Long-Term Debt and Revolving Credit Agreements - (Tables)

3 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of Revolving Credit Agreement Borrowings

As of March 31, 2021 and December 31, 2020, our long-term debt consisted of the following:

(in millions)	March 31, 2021			December 31, 2020
2018 Term Loan A	$	—		$	370
2029 Notes	500			—
Principal amount	500			370
Deferred issuance costs	(6)			—
Less: current portion	—			(22)
Long-term debt, noncurrent	$	494		$	348
Annual contractual interest rate	3.50		%	1.77		%
Effective interest rate	3.67		%	1.87		%