Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Summary of Components of Lease Expense

The components of lease expense were as follows (in millions):

	Successor			Predecessor
	Six Months Ended December 31,			Six Months Ended June 30,			Year Ended December 31,
	2021			2021			2020			2019
Operating lease cost	$	14		$	16		$	40		$	27
Finance lease cost:
Amortization of leased assets		12			13			21			15
Interest of lease liabilities		2			2			4			4
Variable and short-term lease cost		3			3			6			8
Sublease income		(3	)		(4	)		(6	)		(8	)
Total lease cost	$	28		$	30		$	65		$	46

Schedule of Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows (in millions, except lease term and discount rate):

	Successor			Predecessor
	December 31, 2021			December 31, 2020
Operating Leases
Operating lease right-of-use assets	$	120		$	129
Current operating lease liabilities		44			41
Noncurrent operating lease liabilities		139			155
Total operating lease liabilities	$	183		$	196
Finance Leases
Fixed assets, net	$	62		$	83
Current finance lease liabilities		27			28
Noncurrent finance lease liabilities		34			59
Total finance lease liabilities	$	61		$	87
Weighted Average Remaining Lease Term (in years)
Operating leases		5.8			6.6
Finance leases		2.7			3.5
Weighted Average Discount Rate
Operating leases		4.3	%		5.6	%
Finance leases		4.4	%		4.4	%

Schedule of Supplemental cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to leases was as follows (in millions):

	Successor		Predecessor
	Six Months Ended December 31,		Six Months Ended June 30,		Year Ended December 31,
	2021		2021		2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	27	$	22	$	42	$	36
Operating cash flows from finance leases		2		2		4		4
Financing cash flows from finance leases		14		17		24		13
Right-of use assets obtained in exchange for lease obligations
Operating leases	$	2	$	10	$	26	$	58
Finance leases		2		2		62		24

Summary of Future Lease Payments for Lease Obligations

Future lease payments for lease obligations with initial terms in excess of one year as of December 31, 2021 are as follows (in millions):

	Finance Leases			Operating Leases
2022	$	23		$	38
2023		22			34
2024		16			33
2025		4			22
2026		—			17
Thereafter		—			46
Total lease payments		65			190
Less: amount representing interest		(4	)		(27	)
Total lease obligations, net		61			163
Less: current portion of lease obligations, net		(27	)		(37	)
Total long-term portion of lease obligations, net	$	34		$	126