XML 53 R42.htm IDEA: XBRL DOCUMENT v3.23.3
DEBT - Narrative (Details)
€ in Millions
9 Months Ended 12 Months Ended
Apr. 26, 2023
USD ($)
Apr. 26, 2022
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
Sep. 30, 2023
EUR (€)
May 09, 2023
USD ($)
May 09, 2023
EUR (€)
Debt                
Repayments of term loan     $ 200,000,000 $ 100,000,000        
Carrying Value                
Debt                
Debt, long-term and short-term     3,000,000,000   $ 3,200,000,000      
Fair Value                
Debt                
Long-term and short-term debt     2,500,000,000   2,700,000,000      
2022 Credit Agreement | Revolver                
Debt                
Repayments of term loan $ 200,000,000              
2022 Credit Agreement | Line of Credit | Revolver                
Debt                
Borrowing capacity, maximum   $ 1,000,000,000            
Increase in maximum borrowing capacity   $ 500,000,000            
Amended Credit Agreement                
Debt                
Maximum net leverage ratio   4.0            
Minimum interest coverage ratio   2.5            
Amount borrowed     0          
Amended Credit Agreement | Revolver                
Debt                
Borrowing capacity, maximum   $ 500,000,000            
Amended Credit Agreement | Swingline loans                
Debt                
Borrowing capacity, maximum   125,000,000            
Amended Credit Agreement | Letters of credit                
Debt                
Borrowing capacity, maximum   25,000,000            
Outstanding and unused Letters of Credit     $ 0          
Unsecured Term Loan                
Debt                
Senior unsecured loan   $ 500,000,000            
Repayments of term loan         $ 300,000,000      
Unsecured Term Loan | SOFR Rate                
Debt                
Interest rate (as a percent)   0.70%            
Syndicate Of Lender Borrowing | Loans Payable                
Debt                
Interest rate (as a percent)     4.807%     4.807%    
Short-term borrowing     $ 63,000,000     € 60 $ 77,000,000 € 70