Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Borrowing Arrangements (Tables)

v3.10.0.1
Long-Term Debt and Borrowing Arrangements (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Company's Indebtedness
The Company’s indebtedness consisted of:
 
As of December 31,
 
2018
 
2017
Long-term debt: (a)
 
 
 
$750 million revolving credit facility (due May 2023)
$

 
$

Term loan (due May 2025)
1,582

 

5.375% senior unsecured notes (due April 2026)
494

 

Capital leases
65

 

Debt due to former Parent

 
184

Total long-term debt
2,141

 
184

Less: Current portion of long-term debt
21

 
103

Long-term debt
$
2,120

 
$
81

______________________
(a) 
The carrying amount of the term loan and senior unsecured notes are net of debt issuance costs of $21 million as of December 31, 2018.
Schedule of Outstanding Debt Maturities
The Company’s outstanding debt as of December 31, 2018 matures as follows:
 
Long-Term Debt
Within 1 year
$
21

Between 1 and 2 years
21

Between 2 and 3 years
21

Between 3 and 4 years
21

Between 4 and 5 years
22

Thereafter
2,035

Total
$
2,141

Schedule of Available Capacity Under Borrowing Arrangements
As of December 31, 2018, the available capacity under the Company’s revolving credit facility was as follows:
 
Revolving Credit Facility
Total capacity
$
750

Less: Letters of credit
15

Available capacity
$
735