XML 101 R79.htm IDEA: XBRL DOCUMENT v3.21.1
Debt (Narrative) (Details)
12 Months Ended
May 13, 2021
USD ($)
$ / shares
May 07, 2021
USD ($)
Sep. 14, 2020
USD ($)
May 26, 2020
USD ($)
$ / shares
Mar. 10, 2020
USD ($)
Mar. 05, 2020
USD ($)
$ / shares
Feb. 04, 2020
USD ($)
$ / shares
Jan. 31, 2020
USD ($)
$ / shares
Nov. 11, 2019
USD ($)
$ / shares
Nov. 04, 2019
USD ($)
Apr. 02, 2021
USD ($)
seniorNote
$ / shares
Apr. 03, 2020
USD ($)
$ / shares
Mar. 29, 2019
USD ($)
$ / shares
Sep. 15, 2020
USD ($)
Feb. 09, 2017
USD ($)
Aug. 01, 2016
USD ($)
Mar. 04, 2016
USD ($)
Debt Instrument [Line Items]                                  
Long-term debt                     $ 3,601,000,000 $ 4,221,000,000          
Debt, gross                     3,620,000,000 4,250,000,000          
Special dividend (in dollars per share) | $ / shares                 $ 12                
Extinguishment of debt with borrowings from the same creditors                     0 1,073,000,000 $ 0        
Gain (loss) on extinguishment of debt                     20,000,000 0 0        
Payment for debt extinguishment                     0 546,000,000 0        
Payment of accrued interest                     $ 139,000,000 179,000,000 183,000,000        
Share price (in dollars per share) | $ / shares                     $ 21.42            
Term Loan due November 4, 2024                                  
Debt Instrument [Line Items]                                  
Debt instrument term                   5 years              
Debt Instrument, face amount                   $ 500,000,000              
Delayed Term Loan due November 4, 2024                                  
Debt Instrument [Line Items]                                  
Debt instrument term                   5 years              
Debt Instrument, face amount                   $ 750,000,000              
Amount drawn from credit agreement     $ 750,000,000                            
Quarterly installment payment (as a percent)                   1.25%              
First Amendment Additional Term Loan | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Debt instrument term   5 years                              
Debt Instrument, face amount   $ 525,000,000                              
Credit Agreement, First Amendment | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Long-term debt   $ 1,750,000,000                              
Quarterly installment payment (as a percent)   1.25%                              
2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Leverage ratio                   5.25              
Leverage ratio if acquisition incurred                   5.75              
Aggregate acquisition amount benchmark                   $ 250,000,000              
Senior Notes                                  
Debt Instrument [Line Items]                                  
Number of debt instrument | seniorNote                     2            
Senior Notes | 5.0% Senior Notes due April 15, 2025                                  
Debt Instrument [Line Items]                                  
Debt, gross                     $ 1,100,000,000 1,100,000,000     $ 1,100,000,000    
Stated interest rate (as a percent)                     5.00%       5.00%    
Senior Notes | 4.20% Senior Notes due September 15, 2020                                  
Debt Instrument [Line Items]                                  
Debt Instrument, face amount                           $ 750,000,000      
Debt, gross                     $ 0 $ 750,000,000          
Stated interest rate (as a percent)                     4.20% 4.20%   4.20%      
Senior Notes | 3.95% Senior Notes due June 15, 2022                                  
Debt Instrument [Line Items]                                  
Debt, gross                     $ 400,000,000 $ 400,000,000          
Stated interest rate (as a percent)                     3.95%       3.95%    
Convertible Debt                                  
Debt Instrument [Line Items]                                  
Gain (loss) on extinguishment of debt             $ 2,000,000                    
Conversion period prior to maturity dates               6 months                  
Payments in lieu of conversion price adjustments                     $ 12,000,000 $ 11,000,000 $ 0        
Convertible Debt | 2.5% Convertible Senior Notes due April 1, 2021                                  
Debt Instrument [Line Items]                                  
Debt Instrument, face amount                                 $ 500,000,000
Stated interest rate (as a percent)         2.50%   2.50%   2.50%               2.50%
Extinguishment of debt with borrowings from the same creditors                 $ 250,000,000                
Conversion price (in USD per share) | $ / shares                       $ 8.40 $ 16.77        
