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v3.23.1

Debt Obligations - Senior Revolving Credit Facility (Details) - USD ($) | Apr. 01, 2023 | Jul. 01, 2022 | Apr. 02, 2022
--- | --- | --- | ---
Line of Credit Facility [Line Items] |  |  |
Borrowings outstanding | $ 1,829,000,000 |  | $ 1,164,000,000
Stand by letter of credit issued | 35,000,000 |  |
Long-term debt | 1,827,000,000 |  | 1,160,000,000
Debt issuance costs | 2,000,000 |  | 3,000,000
Senior Unsecured Revolving Credit Facility | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Stand by letter of credit issued | 3,000,000 |  | 21,000,000
Debt issuance costs | $ 6,000,000 |  | 3,000,000
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 1,500,000,000 |
Line of credit facility, accordion feature, increase limit |  | $ 500,000,000 |
Commitment fee percentage | 1500.00% |  |
Leverage ratio of indebtedness to EBITDAR |  | 4.0 |
Debt instrument, covenant, cash and cash equivalents limit for leverage ratio |  | $ 200,000,000 |
Borrowings outstanding | $ 874,000,000 |  |
Line of credit facility, available for future borrowings | 623,000,000 |  |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Minimum |  |  |
Line of Credit Facility [Line Items] |  |  |
Commitment fee percentage |  | 750.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Maximum |  |  |
Line of Credit Facility [Line Items] |  |  |
Commitment fee percentage |  | 1750.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Secured Overnight Financing Rate (SOFR) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 1000.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Secured Overnight Index Average (SONIA) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Swiss Average Rate Overnight (SARON) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Euro Interbank Offer Rate (EURIBOR) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Canadian Dollar Canadian Banker's Acceptances Quoted On Reuters Rate (CDOR) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Tokyo Interbank Offer Rate (TIBOR) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Senior Unsecured Revolving Credit Facility | Credit Facility 2018 | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Borrowings outstanding |  |  | 175,000,000
Line of credit facility, available for future borrowings |  |  | 804,000,000
Letter of Credit | Credit Facility 2022 | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 125,000,000 |
Bridge Loan | Credit Facility 2022 | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Line of credit facility, maximum borrowing capacity |  | $ 100,000,000 |
2018 Term Loan Facility | Term Loan Facility | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Long-term debt | $ 0 |  | 495,000,000
Unsecured Debt | Term Loan Facility | Revolving Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt issuance costs |  |  | $ 2,000,000
Variable Rate Component One | Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Federal Funds Effective Rate |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Variable Rate Component One | Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Secured Overnight Financing Rate (SOFR) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 1000.00% |
Variable Rate Component One | Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Base Rate |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Variable Rate Component Two | Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Federal Funds Effective Rate |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 5000.00% |
Variable Rate Component Two | Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Secured Overnight Financing Rate (SOFR) |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 0.00% |
Variable Rate Component Two | Senior Unsecured Revolving Credit Facility | Credit Facility 2022 | Revolving Credit Facilities | Base Rate |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, basis spread on variable rate |  | 10000.00% |

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