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v3.20.4

Debt (Narrative) (Details) - USD ($) |  | 1 Months Ended | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Sep. 14, 2020 | May 31, 2020 | Jan. 01, 2021 | Jan. 03, 2020 | Jan. 01, 2021 | Jan. 03, 2020 | Sep. 15, 2020 | Apr. 03, 2020 | Feb. 29, 2020
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Interest expense paid |  |  |  |  | $ 119,000,000 | $ 133,000,000 |  |  |
Adjustment to stockholders' equity |  |  |  |  | 581,000,000 |  |  |  |
Gain on extinguishment of debt |  |  | $ 0 | $ 0 | $ 20,000,000 | $ 0 |  |  |
Stock closing price (in dollars per share) |  |  | $ 20.78 |  | $ 20.78 |  |  |  |
Debt covenant, consolidated leverage ratio |  |  | 5.25 |  | 5.25 |  |  |  |
Debt covenant, consolidated leverage ratio if acquisition incurred |  |  | 5.75 |  | 5.75 |  |  |  |
Debt covenant, aggregate acquisition amount benchmark |  |  | $ 250,000,000 |  | $ 250,000,000 |  |  |  |
Revolving Credit Facility |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Revolving line of credit |  |  |  |  | 1,000,000,000 |  |  |  |
Line of credit, amount outstanding |  |  | $ 0 |  | $ 0 |  |  | $ 0 |
Minimum | Revolving Credit Facility |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, commitment fee percentage |  |  |  |  | 0.125% |  |  |  |
Maximum | Revolving Credit Facility |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Line of credit facility, commitment fee percentage |  |  |  |  | 0.30% |  |  |  |
Convertible Debt | 2.5% Convertible Senior Notes due April 1, 2022 |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  |  |  | $ 250,000,000
Stated interest rate |  |  |  | 2.50% |  | 2.50% |  |  | 2.50%
Conversion price (in dollars per share) |  |  |  | $ 16.77 |  | $ 16.77 |  |  |
Convertible Debt | 2.0% Convertible Senior Notes due August 15, 2022 |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Principal amount |  | $ 625,000,000 |  |  |  |  |  |  | $ 625,000,000
Stated interest rate |  | 2.00% | 2.00% |  | 2.00% |  |  | 2.00% | 2.00%
Payment for debt extinguishment |  | $ 1,179,000,000 |  |  |  |  |  |  |
Conversion price (in dollars per share) |  | $ 19.25 | $ 10.23 | $ 20.41 | $ 10.23 | $ 20.41 |  |  |
Interest expense paid |  | $ 3,000,000 |  |  |  |  |  |  |
Adjustment to stockholders' equity |  | 581,000,000 |  |  |  |  |  |  |
Gain on extinguishment of debt |  | $ 20,000,000 |  |  |  |  |  |  |
Convertible Debt | New 2.5% Convertible Senior Notes due April 1, 2022 |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  | 2.50% |  | 2.50% |  |  |  |
Conversion price (in dollars per share) |  |  | $ 16.77 |  | $ 16.77 |  |  |  |
If-converted value in excess of principal |  |  |  |  | $ 60,000,000 |  |  |  |
Convertible Debt | New 2.0% Convertible Senior Notes due August 15, 2022 |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  | 2.00% |  | 2.00% |  |  |  |
Conversion price (in dollars per share) |  |  | $ 20.41 |  | $ 20.41 |  |  |  |
If-converted value in excess of principal |  |  |  |  | $ 11,000,000 |  |  |  |
Senior Notes | 4.2% Senior Notes due September 15, 2020 |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Principal amount |  |  |  |  |  |  | $ 750,000,000 |  |
Stated interest rate |  |  |  |  |  |  | 4.20% | 4.20% |
Term loan | Delayed Draw Term Loan due November 4, 2024 |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Principal amount | $ 750,000,000 |  |  |  |  |  |  |  |
Quarterly installment payment (as a percent) | 1.25% |  |  |  |  |  |  |  |
Term loan | Delayed Draw Term Loan due November 4, 2024 | Minimum | LIBOR |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Basis spread on variable rate | 1.125% |  |  |  |  |  |  |  |
Term loan | Delayed Draw Term Loan due November 4, 2024 | Maximum | LIBOR |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |
Basis spread on variable rate | 1.75% |  |  |  |  |  |  |  |

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- Definition Amount of cash outflow for cost from early extinguishment and prepayment of debt. Includes, but is not limited to, third-party cost, premium paid, and other fee paid to lender directly for debt extinguishment or debt prepayment. Excludes accrued interest. + 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 (g) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3291-108585 + Details
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