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Debt (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Debt Disclosure [Abstract]    
Schedule of Debt
The Company’s debt consists of the following:
(Dollars in millions)June 30, 2022December 31, 2021
7.5% Term loan due November 30, 2023(1)
$139 $139 
5.0% Daylight term loan due October 15, 2024(1)
78 78
Borrowings under revolving credit facility(1)
110 — 
Finance lease and other162 161
Short-term borrowings1 15 
Total debt principal
490 393 
Less unamortized debt issuance costs and discounts— — 
Total debt, net
490 393 
Less short-term borrowings and current portion of long-term debt(140)(41)
Total long-term debt
$350 $352 
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(1)The Company’s debt with related parties consists of two term loans and a working capital credit facility with US Holding, as described below.
The Company’s debt consists of the following:
December 31,
(Dollars in millions)20212020
7.5% Term loan due November 30, 2023(1)
139 139
5.0% Daylight term loan due October 15, 2024(1)
78 98
Finance lease and other161 163
Short-term borrowings15 27
Total debt principal
393 427
Less unamortized debt issuance costs and discounts— — 
Total debt, net
393 427
Less short-term borrowings and current portion of long-term debt(41)(53)
Total long-term debt
$352 374
__________________
(1)The Company’s debt with related parties consists of two term loans and a working capital credit facility with US Holding, as described below.
Schedule of Maturities of Long-term Debt  
Maturities of long-term debt as of December 31, 2021 are as follows:
(Dollars in millions)
Year Ending December 31,
2022$41 
2023171 
202440 
20257 
20267 
Thereafter127 
Total principal payments
$393