XML 76 R67.htm IDEA: XBRL DOCUMENT v3.22.1
Note 12 - Financing Agreements (Details Textual)
€ in Millions, $ in Millions
1 Months Ended 3 Months Ended
Nov. 24, 2021
USD ($)
Rate
Jun. 10, 2021
USD ($)
May 28, 2021
USD ($)
May 28, 2021
EUR (€)
May 17, 2021
USD ($)
May 13, 2021
USD ($)
Mar. 25, 2021
USD ($)
Rate
May 31, 2021
USD ($)
Mar. 31, 2022
USD ($)
Rate
May 28, 2021
EUR (€)
Revolving Credit Facility [Member]                    
Debt Issuance Costs, Gross             $ 2      
Line of Credit Facility, Maximum Borrowing Capacity             1,150      
Long-term Line of Credit, Total                 $ 265  
Letters of Credit Outstanding, Amount                 21  
Line of Credit Facility, Remaining Borrowing Capacity                 $ 864  
Debt Instrument, Covenant, Maximum First Lien Net Leverage Ratio                 2.00  
Letter of Credit [Member]                    
Line of Credit Facility, Maximum Borrowing Capacity             $ 275      
Line of Credit Facility, Commitment Fee Percentage (Rate) | Rate             0.125%      
Senior Notes due April 15, 2025 [Member]                    
Debt Instrument, Interest Rate, Stated Percentage [1]                 5.75%  
Senior Notes due December 15, 2024 [Member]                    
Repayments of Debt         $ 171 $ 254        
Debt Instrument, Redemption Price, Percentage         101.833% 102.00%        
Gain (Loss) on Extinguishment of Debt, Total               $ (8)    
Payment for Debt Extinguishment or Debt Prepayment Cost               8    
Write off of Deferred Debt Issuance Cost               3    
Gain (Loss) from Amortization of Fair Value Adjustment to Debt from Fair Value Hedge               $ 3    
Senior Notes DueSeptember 1, 2030 [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 100.00%  
Debt Instrument, Face Amount           $ 400        
Debt Instrument, Interest Rate, Stated Percentage           4.25%     4.25%  
Proceeds from Debt, Net of Issuance Costs           $ 395        
Debt Issuance Costs, Gross           $ 5        
Senior Notes DueSeptember 1, 2030 [Member] | Redeem up to 40% of Aggregate Principle Amount [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 104.25%  
Senior Notes DueSeptember 1, 2030 [Member] | Redeem up to 40% of Aggregate Principle Amount [Member] | Minimum [Member]                    
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) | Rate                 50.00%  
Senior Notes Due July 15, 2029 [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 100.00%  
Debt Instrument, Face Amount     $ 396             € 325
Debt Instrument, Interest Rate, Stated Percentage     3.00%           3.00% 3.00%
Proceeds from Debt, Net of Issuance Costs     $ 391 € 320            
Debt Issuance Costs, Gross     $ 6             € 5
Senior Notes Due July 15, 2029 [Member] | Redeem up to 40% of Aggregate Principle Amount [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 103.00%  
Senior Notes Due July 15, 2029 [Member] | Redeem up to 40% of Aggregate Principle Amount [Member] | Minimum [Member]                    
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) | Rate                 50.00%  
Senior Notes due June 1, 2026 [Member]                    
Debt Instrument, Redemption Price, Percentage   103.25%                
Gain (Loss) on Extinguishment of Debt, Total   $ (16)                
Payment for Debt Extinguishment or Debt Prepayment Cost   12                
Write off of Deferred Debt Issuance Cost   $ 4                
Senior Notes due February 15, 2032 [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 100.00%  
Debt Instrument, Face Amount $ 350                  
Debt Instrument, Interest Rate, Stated Percentage 4.50%               4.50%  
Proceeds from Debt, Net of Issuance Costs $ 345                  
Debt Issuance Costs, Gross $ 5                  
Senior Notes due February 15, 2032 [Member] | Redeem up to 40% of Aggregate Principle Amount [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 104.50%  
Senior Notes due February 15, 2032 [Member] | Redeem up to 40% of Aggregate Principle Amount [Member] | Minimum [Member]                    
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) | Rate                 50.00%  
Senior Notes due November 15, 2027 [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 100.00%  
Debt Instrument, Interest Rate, Stated Percentage                 5.375%  
Senior Notes due November 15, 2027 [Member] | Redeem up to 35% of Aggregate Principle Amount [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 105.375%  
Senior Notes due November 15, 2027 [Member] | Redeem up to 35% of Aggregate Principle Amount [Member] | Minimum [Member]                    
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) | Rate                 50.00%  
Senior Notes due June 15, 2028 [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 100.00%  
Debt Instrument, Interest Rate, Stated Percentage                 5.625%  
Senior Notes due June 15, 2028 [Member] | Redeem up to 35% of Aggregate Principle Amount [Member]                    
Debt Instrument, Redemption Price, Percentage | Rate                 105.625%  
Senior Notes due June 15, 2028 [Member] | Redeem up to 35% of Aggregate Principle Amount [Member] | Minimum [Member]                    
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) | Rate                 50.00%  
Currency Swap [Member] | Senior Notes due April 15, 2025 [Member] | Cash Flow Hedging [Member]                    
Derivative, Term of Contract (Year)                 8 years  
Derivative, Fixed Interest Rate                 3.85%  
Debt Instrument, Interest Rate, Stated Percentage                 5.75%  
[1] In conjunction with the issuance of the April 2025 Notes we entered into 8-year fixed-to-fixed cross-currency swaps which have the effect of economically converting the April 2025 Notes to euro-denominated debt at a fixed rate of 3.850%. See Note 13 for additional information.