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v3.24.1.u1

DEBT - Revolving Credit Facility and Letter of Credit Facility Narrative (Details) $ in Millions |  | 3 Months Ended | 24 Months Ended |
--- | --- | --- | --- | ---
Mar. 31, 2024 USD ($) | Mar. 31, 2024 USD ($) | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($)
Debt Instrument [Line Items] |  |  |  |
Principal amount of debt outstanding | $ 11,754 | $ 11,754 | $ 11,754 | $ 11,905
Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Percentage of unused portion of line of credit commitment |  | 0.50% |  |
Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Percentage of unused portion of line of credit commitment |  | 1.25% |  |
Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Borrowing capacity increase under line of credit | 7,137 | $ 7,137 | $ 7,137 |
Percentage of total commitment under line of credit |  |  | 0.85 |
Percentage of unused portion of line of credit commitment |  | 0.375% |  |
Revolving Credit Facility | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Percentage of line of credit commitment |  | 2.00% |  |
Revolving Credit Facility | Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Percentage of line of credit commitment |  | 2.125% |  |
Revolving Credit Facility | Line of Credit |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Aggregate Principal Amount Committed/ Outstanding | $ 4,608 | $ 4,608 | $ 4,608 | 4,758
Minimum required ratio of total assets to total indebtedness | 1.5 | 1.5 | 1.5 |
Principal amount of debt outstanding | $ 1,102 | $ 1,102 | $ 1,102 | 1,413
Remaining amount available for borrowing under line of credit | $ 3,449 | 3,449 | $ 3,449 |
Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR), Credit Spread Adjustment |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate spread |  |  | 0.10% |
Revolving Credit Facility | Line of Credit | Base Rate | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate spread |  |  | 1.75% |
Revolving Credit Facility | Line of Credit | Base Rate | Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate spread |  |  | 1.875% |
Revolving Credit Facility | Line of Credit | Alternate Base Rate | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate spread |  |  | 0.75% |
Revolving Credit Facility | Line of Credit | Alternate Base Rate | Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate spread |  |  | 0.875% |
Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR) |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Interest rate spread | 1.75% |  |  |
Revolving Credit Facility | Line of Credit | Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Aggregate Principal Amount Committed/ Outstanding | $ 3,506 | 3,506 | $ 3,506 |
Revolving Credit Facility | Line of Credit | Letter of Credit |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Total Aggregate Principal Amount Committed/ Outstanding | 250 | 250 | 250 |
Borrowing capacity increase under line of credit | 50 | 50 | 50 |
Principal amount of debt outstanding | 57 | 57 | 57 | $ 60
Letter Of Credit Facility | Line of Credit | Letter of Credit |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Letter of credit facility outstanding | $ 56 | $ 56 | $ 56 |

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- Definition Line Of Credit Facility, Accordion Feature, Increase Limit + 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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481139/470-20-50-4 + 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 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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