Debt

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Debt

Debt

Long-term debt was as follows:

(in millions)	June 30, 2022		December 31, 2021
2021 Term loan A due 2026	$	258	$	265
2021 Term loan B due 2028	513		515
2021 Senior notes due 2029	520		520
2021 Revolving credit facility maturing 2026	—		100
Finance lease obligations	13		16
Other	23		24
Principal debt balance	1,327		1,440
Debt issuance costs and unamortized discounts	(25)		(27)
Less: current maturities	(30)		(30)
Total Long-term Debt	$	1,272	$	1,383

During the first quarter of 2022, the Company repaid $100 million that was outstanding as of December 31, 2021 under its 2021 Revolving Credit Facility maturing in 2026 (Revolver). As of June 30, 2022, the Company had no outstanding borrowings under its Revolver. However, the Company utilized $4 million of the Revolver to issue letters of credit as of June 30, 2022. The net Revolver available to be drawn upon as of June 30, 2022 was $546 million. At June 30, 2022, the Company was in compliance with all debt covenants related to the borrowings in the table above.