1Q21 Financial Performance Update

1Q21 Update: $1.2B of available liquidity; Positioned for a variety of recovery scenarios Liquidity position a/o 3/31/21 ($ millions) Cash and cash equivalents (C&CE) Unborrowed Revolver Capacity $1,170 $496 • $674 million in cash and cash equivalents at 3/31/21 • Raised $345 million from 0.250% convertible notes due April 1, 2026. Net proceeds to be used for general corporate purposes, which may include repaying a portion of our 7.000% Senior Notes due 2025 before maturity. • Majority of headcount-related and discretionary cost savings expected to persist in 2021 and beyond $674 C&CE a/o March 31, 2021

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