Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Our long-term debt consisted of the following as of March 31, 2024 and December 31, 2023:

	March 31, 2024				December 31, 2023
	Carrying Amount		Fair Value(a)		Carrying Amount		Fair Value(a)
Credit Facility	$	—	$	—	$	—	$	—
5.50% senior notes due 2026	500		496		500		496
5.875% senior notes due 2029	500		496		500		489
6.75% senior notes due 2029	950		958		950		958
Premiums on senior notes	80		—		83		—
Debt issuance costs	(5)		—		(5)		—
Total long-term debt, net	$	2,025	$	1,950	$	2,028	$	1,943

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(a)The carrying value of borrowings under our Credit Facility approximates 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.