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v3.23.1

FINANCING ARRANGEMENTS - Narrative (Details) |  |  |  |  | 3 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 23, 2022 USD ($) tranche | Aug. 07, 2022 USD ($) | May 03, 2022 USD ($) | May 02, 2022 USD ($) | Mar. 31, 2023 USD ($) | Feb. 22, 2023 USD ($) | Feb. 14, 2023 USD ($) | Dec. 31, 2022 USD ($) | May 04, 2022 USD ($) | Mar. 31, 2022 USD ($)
Accounts Receivable |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Cash proceeds from sale of transferred receivables |  |  |  |  | $ 51,000,000 |  |  |  |  | $ 0
Outstanding receivables transferred under arrangements, continued services |  |  |  |  | 51,000,000 |  |  | $ 80,000,000 |  |
Letter of Credit |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  |  |  | 209,000,000 |  |  | 204,000,000 |  |
Emerson’s InSinkErator Business |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Business combination, consideration transferred |  | $ 3,000,000,000 |  |  | 14,000,000 |  |  |  |  |
Line of Credit | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Outstanding borrowings |  |  |  |  | 2,500,000,000 |  |  | $ 2,500,000,000 |  |
5.500% Notes Maturing 2033 | Senior Notes |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, face amount |  |  |  |  |  | $ 300,000,000 | $ 250,000,000 |  |  |
Debt instrument, interest rate, stated percentage |  |  |  |  |  | 5.50% | 3.70% |  |  |
4.700% Notes Maturing 2032 | Senior Notes |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, face amount |  |  |  | $ 300,000,000 |  |  |  |  | $ 300,000,000 |
Debt instrument, interest rate, stated percentage |  |  |  | 4.70% |  |  |  |  | 4.70% |
Debt instrument, redemption price, percentage |  |  |  | 101.00% |  |  |  |  |  |
Term Loan | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, face amount | $ 2,500,000,000 |  |  |  |  |  |  |  |  |
Debt instrument, number of tranches | tranche | 2 |  |  |  |  |  |  |  |  |
Debt instrument, ticking fee percentage | 10.00% |  |  |  |  |  |  |  |  |
Minimum coverage ration for debt covenant | 3.0 |  |  |  |  |  |  |  |  |
Outstanding borrowings |  |  |  |  | 2,500,000,000 |  |  |  |  |
Term Loan | Secured Debt | Prime Rate |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 0.00% |  |  |  |  |  |  |  |  |
Term Loan, Tranche One | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, face amount | $ 1,000,000,000 |  |  |  |  |  |  |  |  |
Debt instrument, term | 18 months |  |  |  |  |  |  |  |  |
Term Loan, Tranche One | Secured Debt | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 0.75% |  |  |  |  |  |  |  |  |
Term Loan, Tranche Two | Secured Debt |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, face amount | $ 1,500,000,000 |  |  |  |  |  |  |  |  |
Debt instrument, term | 3 years |  |  |  |  |  |  |  |  |
Term Loan, Tranche Two | Secured Debt | Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate | 1.00% |  |  |  |  |  |  |  |  |
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Minimum coverage ration for debt covenant |  |  | 3.0 |  |  |  |  |  |  |
Line of credit facility, maximum borrowing capacity |  |  | $ 3,500,000,000 |  | $ 3,500,000,000 |  |  |  |  |
Debt instrument, decrease in basis spread on variable rate |  |  | 0.125% |  |  |  |  |  |  |
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | Interest Rate Margin | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  | 1.00% |  |  |  |  |  |  |
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | SOFR spread adjustment | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  | 0.10% |  |  |  |  |  |  |
Fifth Amended and Restated Long-Term Credit Agreement | Line of Credit | Alternate Base Rate | Revolving Credit Facility |  |  |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |  |  |
Debt instrument, basis spread on variable rate |  |  | 0.00% |  |  |  |  |  |  |

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