Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Swap Agreements That Will Fix the Floating Interest Rates Associated With Its Term Loan

The Company has utilized swap agreements that will fix the floating interest rates associated with its Term Loan as shown in the following table:

Designation Date	Effective Date	Initial Notional Amount		Notional Amount Outstanding as of September 30, 2021			Fixed Rate			Expiration Date
July 2021	August 2020		557,500,000			557,500,000		2.5070	%	May 2022
July 2021	August 2020		89,863,420			98,078,920		3.0854	%	February 2023
July 2021	August 2020		181,205,050			168,155,300		0.7775	%	May 2024
July 2021	August 2020		388,877,200			373,963,200		0.7430	%	May 2024
July 2021	May 2022		220,130,318		n/a			0.5170	%	May 2024
July 2021	May 2022		306,004,562		n/a			0.5127	%	May 2024

Schedule of Fair Values and Location of Outstanding Derivative Instruments Recorded in the Condensed Consolidated Balance Sheets

The fair values and location of outstanding derivative instruments recorded in the Condensed Consolidated Balance Sheets are as follows (in millions):

	Successor		Predecessor
	September 30,		December 31,
	2021		2020
Assets
Other assets	$	5	$	—
Total	$	5	$	—
Liabilities
Other current liabilities	$	12	$	28
Other liabilities		1		19
Total	$	13	$	47