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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Long-Term Debt, Net of Unamortized Discount and Debt Issuance Costs
Long-term debt, net of an unamortized discount and debt issuance costs, consisted of the following:
Original
Principal
Annual
Interest Rate
Maturity
Date
December 31,
2020
December 31,
2019
Term Loan Facility, net of unamortized discount(1)
$2,150 Variable9/22/2024$1,607 $1,805 
Senior Notes due 2025450 5.75 %10/1/2025450 450 
Senior Notes due 2026615 6.50 %4/15/2026615 615 
6.5% Senior Secured Notes due 2025500 6.50 %5/1/2025500 — 
Standard Bank Term Loan Facility(1)
222 Variable3/25/2024115 158 
Tikon Loan N/AVariable5/23/202117 16 
Australian Government Loan, net of unamortized discountN/AN/A12/31/2036
MGT Loan(2)
36 VariableRefer below36 — 
Finance leases 15 15 
Long-term debt3,356 3,060 
Less: Long-term debt due within one year(58)(38)
Debt issuance costs(35)(34)
Long-term debt, net$3,263 $2,988 

(1)The average effective interest rate, including impacts of our interest rate swap, for the Term Loan Facility was 4.6% and 5.6% for the years ended December 31, 2020 and 2019, respectively. The average effective interest rate on the Standard Bank Term Loan Facility was 7.8% and 9.7% for the year ended December 31, 2020 and 2019, respectively.
(2)The MGT loan is a related party debt facility. Refer below for further details.
Schedule of Maturities of Long-term Debt At December 31, 2020, the scheduled maturities of our long-term debt were as follows:
Total Borrowings
202158 
202244 
202344 
20241,631 
2025959 
Thereafter629 
Total3,365 
Remaining accretion associated with the Term Loan Facility and Australian Government Loan(9)
Total borrowings3,356 
Interest and Debt Expense, Net
Interest and debt expense, net in the Consolidated Statements of Operations consisted of the following:
Year Ended December 31,
202020192018
Interest on debt$174 $186 $180 
Amortization of deferred debt issuance costs and discounts on debt10 11 
Capitalized interest(2)(1)(3)
Interest on capital leases and letters of credit and commitments
Total interest and debt expense, net$189 $201 $193