Long-Term Debt and Revolving Credit Agreements - (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of long-term debt

As of September 30, 2021 and December 31, 2020, our long-term debt consisted of the following:

(in millions)	September 30, 2021			December 31, 2020
2018 Term Loan A	$	—		$	370
2029 Notes	500			—
Principal amount	500			370
Deferred issuance costs	(5)			—
Less: current portion	—			(22)
Long-term debt, noncurrent	$	495		$	348
Annual contractual interest rate	3.50		%	1.77		%
Effective interest rate	3.67		%	1.87		%