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v3.21.2

Debt (Details) - USD ($) |  |  |  | 6 Months Ended
--- | --- | --- | --- | ---
Mar. 22, 2021 | Mar. 04, 2021 | Mar. 13, 2019 | Jun. 30, 2021 | Jun. 30, 2020
Debt |  |  |  |  |
Proceeds from issuance of debt |  | $ 1,495,000,000 |  |  |
Repayments of notes payable |  |  |  | $ 1,326,000,000 | $ 0
Gain (loss) on extinguishment of debt | $ 168,000,000 |  |  |  |
Credit Agreement dated March 13, 2019 |  |  |  |  |
Debt |  |  |  |  |
Borrowing capacity, maximum |  |  | $ 1,000,000,000.0 |  |
Increase in maximum borrowing capacity |  |  | $ 500,000,000 |  |
Maximum net leverage ratio |  |  | 4.0 |  |
Minimum interest coverage ratio |  |  | 2.5 |  |
Borrowings outstanding |  |  |  | 0 |
Credit Agreement dated March 13, 2019 | Federal funds effective rate |  |  |  |  |
Debt |  |  |  |  |
Interest rate, basis spread (as a percent) |  |  | 0.50% |  |
Credit Agreement dated March 13, 2019 | Libor rate |  |  |  |  |
Debt |  |  |  |  |
Interest rate, basis spread (as a percent) |  |  | 1.00% |  |
Credit Agreement dated March 13, 2019 | Revolver |  |  |  |  |
Debt |  |  |  |  |
Borrowing capacity, maximum |  |  | $ 500,000,000 |  |
Credit Agreement dated March 13, 2019 | Swingline loans |  |  |  |  |
Debt |  |  |  |  |
Borrowing capacity, maximum |  |  | 100,000,000 |  |
Credit Agreement dated March 13, 2019 | Letters of credit |  |  |  |  |
Debt |  |  |  |  |
Borrowing capacity, maximum |  |  | $ 25,000,000 |  |
Letters of credit outstanding, amount |  |  |  | $ 0 |
1.5 Notes and Debentures Due February 15, 2028 |  |  |  |  |
Debt |  |  |  |  |
Long-term debt, gross |  | $ 600,000,000 |  |  |
Debt instrument stated interest rate |  | 1.50% |  |  |
2.0% Notes and Debentures Due February 15, 2031 |  |  |  |  |
Debt |  |  |  |  |
Long-term debt, gross |  | $ 600,000,000 |  |  |
Debt instrument stated interest rate |  | 2.00% |  |  |
3.125 Notes and Debentures Due February 15, 2051 |  |  |  |  |
Debt |  |  |  |  |
Long-term debt, gross |  | $ 300,000,000 |  |  |
Debt instrument stated interest rate |  | 3.125% |  |  |
5.95 Notes and Debentures Due March 15, 2022 |  |  |  |  |
Debt |  |  |  |  |
Debt instrument stated interest rate | 5.95% |  |  |  |
Repayments of notes payable | $ 326,000,000 |  |  |  |
4.45 Notes and Debentures Due April 1, 2025 |  |  |  |  |
Debt |  |  |  |  |
Debt instrument stated interest rate | 4.45% |  |  |  |
Repayments of notes payable | $ 500,000,000 |  |  |  |
4.375 Notes and Debentures Due April 1, 2026 |  |  |  |  |
Debt |  |  |  |  |
Debt instrument stated interest rate | 4.375% |  |  |  |
Repayments of notes payable | $ 500,000,000 |  |  |  |

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- Definition Represents maximum Leverage Ratio. + References No definition available. + Details
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
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- 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=120520924&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
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- 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=117329964&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=117329964&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=121586364&loc=d3e3602-108585 + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + 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(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: 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 Reference 3: 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 + Details
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- 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
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- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3255-108585 + Details
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