Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2022

Long-Term Debt [Abstract]

Schedule Of Long-Term Debt

	As of		As of
	June 30,		December 31,
(In millions)	2022		2021
Senior secured term loan facility maturing in 2026(1)	$	541	$	540
7.45% notes maturing in 2027(2)		173		172
7.25% notes maturing in 2038(3)		41		41
Vehicle finance leases(4)		116		119
Other(5)		22		26
Less current portion		(47)		(50)
Total long-term debt	$	846	$	849

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(1)As of June 30, 2022 and December 31, 2021, presented net of $5 million and $6 million in unamortized debt issuance costs, respectively. As of December 31, 2021, presented net of $1 million of unamortized original issue discount.

(2)As of June 30, 2022 and December 31, 2021, presented net of $13 million and $14 million, respectively of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates above.

(3)As of both June 30, 2022 and December 31, 2021, presented net of $8 million of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above.

(4)We have entered into a fleet management services agreement (the “Fleet Agreement”) which, among other things, allows us to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are finance leases for accounting purposes. The lease rental payments include an interest component calculated using a variable rate based on one-month LIBOR plus other contractual adjustments and a borrowing margin ranging from 1.25% to 2.45%.

(5)Primarily represents future payments in connection with acquisitions.

Schedule of Interest Rate Swap Agreements

Trade Date	Effective Date	Expiration Date	Notional Amount	Fixed Rate - Pay(1)	Floating Rate - Receive
November 5, 2019	November 5, 2019	November 5, 2026	$546 million	1.615%	0.450%

(1)Before the application of the applicable borrowing margin.