Long-term Debt and Credit Agreements (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of principal outstanding and carrying amount of long term debt

The principal outstanding and carrying amounts of our long-term debt as of March 31, 2026 and December 31, 2025 are as follows:


	Due	Interest Rate	March 31, 2026		December 31, 2025

2025 Dollar Term Facility	1/30/2032	SOFR plus 200 bps	$	635	$	637
2032 Senior Notes	5/31/2032	7.75%	800		800
Other			2		2
Total principal outstanding			1,437		1,439
Less: unamortized deferred financing costs			(20)		(21)
Less: current portion of long-term debt			(7)		(7)
Total long-term debt			$	1,410	$	1,411

Schedule of principal repayments of credit facilities

Minimum scheduled principal repayments of long-term debt as of March 31, 2026 are as follow:


	March 31, 2026
	(Dollars in millions)
2026	$	5
2027	7
2028	9
2029	7
2030	7
Thereafter	1,402
Total debt payments	$	1,437

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details