FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of long-term debt

Principal amounts of debt obligations and principal amounts of debt obligations net of premiums, discounts and issuance costs consist of the following:

		June 30, 2022				December 31, 2021
(in millions)	Maturity	Principal Amount		Net of Premiums, Discounts and Issuance Costs		Principal Amount		Net of Premiums, Discounts and Issuance Costs
Senior Secured Credit Facilities:
2018 Restated Credit Agreement
2023 Revolving Credit Facility	June 2023	$	—	$	—	$	285	$	285
June 2025 Term Loan B Facility	June 2025	—		—		2,829		2,772
November 2025 Term Loan B Facility	November 2025	—		—		994		984
2022 Amended Credit Agreement
2027 Revolving Credit Facility	February 2027	425		425		—		—
February 2027 Term Loan B Facility	February 2027	2,500		2,448		—		—
B+L Credit Facilities
B+L Revolving Credit Facility	May 2027	—		—		—		—
B+L Term Facility	May 2027	2,500		2,446		—		—
Senior Secured Notes:
5.50% Secured Notes	November 2025	1,750		1,740		1,750		1,739
6.125% Secured Notes	February 2027	1,000		986		—		—
5.75% Secured Notes	August 2027	500		496		500		495
4.875% Secured Notes	June 2028	1,600		1,581		1,600		1,580
Senior Unsecured Notes:
6.125%	April 2025	—		—		2,650		2,640
9.00%	December 2025	1,500		1,485		1,500		1,482
9.25%	April 2026	1,500		1,490		1,500		1,489
8.50%	January 2027	1,750		1,754		1,750		1,754
7.00%	January 2028	748		742		750		743
5.00%	January 2028	1,176		1,165		1,250		1,238
6.25%	February 2029	1,406		1,391		1,500		1,483
5.00%	February 2029	834		826		1,000		990
7.25%	May 2029	745		738		750		742
5.25%	January 2030	1,201		1,189		1,250		1,237
5.25%	February 2031	909		900		1,000		989
Other	Various	12		12		12		12
Total long-term debt		$	22,056	21,814		$	22,870	22,654
Less: Current portion of long-term debt				150				—
Non-current portion of long-term debt				$	21,664			$	22,654

Schedule of long-term debt maturities

Maturities of debt obligations for the remainder of 2022, the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
Remainder of 2022	$	75
2023	150
2024	150
2025	3,400
2026	1,650
2027	8,000
Thereafter	8,631
Total debt obligations	22,056
Unamortized premiums, discounts and issuance costs	(242)
Total long-term debt and other	$	21,814