XML 84 R71.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Debt (Narrative) (Details) $ in Thousands, $ in Millions |  | 1 Months Ended | 3 Months Ended | 9 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
May 04, 2022 USD ($) | Sep. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Jun. 28, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 21, 2021 USD ($) | Aug. 31, 2021 USD ($) | Aug. 31, 2021 CAD ($) | Dec. 21, 2016 USD ($)
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Repayment of debt |  |  |  | $ 1,094,926 | $ 5,328 |  |  |  |  |  |
Gain (loss) on redemption of debt |  |  |  | (4,792) |  |  |  |  |  |  |
Loss on redemption of 2021 Notes |  |  |  | $ 4,792 |  |  |  |  |  |  |
2021 Notes |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Redemption price percentage | 100.00% |  |  |  |  |  |  |  |  |  |
Gain (loss) on redemption of debt | $ (4,800) |  |  |  |  |  |  |  |  |  |
Loss on redemption of 2021 Notes | $ 4,800 |  |  |  |  |  |  |  |  |  |
Revolving Credit Facility [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Weighted average interest rate |  |  |  | 1.80% |  |  | 1.80% |  |  |  |
Fourth Amendment of the Credit Agreement [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | $ 1,000 |  |  | 1,000 |  |  |  |  |  |
Unamortized deferred debt issue costs |  |  |  | $ 4,300 |  |  |  |  |  |  |
5.375% Senior Unsecured Note, Due January 2025 [Member] | Senior Unsecured Notes [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  |  |  |  | $ 500,000
Outstanding debt |  |  |  | 500,000 |  |  | $ 500,000 |  |  |  |
Unamortized deferred debt issue costs |  |  |  | $ 4,120 |  |  | 5,469 |  |  |  |
Interest rate |  |  |  | 5.375% |  |  |  |  |  |  | 5.375%
Maturity date |  |  |  | Jan. 15, 2025 |  |  |  |  |  |  |
4.75% Senior Unsecured Note, Due December 2031 (2021 USD Notes) | Senior Unsecured Notes [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Weighted average interest rate |  |  |  | 4.75% |  |  |  |  |  |  |
Outstanding debt |  |  |  |  |  |  | 600,000 |  |  |  |
Unamortized deferred debt issue costs |  |  |  |  |  |  | 1,948 |  |  |  |
4.95% Senior Unsecured Note, Due December 2029 (2021 CAD Notes) | Senior Unsecured Notes [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Weighted average interest rate |  |  |  | 4.95% |  |  |  |  |  |  |
Outstanding debt |  |  |  |  |  |  | 333,464 |  |  |  |
Unamortized deferred debt issue costs |  |  |  |  |  |  | $ 1,127 |  |  |  |
2021 USD Notes [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Redemption price percentage | 100.00% |  |  |  |  |  |  |  |  |  |
2021 USD Notes [Member] | 2021 Notes |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  | $ 600,000 |  |  |
Interest rate |  |  |  |  |  |  |  | 4.75% |  |  |
2021 CAD Notes [Member] | 2021 Notes |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  | $ 425,000 |  |  |
Interest rate |  |  |  |  |  |  |  | 4.95% |  |  |
Revolving Credit Facility [Member] | Revolving credit facilities, Maturing September 2026 [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  |  |  | $ 681,200 |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Revolving credit facilities, Maturing October 2023 [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Available borrowing capacity |  |  |  | 5,000 |  |  |  |  |  |  |
Revolving Credit Facility [Member] | Revolving credit facilities, No Maturity [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Available borrowing capacity |  |  |  | $ 5,000 |  |  |  |  |  |  |
Delayed-draw Term Loan Facility [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Deferred debt issuance costs wrote off |  |  | $ 700 |  |  |  |  |  |  |  |
Delayed-draw Term Loan Facility [Member] | Third Amendment of the Credit Agreement [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Outstanding debt |  |  |  |  |  |  |  |  | $ 90,000 | $ 118.9 |
Delayed-draw Term Loan Facility [Member] | Fourth Amendment of the Credit Agreement [Member] |  |  |  |  |  |  |  |  |  |  |
Debt [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum borrowing capacity |  | 295,000 |  |  | 295,000 |  |  |  |  |  |
Remaining borrowing capacity |  | $ 205,000 |  |  | $ 205,000 | $ 205,000 |  |  |  |  |
Amortize in equal quarterly installments (as a percent) |  | 5.00% |  |  |  |  |  |  |  |  |

X
- Definition The percentage of amortization in equal quarterly installments in an annual amount, with the balance payable at maturity. + References No definition available. + Details
Name: | rba_PercentageOfAmortizationQuarterlyInstallments
Namespace Prefix: | rba_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: 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 Reference 3: 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 4: 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 + Details
Name: | us-gaap_DebtInstrumentCarryingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69C -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495737-112612 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: 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(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

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_DebtInstrumentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: 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_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DebtInstrumentRedemptionPricePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average interest rate of debt outstanding. + References No definition available. + Details
Name: | us-gaap_DebtWeightedAverageInterestRate
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- 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
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123467658&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=123467658&loc=d3e12317-112629 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any 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_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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 Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + 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_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3291-108585 + Details
Name: | us-gaap_RepaymentsOfLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_WriteOffOfDeferredDebtIssuanceCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

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

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rba_FivePointThreeSevenFivePercentSeniorUnsecuredNoteDueJanuary2025Member
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_DebtInstrumentAxis=rba_FourPointSevenFivePercentSeniorUnsecuredNotesDueJanuary2031Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rba_FourPointNineFivePercentSeniorUnsecuredNotesDueDecember2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rba_SeniorUnsecuredNotes2021UsdNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rba_SeniorUnsecuredNotes2021CadNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rba_RevolvingCreditFacilitiesMaturingSeptember2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=rba_RevolvingCreditFacilitiesMaturingOctober2023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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