 

517

 

Term Loan, B-1(2)

 

August 31, 2028

 

 

 

2,454

 

 

 

 

 

Secured Senior Notes

 

June 1, 2025

 

 

 

311

 

 

 

 

314

 

$294 million Revolving Credit Facility, Amended

 

August 31, 2026

 

 

 

 

 

 

 

 

Other

 

June 30, 2022

 

 

 

 

 

 

 

7

 

Total debt, net

 

 

 

 

 

2,832

 

 

 

 

2,868

 

Less: current portion of long-term debt, net

 

 

 

 

 

(31

)

 

 

 

(38

)

Total long-term debt, net

 

 

 

$

 

2,801

 

 

$

 

2,830

 

 

(1)
The net balance for the Third Incremental Term Loan at December 31, 2021 includes unamortized debt issuance costs of $6 million.
(2)
The net balance for the B-1 Term Loan at September 30, 2022 includes unamortized debt issuance costs of $9 million.
Schedule of Aggregate Contractual Principal Payments

Aggregate contractual principal payments as of September 30, 2022 are as follows (in millions):

Remainder of 2022 (October - December)

 

$

 

8

 

2023

 

 

 

31

 

2024

 

 

 

83

 

2025

 

 

 

325

 

2026

 

 

 

25

 

Thereafter

 

 

 

2,356

 

Total payments

 

$

 

2,828