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Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The Company’s outstanding debt consisted of the following for the periods presented:

June 30, 2021

 

Outstanding Principal Amount

 

 

Unamortized Debt Issuance Costs

 

 

Carrying Value

 

(in millions)

 

Long-Term Debt:

 

 

 

 

 

 

 

 

 

 

 

 

2025 Senior Notes

 

$

500

 

 

$

(8

)

 

$

492

 

2026 Senior Notes

 

 

345

 

 

 

(5

)

 

 

340

 

Total Long-Term Debt

 

$

845

 

 

$

(13

)

 

$

832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

Outstanding Principal Amount

 

 

Unamortized Debt Issuance Costs

 

 

Carrying Value

 

(in millions)

 

Long-Term Debt:

 

 

 

 

 

 

 

 

 

 

 

 

2025 Senior Notes

 

$

500

 

 

$

(9

)

 

$

491

 

Total Long-Term Debt

 

$

500

 

 

$

(9

)

 

$

491