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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of the following (in millions):
As of
September 30,
2024		December 31,
2023
Term Loan B$4,738 $5,175 
Term Loan A1,275 1,275 
5.75% First Lien Senior Notes due 2025
— 500 
3.875% First Lien Senior Notes due 2028
1,550 1,550 
3.50% First Lien Senior Notes due 2029
750 750 
6.125% First Lien Senior Notes due 2029
1,200 — 
5.625% First Lien Senior Notes due 2029
500 — 
4.375% Second Lien Senior Notes due 2028
750 750 
4.00% Second Lien Senior Notes due 2030
2,900 2,900 
TH Facility and other120 143 
Less: unamortized deferred financing costs and deferred issue discount(124)(122)
Total debt, net13,659 12,921 
    Less: current maturities of debt(88)(67)
Total long-term debt$13,571 $12,854 
Schedule of Fair Value Measurement
The following table presents the fair value of our variable rate term debt and senior notes, estimated using inputs based on bid and offer prices that are Level 2 inputs, and principal carrying amount (in millions):
As of
September 30,
2024		December 31,
2023
Fair value of our variable term debt and senior notes$13,302 $12,401 
Principal carrying amount of our variable term debt and senior notes13,663 12,900 
Schedule of Interest Expense, Net
Interest expense, net consists of the following (in millions):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Debt (a)$145 $144 $438 $424 
Finance lease obligations4 5 14 14 
Amortization of deferred financing costs and debt issuance discount7 7 19 21 
Interest income(9)(13)(29)(29)
    Interest expense, net$147 $143 $442 $430 
(a)Amount includes $12 million and $16 million benefit during the three months ended September 30, 2024 and 2023, respectively, and $35 million and $47 million benefit during the nine months ended September 30, 2024 and 2023, respectively, related to the quarterly net settlements of our cross-currency rate swaps and amortization of the Excluded Component as defined in Note 14, Derivative Instruments.