XML 56 R44.htm IDEA: XBRL DOCUMENT
v3.21.2

FINANCING (Unsecured Revolving Credit Facility) (Narrative) (Details) - Line of credit facility [Member] - USD ($) $ in Millions | 6 Months Ended |
--- | --- | ---
Jun. 30, 2021 | Dec. 31, 2020
Financing |  |
Unsecured revolving credit facility | $ 0.0 | $ 0.0
Unsecured debt [Member] |  |
Financing |  |
Credit agreement inception date | Jun. 15, 2021 |
Number of years in credit facility, term | 5 years |
Current maximum borrowing capacity under credit facility | $ 1,800.0 |
Maximum aggregate increase to credit facility allowable | 900.0 |
Maximum aggregate capacity of credit facility allowable | 2,700.0 |
Letters of credit | $ 84.0 | $ 66.4
Line of credit facility fee percentage | 0.10% |
Minimum debt instrument consolidated fixed charge coverage ratio covenant | 2.50 |
Maximum debt instrument consolidated leverage ratio covenant | 3.50 |
Unsecured debt [Member] | Spread over Alternate Base rate [Member] |  |
Financing |  |
Line of credit current interest rate | 0.00% |
Unsecured debt [Member] | Spread over Eurodollar Revolving rate [Member] |  |
Financing |  |
Line of credit current interest rate | 0.90% |
Unsecured debt [Member] | Letter of credit [Member] |  |
Financing |  |
Line of credit facility sublimit | $ 200.0 |
Unsecured debt [Member] | Swing line revolver [Member] |  |
Financing |  |
Line of credit facility sublimit | $ 75.0 |

X
- Definition The minimum fixed charge coverage ratio the Company is required to maintain in order to be in compliance with the covenant clauses of the debt agreement. + References No definition available. + Details
Name: | orly_DebtInstrumentCoverageRatioCovenantMinimum
Namespace Prefix: | orly_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum consolidated leverage ratio the Company is required to remain below in order to maintain compliance with the covenant clauses of the debt agreement. + References No definition available. + Details
Name: | orly_DebtInstrumentLeverageRatioCovenantMaximum
Namespace Prefix: | orly_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum aggregate amount at any time the credit facility may be increase to at the Company's option. + References No definition available. + Details
Name: | orly_LineOfCreditFacilityMaximumAggregateCapacity
Namespace Prefix: | orly_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The maximum aggregate amount the credit facility may be increased by at the Company's option. + References No definition available. + Details
Name: | orly_LineOfCreditFacilityMaximumIncrease
Namespace Prefix: | orly_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A restriction on the borrowing capacity of the line of credit facility. The restriction places a sublimit on the amount that can be borrowed for specific purposes. + References No definition available. + Details
Name: | orly_LineOfCreditFacilitySublimit
Namespace Prefix: | orly_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date the credit facility first became available, in YYYY-MM-DD format. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityInitiationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + 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 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period between issuance and maturity of long-term debt, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_LongTermDebtTerm
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | instant

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). + 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(a)(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
Name: | us-gaap_UnsecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_UnsecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_BaseRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=orly_EuroDollarRateSpreadMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_LetterOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=orly_SwingLineRevolverMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |