Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of debt outstanding

The following table reflects our outstanding debt (in order of priority and maturity):

	As of
	March 31, 2024								December 31, 2023
	Final Maturity	Rate(s)	Face Value		Unamortized debt discount/premium and deferred financing costs, net		Book Value		Book Value
Senior Secured Credit Facilities:
LNWI Revolver	2027	variable	$	—	$	—	$	—	$	—
LNWI Term Loan B	2029	variable	2,167		(26)		2,141		2,141
LNWI Senior Notes:
2028 Unsecured Notes	2028	7.000%	700		(6)		694		694
2029 Unsecured Notes	2029	7.250%	500		(5)		495		495
2031 Unsecured Notes	2031	7.500%	550		(7)		543		543
Other	—	—	1		—		1		1
Total long-term debt outstanding			$	3,918	$	(44)	$	3,874	$	3,874
Less: current portion of long-term debt							(22)		(22)
Long-term debt, excluding current portion							$	3,852	$	3,852
Fair value of debt(1)			$	3,963
(1) Fair value of our fixed rate and variable interest rate debt is classified within Level 2 in the fair value hierarchy and has been calculated based on the quoted market prices of our securities.