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v3.21.2

Long-Term Obligations and Commitments - Narrative (Details) |  | 1 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Jul. 16, 2021 USD ($) | Jun. 30, 2021 series | Jun. 30, 2020 USD ($) | Jul. 31, 2021 USD ($) | Jul. 31, 2020 USD ($) | Jul. 31, 2019 USD ($) | Feb. 19, 2019 USD ($)
Debt Instrument [Line Items] |  |  |  |  |  |  |
Number of unsecured note series | series |  | 4 |  |  |  |  |
Proceeds from issuance of long-term debt, net of discount and issuance costs |  |  |  | $ 0 | $ 1,983,000,000 | $ 0 |
Interest paid |  |  |  | 30,000,000 | 14,000,000 | 17,000,000 |
Line of Credit | Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest paid |  |  |  | 1,000,000 | 2,000,000 | $ 0 |
The Notes | Senior Unsecured Notes |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Proceeds from issuance of long-term debt, net of discount and issuance costs |  |  | $ 1,980,000,000 |  |  |  |
Debt discount |  |  | 2,000,000 |  |  |  |
Debt issuance costs |  |  | $ 15,000,000 |  |  |  |
Interest paid |  |  |  | 24,000,000 | 0 |  |
Repurchase price (in percent) |  |  | 101.00% |  |  |  |
Secured Revolving Credit Facility | Revolving Credit Facility |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest paid |  |  |  | 3,000,000 | $ 3,000,000 |  |
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsidiary |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Revolving credit facility |  |  |  |  |  |  | $ 300,000,000
Committed portion of revolving credit facility | $ 150,000,000 |  |  |  |  |  |
Uncommitted portion of revolving credit facility | $ 150,000,000 |  |  |  |  |  |
Amount outstanding under credit facility |  |  |  | $ 48,000,000 |  |  |
Weighted-average interest rate |  |  |  | 3.21% |  |  |
Amounts secured on outstanding balance |  |  |  | $ 199,000,000 |  |  |
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsidiary | Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest accrual, unused portion | 0.25% |  |  |  |  |  |
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | Subsidiary | Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest accrual, unused portion | 0.75% |  |  |  |  |  |
Secured Revolving Credit Facility | Line of Credit | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Subsidiary |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate | 1.50% |  |  |  |  |  |

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- Definition Amount of assets pledged to secure a debt instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 + Details
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- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph e -URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 + Details
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
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- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123431023&loc=d3e4297-108586 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 17 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3367-108585 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3536-108585 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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