XML 105 R70.htm IDEA: XBRL DOCUMENT v3.22.0.1
Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Jun. 02, 2021
Dec. 31, 2020
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Total Short-Term & Long-Term Debt $ 2,950   $ 3,207
Securitization obligations 118 [1]   106
Line of Credit | Revolving Credit Facility      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Line of Credit 0 [2],[3]   0
Securitization obligation | Apple Ridge Funding LLC      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Securitization obligations 116 [1]   102
Securitization obligation | Cartus Financing Limited      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Securitization obligations 2 [1]   4
Secured Debt | Term Loan B Facility      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 0   1,036
Secured Debt | Term Loan A Facility      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 231 [2]   681
Secured Debt | 7.625% Senior Secured Second Lien Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 542 [4],[5]   540
Senior Notes | 4.875% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 406 [5]   406
Senior Notes | 9.375% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 545 [4],[5]   544
Senior Notes | 5.75% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 898 [5]   0
Convertible Debt | 0.25% Exchangeable Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt $ 328 [6] $ 319 $ 0
[1] See below under the header "Securitization Obligations" for additional information.
[2] See below under the header "Senior Secured Credit Agreement and Term Loan A Agreement" for additional information.
[3] The Senior Secured Credit Facility includes a $1,425 million Revolving Credit Facility which includes a $125 million letter of credit sub-facility, and, until its repayment in full in September 2021, a Term Loan B Facility. As of December 31, 2021, there were no outstanding borrowings under the Revolving Credit Facility and $42 million of outstanding undrawn letters of credit. On February 23, 2022, the Company had no outstanding borrowings under the Revolving Credit Facility and $42 million of outstanding undrawn letters of credit.
[4] (4)In the first quarter of 2022, the Company issued $1,000 million 5.25% Senior Notes due 2030 and used net proceeds, together with cash on hand, to redeem in full both the outstanding 9.375% Senior Notes due 2027 and the 7.625% Senior Secured Second Lien Notes due 2025. See Note 19, "Subsequent Events", for a description of these transactions.
[5] See below under the header "Senior Secured Second Lien Notes" and "Unsecured Notes" for additional information.
[6] See below under the header "Exchangeable Senior Notes" for additional information.