FINANCING ARRANGEMENTS (Tables)

9 Months Ended

Sep. 30, 2023

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:

		September 30, 2023				December 31, 2022
(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:
2022 Amended Credit Agreement
2027 Revolving Credit Facility	February 2027	$	—	$	—	$	470	$	470
February 2027 Term Loan B Facility	February 2027	2,343		2,308		2,437		2,392
AR Credit Facility	January 2028	350		350		—		—
B+L Credit Facilities
B+L Revolving Credit Facility	May 2027	175		175		—		—
B+L May 2027 Term Loan B Facility	May 2027	2,469		2,429		2,488		2,439
B+L September 2028 Term Loan B Facility	September 2028	500		488		—		—
Senior Secured Notes:
5.50% Secured Notes	November 2025	1,680		1,674		1,680		1,672
6.125% Secured Notes	February 2027	1,000		989		1,000		987
5.75% Secured Notes	August 2027	500		496		500		496
4.875% Secured Notes	June 2028	1,600		1,585		1,600		1,583
11.00% First Lien Secured Notes	September 2028	1,774		2,740		1,774		2,826
14.00% Second Lien Secured Notes	October 2030	352		687		352		711
B+L Senior Secured Notes:
B+L 8.375% Secured Notes	October 2028	1,400		1,376		—		—
9.00% Intermediate Holdco Secured Notes	January 2028	999		1,358		999		1,423
Senior Unsecured Notes:
9.00%	December 2025	959		953		959		951
9.25%	April 2026	741		738		741		737
8.50%	January 2027	643		644		643		644
7.00%	January 2028	171		171		171		170
5.00%	January 2028	433		430		433		429
6.25%	February 2029	821		814		821		813
5.00%	February 2029	452		448		452		448
7.25%	May 2029	337		334		337		334
5.25%	January 2030	779		772		779		771
5.25%	February 2031	462		459		462		458
Other	Various	12		12		12		12
Total long-term debt and other		$	20,952	22,430		$	19,110	20,766
Less: Current portion of long-term debt and other				536				432
Non-current portion of long-term debt				$	21,894			$	20,334

Schedule of long-term debt maturities

Maturities of debt obligations for the remainder of 2023, the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
Remainder of 2023	$	39
2024	155
2025	2,794
2026	896
2027	6,648
2028	7,218
Thereafter	3,202
Total debt obligations	20,952
Unamortized premiums, discounts and issuance costs	1,478
Total long-term debt and other	$	22,430