Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Summary of Carrying Value of Debt

The following table summarizes the carrying value of the Company’s debt (in millions):

	December 31,
	2016			2015
Senior Notes	$	1,050		$	1,050
Term Loan	1,653			2,035
Less: debt issuance costs	(22		)	(26		)
Less: unamortized discounts	(33		)	(47		)
Total outstanding debt	$	2,648		$	3,012

Schedule of Maturities of Long-term Debt

At December 31, 2016, the future maturities of long-term debt, excluding debt discounts and issuance costs, consisted of the following (in millions):

2017	$	—
2018	—
2019	—
2020	—
2021	1,653
Thereafter	1,050
Total maturities of long-term debt	$	2,703