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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The Company’s outstanding debt consisted of the following as of the dates presented:

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

(in millions)

 

Short-term debt:

 

 

 

 

 

 

Term Loan B Facility

 

$

5

 

 

$

 

Total short-term debt

 

$

5

 

 

$

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

Term Loan B Facility due 2031

 

$

494

 

 

$

 

0.25% Convertible 2026 Senior Notes due 2026

 

 

345

 

 

 

345

 

7.00% 2025 Senior Notes due 2025

 

 

 

 

 

500

 

Unamortized Debt Issuance Costs

 

 

(8

)

 

 

(6

)

Total long-term debt

 

$

831

 

 

$

839