Convertible Debt | 2.0% Convertible Senior Notes due August 15, 2021                                  
Debt Instrument [Line Items]                                  
Debt Instrument, face amount                               $ 1,250,000,000  
Stated interest rate (as a percent)       2.00%     2.00%   2.00%             2.00%  
Extinguishment of debt with borrowings from the same creditors                 $ 625,000,000                
Conversion price (in USD per share) | $ / shares                       $ 10.23 $ 20.41        
Payment for debt extinguishment       $ 1,176,000,000                          
Exchange and extinguishment of convertible notes, equity adjustment       578,000,000                          
Convertible Debt | New 2.5% Convertible Senior Notes due April 1, 2022                                  
Debt Instrument [Line Items]                                  
Debt Instrument, face amount           $ 250,000,000   $ 250,000,000                  
Long-term debt                     250,000,000 $ 249,000,000          
Debt, gross                     $ 250,000,000 $ 250,000,000          
Stated interest rate (as a percent)           2.50% 2.50%   2.50%   2.50%            
Cash notes payments per share (in dollars per share) | $ / shares                 $ 12                
Conversion ratio             0.0596341 0.1189814                  
Conversion price (in USD per share) | $ / shares           $ 19 $ 16.77 $ 8.40     $ 16.77 $ 16.77          
Cash note payments             $ 179,000,000                    
Gain (loss) on extinguishment of debt         $ (1,000,000)                        
Payment for debt extinguishment           $ 566,000,000                      
Payment of accrued interest           2,000,000                      
Payments in lieu of conversion price adjustments           $ 1,000,000                      
Exchange and extinguishment of convertible notes, equity adjustment         $ 316,000,000                        
Debt Instrument, if-converted, value in excess of principal                     $ 69,000,000            
Convertible Debt | New 2.5% Convertible Senior Notes due April 1, 2022 | Subsequent Event                                  
Debt Instrument [Line Items]                                  
Conversion price (in USD per share) | $ / shares $ 16.77                                
Payment for debt extinguishment $ 365,000,000                                
Convertible Debt | New 2.0% Convertible Senior Notes due August 15, 2022                                  
Debt Instrument [Line Items]                                  
Debt Instrument, face amount       $ 625,000,000       $ 625,000,000                  
Long-term debt                     620,000,000 $ 616,000,000          
Debt, gross                     $ 625,000,000 $ 625,000,000          
Stated interest rate (as a percent)       2.00%     2.00%   2.00%   2.00%            
Cash notes payments per share (in dollars per share) | $ / shares                 $ 12                
Conversion ratio             0.0489860 0.0977364                  
Conversion price (in USD per share) | $ / shares       $ 19.25     $ 20.41 $ 10.23     $ 20.41 $ 20.41          
Cash note payments             $ 367,000,000                    
Gain (loss) on extinguishment of debt       $ 20,000,000                          
Payment of accrued interest       $ 3,000,000                          
Debt Instrument, if-converted, value in excess of principal                     $ 31,000,000            
Revolving Credit Facility                                  
Debt Instrument [Line Items]                                  
Maximum borrowing capacity                   $ 1,000,000,000              
Revolving Credit Facility | Line of Credit                                  
Debt Instrument [Line Items]                                  
Line of credit, amount outstanding                     $ 0 $ 0          
Minimum | Base Rate | 2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Basis spread on variable rate                   0.125%              
Minimum | LIBOR | 2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Basis spread on variable rate                   1.125%              
Minimum | Revolving Credit Facility | 2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Commitment fee( as a percent)                   0.125%              
Maximum | Base Rate | 2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Basis spread on variable rate                   0.75%              
Maximum | LIBOR | 2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Basis spread on variable rate                   1.75%              
Maximum | Revolving Credit Facility | 2019 Credit Facility                                  
Debt Instrument [Line Items]                                  
Commitment fee( as a percent)                   0.30%