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v3.23.1

Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) | 3 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Mar. 31, 2023 | Dec. 31, 2022 | Apr. 30, 2022 | Aug. 31, 2021 | Feb. 01, 2019
Debt |  |  |  |  |
Total | $ 15,000,000 | $ 12,000,000 |  |  |
Total Debt | 9,523,000,000 | 9,463,000,000 |  |  |
Less: total current maturities | 122,000,000 | 196,000,000 |  |  |
Less: total deferred financing costs | 10,000,000 | 11,000,000 |  |  |
Total long-term debt | 9,391,000,000 | 9,256,000,000 |  |  |
Senior Secured Revolving Credit Facility |  |  |  |  |
Debt |  |  |  |  |
Principal amount | 210,000,000 |  |  |  |
Carrying value | $ 210,000,000 | 80,000,000 |  |  |
Credit facility, unused capacity, commitment fee percentage | 0.25% |  |  |  |
Senior Notes | 1.75% Senior Notes Due 2023 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 1.75% |  |  |  |
Principal amount | $ 118,000,000 |  |  |  |
Carrying value | $ 118,000,000 | 193,000,000 |  |  |
Senior Notes | 1.75% Senior Notes Due 2023 | Pandora |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 1.75% |  |  |  |
Long-term debt |  |  |  |  | $ 193,000,000
Repurchase amount | $ 75,000,000 |  |  |  |
Debt instrument redemption price (as a percent of aggregate principal) | 100.00% |  |  |  |
Senior Notes | 3.125% Senior Notes Due 2026 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 3.125% |  |  |  |
Principal amount | $ 1,000,000,000 |  |  |  |
Carrying value | $ 992,000,000 | 992,000,000 |  |  |
Senior Notes | 5.00% Senior Notes Due 2027 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 5.00% |  |  |  |
Principal amount | $ 1,500,000,000 |  |  |  |
Carrying value | $ 1,493,000,000 | 1,492,000,000 |  |  |
Senior Notes | 4.00% Senior Notes Due 2028 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 4.00% |  |  |  |
Principal amount | $ 2,000,000,000 |  |  |  |
Carrying value | $ 1,983,000,000 | 1,982,000,000 |  |  |
Senior Notes | 5.500% Senior Notes Due 2029 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 5.50% |  |  |  |
Principal amount | $ 1,250,000,000 |  |  |  |
Carrying value | $ 1,240,000,000 | 1,240,000,000 |  |  |
Senior Notes | 4.125% Senior Notes Due 2030 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 4.125% |  |  |  |
Principal amount | $ 1,500,000,000 |  |  |  |
Carrying value | $ 1,487,000,000 | 1,487,000,000 |  |  |
Senior Notes | 3.875% Senior Notes Due 2031 |  |  |  |  |
Debt |  |  |  |  |
Stated interest rate (as a percent) | 3.875% |  |  |  |
Principal amount | $ 1,500,000,000 |  |  |  |
Carrying value | 1,485,000,000 | 1,485,000,000 |  |  |
Line of Credit | Incremental Term Loan |  |  |  |  |
Debt |  |  |  |  |
Principal amount | 500,000,000 |  | $ 500,000,000 |  |
Carrying value | $ 500,000,000 | $ 500,000,000 |  |  |
Line of Credit | Senior Secured Revolving Credit Facility |  |  |  |  |
Debt |  |  |  |  |
Line of credit facility |  |  |  | $ 1,750,000,000 |

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