Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of debt outstanding

The following table reflects our outstanding debt (in order of priority and maturity):

	As of
	September 30, 2024								December 31, 2023
	Final Maturity	Rate(s)	Face Value		Unamortized debt discount/premium and deferred financing costs, net		Book Value		Book Value
Senior Secured Credit Facilities:
LNWI Revolver	2027	variable	$	—	$	—	$	—	$	—
LNWI Term Loan B	2029	variable	2,162		(24)		2,138		2,141
LNWI Senior Notes:
2028 Unsecured Notes	2028	7.000%	700		(6)		694		694
2029 Unsecured Notes	2029	7.250%	500		(4)		496		495
2031 Unsecured Notes	2031	7.500%	550		(7)		543		543
Other	—	—	2		—		2		1
Total long-term debt outstanding			$	3,914	$	(41)	$	3,873	$	3,874
Less: current portion of long-term debt							(23)		(22)
Long-term debt, excluding current portion							$	3,850	$	3,852
Fair value of debt(1)			$	3,962
(1) Fair value of our fixed rate and variable interest rate debt is classified within Level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.

Schedule of components of extinguishment and modification of debt

The following are components of the loss on debt financing transactions resulting from debt extinguishment and modification accounting for the three and nine months ended September 30, 2024 and 2023, respectively.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Repayment of principal balance at premium	$	—	$	12	$	—	$	12
Unamortized debt discount and deferred financing costs, net	2		3		2		3
Total loss on debt financing transactions	$	2	$	15	$	2	$	15