XML 70 R51.htm IDEA: XBRL DOCUMENT v3.24.0.1
FINANCING ARRANGEMENTS - Narrative (Details)
12 Months Ended
Dec. 31, 2023
USD ($)
Nov. 07, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 01, 2022
USD ($)
Aug. 27, 2013
USD ($)
Debt Instrument [Line Items]          
Carrying value $ 1,580,487,000   $ 1,973,704,000    
Senior Notes          
Debt Instrument [Line Items]          
Debt fair value 315,700,000        
Revolving credit facility | Line of credit          
Debt Instrument [Line Items]          
Maximum commitment $ 1,000,000,000        
Maximum leverage ratio 3.75        
Basis spread on variable rate (percent) 1.00%        
Carrying value $ 160,000,000   0    
Revolving credit facility | Line of credit | Minimum          
Debt Instrument [Line Items]          
Commitment fee (percent) 0.07%        
Revolving credit facility | Line of credit | Maximum          
Debt Instrument [Line Items]          
Commitment fee (percent) 0.15%        
Revolving credit facility | Line of credit | Federal Funds Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate (percent) 0.50%        
Revolving credit facility | Line of credit | SOFR          
Debt Instrument [Line Items]          
Basis spread on variable rate (percent) 0.10%        
Note Purchase Agreement | Senior Notes          
Debt Instrument [Line Items]          
Maximum leverage ratio 3.50        
Debt instrument principal amount         $ 500,000,000
Minimum interest coverage ratio 2.00        
Maximum priority debt to total assets ratio (percent) 10.00%        
Debt instrument, redemption price (percent) 100.00%        
Receivables securitization facility | Wells Fargo Bank N.A. and Bank of America N.A.          
Debt Instrument [Line Items]          
Basis spread on variable rate (percent) 0.80%        
Line of Credit Facility, Commitment Fee Percentage 0.20%        
Receivables securitization facility | SOFR | Wells Fargo Bank N.A. and Bank of America N.A.          
Debt Instrument [Line Items]          
Basis spread on variable rate (percent) 0.10%        
Receivables securitization facility | Secured Debt          
Debt Instrument [Line Items]          
Carrying value $ 499,542,000   499,655,000    
Receivables securitization facility | Secured Debt | Wells Fargo Bank N.A. and Bank of America N.A.          
Debt Instrument [Line Items]          
Maximum commitment   $ 250,000,000      
Current funding 500,000,000 $ 500,000,000 300,000,000 $ 500,000,000  
Senior Notes | Unsecured Debt          
Debt Instrument [Line Items]          
Debt fair value $ 581,200,000        
Debt instrument, redemption price (percent) 101.00%        
Debt instrument annual interest rate (percent) 4.20%        
Debt Instrument effective yield (percent) 4.39%        
Carrying value $ 595,945,000   $ 595,049,000    
Threshold for holders of principal outstanding to declare principal and unpaid interest payable (percent) 25.00%        
364 Credit Agreement | Revolving credit facility          
Debt Instrument [Line Items]          
Maximum commitment $ 500,000,000        
US Bank | Line of credit          
Debt Instrument [Line Items]          
Maximum commitment 15,000,000        
US Bank | Standby letters of credit          
Debt Instrument [Line Items]          
Current funding $ 9,900,000