XML 71 R50.htm IDEA: XBRL DOCUMENT v3.22.0.1

Notes and Contracts Payable (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Notes and Contracts Payable

	December 31,
	2021				2020
	(dollars in millions)
2.40% senior unsecured notes due August 15, 2031, effective interest rate of 2.44%	$	650			$	—
4.00% senior unsecured notes due May 15, 2030, effective interest rate of 4.05%		450				450
4.60% senior unsecured notes due November 15, 2024, effective interest rate of 4.60%		300				300
4.30% senior unsecured notes due February 1, 2023, effective interest rate of 4.35%		250				250
Trust deed note due November 1, 2023, collateralized by land and buildings with net book values of $37 and $38 at December 31, 2021 and 2020, respectively, fixed interest rate of 5.26%		8				12
Other notes and contracts payable with maturities through 2024, weighted-average interest rates of 4.21% and 4.28% at December 31, 2021 and 2020, respectively		4				6
		1,662				1,018
Unamortized discounts and debt issuance costs		(14	)			(7	)
	$	1,648			$	1,011

Aggregate Annual Maturities of Notes and Contracts Payable

The aggregate annual maturities for notes and contracts payable for the next five years and thereafter, are summarized as follows:

Year	Annual maturities
	(in millions)
2022	$	7
2023		255
2024		300
2025		—
2026		—
Thereafter		1,100
	$	1,662

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration