Rendering
| Component: (Network and Table) |
|---|
| Network | 100390 - Disclosure - Debt (Tables) (http://www.lsccom.com/20161231/taxonomy/role/DisclosureDebtTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001669812 (http://www.sec.gov/CIK) |
| Debt Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Debt Disclosure [Abstract] | |
Schedule of the Company's Debt |
The Company’s debt at December 31, 2016 consisted of the following:
|
|
|
2016 |
|
|
Term Loan Facility due September 30, 2022 (a) |
|
$ |
353 |
|
|
8.75% Senior Secured Notes due October 15, 2023 |
|
|
450 |
|
|
Capital lease obligations |
|
|
6 |
|
|
Unamortized debt issuance costs |
|
|
(15 |
) |
|
Total debt |
|
|
794 |
|
|
Less: current portion |
|
|
(52 |
) |
|
Long-term debt |
|
$ |
742 |
|
|
|
(a) |
The borrowings under the term loan facility are subject to a variable interest rate. As of December 31, 2016 the interest rate was 7.00%. | |
Future Maturities of Debt |
At December 31, 2016, the future maturities of debt, including capitalized leases, were as follows:
|
|
|
Amount |
|
|
2017 |
|
$ |
54 |
|
|
2018 |
|
49 |
|
|
2019 |
|
43 |
|
|
2020 |
|
43 |
|
|
2021 |
|
43 |
|
|
2022 and thereafter |
|
586 |
|
|
Total (a) |
|
$ |
818 |
|
|
|
(a) |
Excludes unamortized debt issuance costs of $6 million and $9 million related to the Company’s Term Loan Facility and 8.75% Senior Notes due October 15, 2023, respectively, and a discount of $9 million related to the Company’s Term Loan Facility. These amounts do not represent contractual obligations with a fixed amount or maturity date. | |
Summary Of Interest Expense |
The following table summarizes interest expense included in the Consolidated and Combined Statements of Income:
|
|
|
|
2016 |
|
|
|
2015 |
|
|
|
2014 |
|
|
Interest incurred |
|
$ |
19 |
|
|
$ |
— |
|
|
$ |
— |
|
|
Less: interest income |
|
|
(1 |
) |
|
|
(3 |
) |
|
|
(4 |
) |
|
Interest expense (income), net |
|
$ |
18 |
|
|
$ |
(3 |
) |
|
$ |
(4 |
) |
|