XML 112 R78.htm IDEA: XBRL DOCUMENT v3.22.4
Debt - Narrative (Details)
1 Months Ended 12 Months Ended
Nov. 04, 2022
USD ($)
Jan. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Nov. 30, 2021
Dec. 31, 2022
USD ($)
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 30, 2022
USD ($)
Dec. 29, 2022
USD ($)
Nov. 03, 2022
USD ($)
Sep. 26, 2022
USD ($)
Aug. 27, 2021
USD ($)
Debt Instrument [Line Items]                            
Long-term debt outstanding           $ 726,412,000                
Short-term debt       $ 1,909,000,000   1,542,806,000                
Centuri secured term loan facility                            
Debt Instrument [Line Items]                            
Borrowings outstanding under facility           1,009,000,000.000                
Term Loan Facility due December 30, 2022 | Loans Payable                            
Debt Instrument [Line Items]                            
Debt instrument, term         364 days                  
Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Borrowings outstanding under facility           1,150,000,000                
Debt instrument face amount                         $ 1,600,000,000  
Debt covenant, additional debt amount could be issued           1,200,000,000                
Short-term debt           $ 72,000,000                
Weighted average interest rate           6.423%                
Debt instrument, term         364 days                  
Repayments of debt           $ 1,075,000,000.000                
Change intervals of basis spread on variable rate           0.25%                
Debt term, mandatory prepayment as percentage of cash proceeds received         100.00%                  
Debt term, percentage of committed amount under specific acquisition financings         100.00%                  
Loans Payable | Term Loan Facility Due December 30, 2023 | Forecast                            
Debt Instrument [Line Items]                            
Lenders fees, percentage of outstanding principal balance             0.20% 0.15% 0.10%          
Minimum | Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Commitment fee percentage         0.06%                  
Maximum | Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Commitment fee percentage         0.175%                  
SOFR | Minimum | Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate         1.50%                  
SOFR | Maximum | Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate         2.25%                  
Alternative Base Rate | Minimum | Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate         0.50%                  
Alternative Base Rate | Maximum | Term Loan Facility Due December 30, 2023 | Loans Payable                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate         1.25%                  
$300 Million Credit Facility                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity                   $ 300,000,000        
Line of credit facility, maximum commitment amount           $ 300,000,000                
Short-term debt       $ 59,000,000   $ 173,000,000                
Weighted average interest rate       1.323%   5.588%                
$300 Million Credit Facility | SOFR                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate           1.25%                
$300 Million Credit Facility | Alternative Base Rate                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate           0.25%                
$200 Million Credit Facility                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity                     $ 200,000,000      
Southwest Gas Corporation                            
Debt Instrument [Line Items]                            
Long-term debt outstanding           $ 457,500,000                
Debt covenant, additional debt amount could be issued           2,500,000,000                
Debt covenant, equity cushion relating to minimum net worth requirement           2,000,000,000                
Short-term debt       $ 250,000,000   $ 225,000,000                
Southwest Gas Corporation | $250 Million Term Loan (March 2021 Term Loan)                            
Debt Instrument [Line Items]                            
Debt covenant, ratio of funded debt to total capitalization           0.70                
Debt instrument face amount     $ 250,000,000                      
Short-term debt           $ 225,000,000                
Weighted average interest rate           5.173%                
Southwest Gas Corporation | $450 Million Term Loan | Subsequent Event                            
Debt Instrument [Line Items]                            
Debt covenant, ratio of funded debt to total capitalization   0.70                        
Debt instrument face amount   $ 450,000,000                        
Debt instrument, term   364 days                        
Southwest Gas Corporation | Debentures                            
Debt Instrument [Line Items]                            
Long-term debt outstanding           $ 407,500,000                
Southwest Gas Corporation | Debentures | Notes, 4.05%, due 2032                            
Debt Instrument [Line Items]                            
Debt instrument face amount     $ 600,000,000                      
Debt instrument interest rate     4.05%     4.05%                
Debt instrument discount rate     0.65%                      
Southwest Gas Corporation | Debentures | Notes, 3.875%, due 2022                            
Debt Instrument [Line Items]                            
Debt instrument face amount     $ 250,000,000                      
Debt instrument interest rate     3.875% 3.875%                    
Southwest Gas Corporation | Debentures | Notes, 6.1%, due 2041                            
Debt Instrument [Line Items]                            
Debt instrument interest rate           6.10%                
Southwest Gas Corporation | SOFR | $450 Million Term Loan | Subsequent Event                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate   0.95%                        
Debt interest adjustment rate   0.10%                        
Southwest Gas Corporation | SOFR | Minimum | $250 Million Term Loan (March 2021 Term Loan)                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate     0.55%                      
Southwest Gas Corporation | SOFR | Maximum | $250 Million Term Loan (March 2021 Term Loan)                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate     1.00%                      
