v3.24.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Short-Term Debt

The Company’s outstanding debt is as follows:

 

 

September 30, 2024

 

 

December 31, 2023

 

Short-term debt:

 

 

 

 

 

 

Term Loan Facility

 

$

50

 

 

$

93

 

Long-term debt:

 

 

 

 

 

 

Term Loan Facility

 

$

3,479

 

 

$

4,860

 

Debt issuance costs - Term Loan Facility

 

 

(94

)

 

 

(164

)

     Term Loan Facility, net

 

 

3,385

 

 

 

4,696

 

Convertible Notes

 

 

1,400

 

 

 

—

 

Debt issuance costs - Convertible Notes

 

 

(27

)

 

 

—

 

     Convertible Notes, net

 

 

1,373

 

 

 

—

 

     Total long-term debt, net

 

$

4,758

 

 

$

4,696

 
Schedule of Contractual Maturities of Debt Obligations

Contractual maturities of the Company’s debt obligations as of September 30, 2024 are as follows:

Year

 

Amount

 

2024 (remaining)

 

$

13

 

2025

 

 

50

 

2026

 

 

50

 

2027

 

 

50

 

2028

 

 

50

 

2029

 

 

3,316

 

Thereafter

 

 

1,400

 
Schedule of Interest Expense

The Company’s interest expense is as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Term Loan Facility:

 

 

 

 

 

 

 

 

 

 

 

 

     Contractual interest expense

 

$

67

 

 

$

103

 

 

$

244

 

 

$

291

 

     Amortization of debt issuance costs as interest expense

 

 

6

 

 

 

7

 

 

 

20

 

 

 

22

 

Total interest expense on Term Loan Facility

 

$

73

 

 

$

110

 

 

$

264

 

 

$

313

 

Convertible Notes:

 

 

 

 

 

 

 

 

 

 

 

 

     Contractual interest expense

 

$

4

 

 

$

—

 

 

$

7

 

 

$

—

 

     Amortization of debt issuance costs as
     interest expense

 

 

1

 

 

 

—

 

 

 

2

 

 

 

—

 

Total interest expense on Convertible Notes

 

$

5

 

 

$

—

 

 

$

9

 

 

$

—

 

Other interest expense, net (1)

 

$

(14

)

 

$

(17

)

 

$

(43

)

 

$

(47

)

Total interest expense

 

$

64

 

 

$

93

 

 

$

230

 

 

$

266

 

(1) Other interest expense, net primarily consists of interest (income) expense related to the Company’s interest rate swap and interest rate cap agreements.