XML 114 R65.htm IDEA: XBRL DOCUMENT v3.25.0.1
FINANCING ARRANGEMENTS - Narrative (Details)
1 Months Ended 12 Months Ended
Feb. 27, 2024
USD ($)
Feb. 14, 2023
USD ($)
Sep. 23, 2022
USD ($)
Aug. 07, 2022
USD ($)
May 03, 2022
USD ($)
Apr. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2024
USD ($)
tranche
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 22, 2024
USD ($)
Feb. 22, 2023
USD ($)
Debt Instrument [Line Items]                        
Repayments of long-term debt               $ 801,000,000 $ 750,000,000 $ 300,000,000    
Outstanding borrowings             $ 7,214,000,000 6,608,000,000 7,214,000,000      
Letter of Credit                        
Debt Instrument [Line Items]                        
Line of credit facility, maximum borrowing capacity             218,000,000 173,000,000 218,000,000      
Emerson’s InSinkErator Business                        
Debt Instrument [Line Items]                        
Payment for additional equity interest acquired       $ 3,000,000,000                
Line of Credit | Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Outstanding borrowings             2,000,000,000 1,500,000,000 $ 2,000,000,000      
Notes Maturing 2034, 5.750% Interest Rate | Senior Notes                        
Debt Instrument [Line Items]                        
Debt instrument, face amount                     $ 300,000,000  
Stated interest rate (as a percent)                     5.75%  
Notes Maturing 2024, 4.000% Interest Rate | Senior Notes                        
Debt Instrument [Line Items]                        
Stated interest rate (as a percent) 4.00%                      
Debt instrument, redemption price (as a percent) 101.00%                      
Repayments of long-term debt $ 300,000,000                      
Notes Maturing 2033, 5.500% Interest Rate | Senior Notes                        
Debt Instrument [Line Items]                        
Debt instrument, face amount                       $ 300,000,000
Stated interest rate (as a percent)                       5.50%
Notes Maturing 2033, 3.700% Interest Rate | Senior Notes                        
Debt Instrument [Line Items]                        
Stated interest rate (as a percent)   3.70%                    
Debt instrument, redemption price (as a percent)   101.00%                    
Repayments of long-term debt   $ 250,000,000                    
Term Loan | Secured Debt                        
Debt Instrument [Line Items]                        
Debt instrument, face amount     $ 2,500,000,000         1,500,000,000        
Outstanding borrowings               $ 1,500,000,000        
Debt instrument, number of tranches | tranche               2        
Debt instrument, term (in months/years)     3 years                  
Minimum coverage ratio for debt covenant     3.0                  
Term Loan | Secured Debt | Secured Overnight Financing Rate (SOFR)                        
Debt Instrument [Line Items]                        
Debt instrument, basis spread on variable rate (as a percent)     1.25%                  
Debt instrument, basis spread on variable rate, adjustment (as a percent)     0.10%                  
Term Loan | Secured Debt | Prime Rate                        
Debt Instrument [Line Items]                        
Debt instrument, basis spread on variable rate (as a percent)     0.00%                  
Term Loan, Tranche One | Secured Debt                        
Debt Instrument [Line Items]                        
Debt instrument, face amount               $ 1,000,000,000        
Term Loan, Tranche Two | Secured Debt                        
Debt Instrument [Line Items]                        
Debt instrument, face amount               1,500,000,000        
Repayments of long-term debt           $ 500,000,000 $ 500,000,000          
Fifth Amended And Restated Long-Term Credit Agreement | Line of Credit | Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Minimum coverage ratio for debt covenant         3.0              
Line of credit facility, maximum borrowing capacity         $ 3,500,000,000     $ 3,500,000,000        
Fifth Amended And Restated Long-Term Credit Agreement | Line of Credit | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Debt instrument, basis spread on variable rate (as a percent)         1.25%              
Debt instrument, basis spread on variable rate, adjustment (as a percent)         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 (as a percent)         0.25%