Schedule I - Condensed Financial Information of Parent (Tables)

12 Months Ended

Dec. 31, 2023

Debt Details [Line Items]

Schedule of Recourse Debt Detail

The following table summarizes the carrying amount and terms of recourse debt of the Company as of the periods indicated (in millions):

	Interest Rate	Final Maturity	December 31, 2023		December 31, 2022
Senior Variable Rate Term Loan	SOFR + 1.125%	2024	$	200	$	200
Senior Unsecured Note	3.30%	2025	900		900
Senior Unsecured Note	1.375%	2026	800		800
Drawings on revolving credit facility	SOFR + 1.75%	2027	—		325
Senior Unsecured Note	5.45%	2028	900		—
Senior Unsecured Note	3.95%	2030	700		700
Senior Unsecured Note	2.45%	2031	1,000		1,000
Unamortized (discount) premium & debt issuance (costs), net			(36)		(31)
Subtotal			$	4,464	$	3,894
Less: Current maturities			(200)		—
Noncurrent maturities			$	4,264	$	3,894

			December 31,
	Interest Rate	Maturity	2023		2022
Senior Variable Rate Term Loan	SOFR + 1.125%	2024	$	200	$	200
Senior Unsecured Note	3.30%	2025	900		900
Senior Unsecured Note	1.375%	2026	800		800
Drawings on revolving credit facility	SOFR + 1.75%	2027	—		325
Senior Unsecured Note	5.45%	2028	900		—
Senior Unsecured Note	3.95%	2030	700		700
Senior Unsecured Note	2.45%	2031	1,000		1,000
Unamortized (discounts)/premiums & debt issuance (costs)			(36)		(31)
Subtotal			$	4,464	$	3,894
Less: Current maturities			(200)		—
Noncurrent maturities			$	4,264	$	3,894

Junior Subordinated Notes Payable

			December 31,
	Interest Rate	Maturity	2023		2022
Senior Variable Rate Term Loan	SOFR + 1.125%	2024	$	200	$	200
Senior Unsecured Note	3.30%	2025	900		900
Senior Unsecured Note	1.375%	2026	800		800
Drawings on revolving credit facility	SOFR + 1.75%	2027	—		325
Senior Unsecured Note	5.45%	2028	900		—
Senior Unsecured Note	3.95%	2030	700		700
Senior Unsecured Note	2.45%	2031	1,000		1,000
Unamortized (discounts)/premiums & debt issuance (costs)			(36)		(31)
Subtotal			$	4,464	$	3,894
Less: Current maturities			(200)		—
Noncurrent maturities			$	4,264	$	3,894

Future Maturities of Debt

The following table summarizes the principal amounts due under our recourse debt for the next five years and thereafter (in millions):

December 31,	Annual Maturities
2024	$	200
2025	900
2026	800
2027	—
2028	900
Thereafter	1,700
Unamortized (discount) premium & debt issuance (costs), net	(36)
Total recourse debt	$	4,464

As of December 31, 2023 scheduled maturities are presented in the following table (in millions):

December 31,	Annual Maturities
2024	$	200
2025	900
2026	800
2027	—
2028	900
Thereafter	1,700
Unamortized (discount)/premium & debt issuance (costs), net	(36)
Total debt	$	4,464