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DEBT (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Long-Term Debt and Maturities

Long-term debt and maturities are as follows (dollars in millions):

 

     June 30,
2018
     December 31,
2017
 

Long-term debt:

     

Senior Secured Credit Facility Term B-3 Loan, variable, due 2022

   $  1,148      $ 1,176  

Senior Notes, fixed 5.0%, due 2024

     1,000        1,000  

Senior Notes, fixed 4.75%, due 2027

     400        400  
  

 

 

    

 

 

 

Total long-term debt

   $ 2,548      $ 2,576  

Less: current maturities of long-term debt

     —          12  

deferred financing costs, net

     28        30  
  

 

 

    

 

 

 

Total long-term debt, net

   $         2,520      $ 2,534