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Short And Long-Term Debt Senior Secured Credit Facility (Details)
$ in Millions

9 Months Ended

Sep. 30, 2020

USD ($)

Jul. 24, 2020

Jun. 30, 2020

Dec. 31, 2019

USD ($)

Feb. 28, 2018

USD ($)

Debt Instrument [Line Items]

Long-term debt principal amount

$ 3,391

Letter of Credit, borrowing capacity

$ 125

Senior secured leverage ratio

2.29

Ratio of Indebtedness to Net Capital Denominator

1.00

Required Covenant Ratio from October 2021 to June 2022

Debt Instrument [Line Items]

Quarterly Decrease of Ratio of Indebtedness to Net Capital

0.25

Maximum | Required Covenant Ratio from July 2020 to June 2021

Debt Instrument [Line Items]

Senior secured leverage ratio

6.50

Ratio of Indebtedness to Net Capital Denominator

1.00

Maximum | Required Covenant Ratio from July 2021 to September 2021

Debt Instrument [Line Items]

Senior secured leverage ratio

5.50

Ratio of Indebtedness to Net Capital Denominator

1.00

Maximum | Required Covenant Ratio from April 2022

Debt Instrument [Line Items]

Senior secured leverage ratio

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

Maximum | Suggested Covenant Ratio compliance for additional covenants under Amendments from July 24 2020 to June 30, 2021

Debt Instrument [Line Items]

Senior secured leverage ratio

5.50

Ratio of Indebtedness to Net Capital Denominator

1.00

Maximum | Required Covenant Ratio for election by Company to end the amended covenant period

Debt Instrument [Line Items]

Senior secured leverage ratio

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

Maximum | Required Covenant Ratio

Debt Instrument [Line Items]

Senior secured leverage ratio

6.50

4.75

Ratio of Indebtedness to Net Capital Denominator

1.00

1.00

LIBOR

Debt Instrument [Line Items]

Description of variable interest rate basis

LIBOR

ABR

Debt Instrument [Line Items]

Description of variable interest rate basis

ABR

Term Loan B | LIBOR

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.25%

Debt Instrument, Basis Spread on Variable Rate, Floor

0.75%

Term Loan B | ABR

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.25%

Debt Instrument, Basis Spread on Variable Rate, Floor

1.75%

Revolving Credit Facility | Line of Credit

Debt Instrument [Line Items]

Line of credit facility borrowing capacity

^[1]

$ 1,425

Revolving Credit Facility | Line of Credit | LIBOR | Greater than 3.50 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.50%

Revolving Credit Facility | Line of Credit | LIBOR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.25%

Revolving Credit Facility | Line of Credit | LIBOR | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

2.00%

Revolving Credit Facility | Line of Credit | LIBOR | Less than 2.00 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.75%

Revolving Credit Facility | Line of Credit | ABR | Greater than 3.50 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.50%

Revolving Credit Facility | Line of Credit | ABR | Less than or equal to 3.50 to 1.00 but greater than or equal to 2.50 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.25%

Revolving Credit Facility | Line of Credit | ABR | Less than 2.50 to 1.00 but greater than or equal to 2.00 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

1.00%

Revolving Credit Facility | Line of Credit | ABR | Less than 2.00 to 1.00

Debt Instrument [Line Items]

Debt Instrument, Basis Spread on Variable Rate

0.75%

Secured Debt | Term Loan B

Debt Instrument [Line Items]

Long-term debt principal amount

$ 1,050

^[2]

$ 1,058

$ 1,080

Annual percentage of original principal amount for quarterly amortization payments

1.00%

[1]

Interest rates with respect to revolving loans under the Senior Secured Credit Facility at September 30, 2020 were based on, at the Company's option, (a) adjusted London Interbank Offering Rate ("LIBOR") plus an additional margin or (b) JP Morgan Chase Bank, N.A.'s prime rate ("ABR") plus an additional margin, in each case subject to adjustment based on the then current senior secured leverage ratio. Based on the previous quarter's senior secured leverage ratio, the LIBOR margin was 2.25% and the ABR margin was 1.25% for the three months ended September 30, 2020.

[2]

The Term Loan B provides for quarterly amortization payments totaling 1% per annum of the original principal amount. The interest rate with respect to term loans under the Term Loan B is based on, at the Company’s option, (a) adjusted LIBOR plus 2.25% (with a LIBOR floor of 0.75%) or (b) ABR plus 1.25% (with an ABR floor of 1.75%).

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Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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