Southwest Gas Corporation | Alternative Base Rate | $250 Million Term Loan (March 2021 Term Loan)                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate     0.00%                      
Southwest Gas Corporation | Alternative Base Rate | $450 Million Term Loan | Subsequent Event                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate   0.00%                        
Southwest Gas Corporation | $400 Million Credit Facility                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity           $ 400,000,000                
Line of credit designated as long term debt           150,000,000                
Line of credit designated for working capital purposes           $ 250,000,000                
Debt covenant, ratio of funded debt to total capitalization           0.70                
Long-term debt outstanding           $ 50,000,000                
Effective interest rates           5.88%                
Short-term debt       $ 0   $ 0                
Southwest Gas Corporation | $400 Million Credit Facility | Minimum                            
Debt Instrument [Line Items]                            
Commitment fee percentage       0.075%                    
Southwest Gas Corporation | $400 Million Credit Facility | Maximum                            
Debt Instrument [Line Items]                            
Commitment fee percentage       0.20%                    
Southwest Gas Corporation | $400 Million Credit Facility | SOFR                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate           1.125%                
Southwest Gas Corporation | $400 Million Credit Facility | SOFR | Minimum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate       0.75%                    
Southwest Gas Corporation | $400 Million Credit Facility | SOFR | Maximum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate       1.50%                    
Southwest Gas Corporation | $400 Million Credit Facility | Alternative Base Rate                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate           0.125%                
Southwest Gas Corporation | $400 Million Credit Facility | Alternative Base Rate | Minimum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate       0.00%                    
Southwest Gas Corporation | $400 Million Credit Facility | Alternative Base Rate | Maximum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate       0.50%                    
Southwest Gas Corporation | Commercial Paper Program                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity           $ 50,000,000                
Borrowings outstanding under facility           0                
Centuri                            
Debt Instrument [Line Items]                            
Debt covenant, additional debt amount could be issued           222,000,000                
Debt covenant, equity cushion relating to minimum fixed charge ratio coverage requirement           $ 33,000,000                
Debt covenant, dividend restriction calculation, percentage of net income           50.00%                
Debt covenant, dividend restriction calculation, period           12 months                
Centuri | Centuri Secured Term Loan Facility And Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity           $ 1,545,000,000                
Borrowings outstanding under facility           $ 1,091,000,000.000                
Effective interest rates           7.20%                
Centuri | Centuri secured term loan facility                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity                           $ 1,145,000,000
Centuri | Minimum | Centuri Secured Term Loan Facility And Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Commitment fee percentage           0.15%                
Centuri | Maximum | Centuri Secured Term Loan Facility And Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Commitment fee percentage           0.35%                
Centuri | Alternative Base Rate | Centuri secured term loan facility                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate           1.50%                
Centuri | LIBOR | Centuri secured term loan facility                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate           2.50%                
Debt floor interest rate           0.50%                
Centuri | Revolving Credit Facility | Line of Credit                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity                           $ 400,000,000
Debt covenant, minimum interest coverage ratio           2.50                
Debt secured by assets           $ 2,500,000,000                
Centuri | Revolving Credit Facility | Line of Credit | From December 31, 2022 through June 30, 2023                            
Debt Instrument [Line Items]                            
Debt covenant, net leverage ratio           6.00                
Centuri | Revolving Credit Facility | Line of Credit | From July 1, 2023 through September 30, 2023                            
Debt Instrument [Line Items]                            
Debt covenant, net leverage ratio           5.50                
Centuri | Revolving Credit Facility | Line of Credit | From October 1, 2023 through December 31, 2023                            
Debt Instrument [Line Items]                            
Debt covenant, net leverage ratio           4.50                
Centuri | Revolving Credit Facility | Line of Credit | From January 1, 2024 and thereafter                            
Debt Instrument [Line Items]                            
Debt covenant, net leverage ratio           4.00                
Centuri | Revolving Credit Facility | SOFR | Minimum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate 1.00%                          
Centuri | Revolving Credit Facility | SOFR | Maximum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate 2.50%                          
Centuri | Revolving Credit Facility | CDOR | Minimum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate 0.00%                          
Centuri | Revolving Credit Facility | CDOR | Maximum                            
Debt Instrument [Line Items]                            
Debt, basis spread on variable rate 1.50%                          
Centuri | Letter of Credit                            
Debt Instrument [Line Items]                            
Credit facility maximum borrowing capacity $ 125,000,000                     $ 100,000,000