XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.20.2

DEBT (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Debt Instruments [Abstract] |
Long-term Debt | Long-term debt (including finance lease obligations) as of June 30, 2020 and December 31, 2019 consisted of the following:
| June 30, 2020 |  | December 31, 2019
4.75% Senior Notes due January 2020 | $ | — |  |  | $ | 500 |
2.50% Senior Notes due March 2020 | — |  |  | 300 |
4.70% Senior Notes due April 2021 | 552 |  |  | 554 |
4.25% Senior Notes due April 2024 | 318 |  |  | 308 |
3.50% Senior Notes due March 2025 | 624 |  |  | 593 |
3.45% Senior Notes due June 2026 | 513 |  |  | 490 |
4.20% Senior Notes due June 2029 | 499 |  |  | 499 |
2.95% Senior Notes due June 2030 | 798 |  |  | 798 |
2.80% Senior Notes due June 2031 | 549 |  |  | — |
6.95% Senior Notes due July 2037 | 175 |  |  | 175 |
5.75% Senior Notes due January 2040 | 245 |  |  | 245 |
4.70% Senior Notes due March 2045 | 300 |  |  | 300 |
Other | 32 |  |  | 34 |
Debt issuance costs | (30) |  |  | (26) |
Total long-term debt | 4,575 |  |  | 4,770 |
Less: Current portion of long-term debt | 555 |  |  | 804 |
Total long-term debt, net of current portion | $ | 4,020 |  |  | $ | 3,966 |
Schedule of Leverage Ratio Covenants | Pursuant to the amendment, the leverage ratio covenant (as defined in the senior unsecured revolving credit facility) was increased from the second quarter of 2020 as follows:
As of: |  | Applicable Covenant:
June 30, 2020 |  | no more than 5 times EBITDA
September 30, 2020 |  | no more than 5.5 times EBITDA
December 31, 2020 |  | no more than 6.5 times EBITDA
March 31, 2021 |  | no more than 6.25 times EBITDA
June 30, 2021 |  | no more than 4.5 times EBITDA
Schedule of Maturities of Long-term Debt | As of June 30, 2020, long-term debt matures as follows:
Year Ending December 31, |
Remainder of 2020 | $ | 2 |
2021 | 553 |
2022 | 3 |
2023 | 1 |
2024 | 302 |
Thereafter | 3,696 |
Total maturities of long-term debt | 4,557 |
Unamortized discount | (11) |
Debt issuance costs | (30) |
Fair value basis adjustments attributable to hedged debt | 59 |
Total long-term debt | 4,575 |
Current portion of long-term debt | 555 |
Total long-term debt, net of current portion | $ | 4,020 |

X
- Definition Schedule of Leverage Ratio Covenants + References No definition available. + Details
Name: | dgx_ScheduleOfLeverageRatioCovenantsTableTextBlock
Namespace Prefix: | dgx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtInstrumentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration