Debt (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Our long-term debt consisted of the following as of September 30, 2023 and December 31, 2022:

	September 30, 2023				December 31, 2022
	Carrying Amount		Fair Value(a)		Carrying Amount		Fair Value(a)
New Credit Facility	$	—	$	—	$	1,050	$	1,050
5.50% senior notes due 2026	500		484		500		485
5.875% senior notes due 2029	500		470		500		475
6.75% senior notes due 2029	950		928		950		917
Premiums on senior notes	88		—		100		—
Debt issuance costs	(6)		—		(7)		—
Total long-term debt, net	$	2,032	$	1,882	$	3,093	$	2,927

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(a)The carrying value of borrowings under our New Credit Facility approximate fair value as the interest rates are based on prevailing market rates; therefore, they are a Level 1 fair value measurement. For all other debt, a market approach, based upon quotes from major financial institutions, which are Level 2 inputs, is used to measure the fair value.