XML 135 R115.htm IDEA: XBRL DOCUMENT v3.22.0.1
Debt - Credit Facilities (Details)
12 Months Ended
Sep. 28, 2021
USD ($)
extension
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Revolving Credit Agreement        
Debt Instrument [Line Items]        
Debt instrument, term 5 years      
Line of credit facility, outstanding borrowings $ 1,000,000,000      
Number of extensions | extension 2      
Extension term 1 year      
Increase available in aggregate principal $ 500,000,000      
Amount available to request issuance of letters of credit $ 500,000,000      
Fees paid to maintain credit facility 0.23%      
Debt covenants, net debt to consolidated EBITDA ratio 3.50      
Aggregate outstanding principal amount   $ 0 $ 0  
Line of credit facility, borrowings   $ 0 0 $ 0
Revolving Credit Agreement | Quarter ending December 31, 2021        
Debt Instrument [Line Items]        
Debt covenants, net debt to consolidated EBITDA ratio 4.75      
Revolving Credit Agreement | Quarter ending March 31, 2022        
Debt Instrument [Line Items]        
Debt covenants, net debt to consolidated EBITDA ratio 4.50      
Revolving Credit Agreement | Quarter ending June 30, 2022        
Debt Instrument [Line Items]        
Debt covenants, net debt to consolidated EBITDA ratio 4.50      
Revolving Credit Agreement | Quarter ending September 30, 2022        
Debt Instrument [Line Items]        
Debt covenants, net debt to consolidated EBITDA ratio 4.25      
Revolving Credit Agreement | Quarter ending December 31, 2022        
Debt Instrument [Line Items]        
Debt covenants, net debt to consolidated EBITDA ratio 3.75      
Revolving Credit Agreement | Year ending December 31, 2021        
Debt Instrument [Line Items]        
Maximum common stock dividends and share repurchases allowed $ 450,000,000      
Revolving Credit Agreement | Year ending December 31, 2022        
Debt Instrument [Line Items]        
Maximum common stock dividends and share repurchases allowed 500,000,000      
Revolving Credit Agreement | After Amendment        
Debt Instrument [Line Items]        
Amount of principal indebtedness that would cause default $ 100,000,000      
Revolving Credit Agreement | Minimum | Base Rate and LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate 0.40%      
Revolving Credit Agreement | Maximum | Base Rate and LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.40%      
Other Credit Agreements        
Debt Instrument [Line Items]        
Line of credit facility, borrowings     0 400,000,000
Maximum borrowing capacity       640,000,000
Line of credit facility, repayment     $ 0 $ 400,000,000
Weighted-average interest rate       3.70%
Weighted-average maturity days       49 days