XML 99 R74.htm IDEA: XBRL DOCUMENT v3.22.4
Short And Long-Term Debt Schedule of Total Indebtedness (Details) - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Jun. 02, 2021
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Total Short-Term & Long-Term Debt $ 2,849 $ 2,950  
Securitization obligations 163 118  
Line of Credit | Revolving Credit Facility      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Line of Credit 350 [1],[2] 0  
Securitization obligation | Apple Ridge Funding LLC      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Securitization obligations 163 [3] 116  
Securitization obligation | Cartus Financing Limited      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Securitization obligations 0 2  
Secured Debt | Extended Term Loan A      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 221 [2] 231  
Secured Debt | 7.625% Senior Secured Second Lien Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 0 542  
Senior Notes | 4.875% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 0 406  
Senior Notes | 9.375% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 0 545  
Senior Notes | 5.75% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 899 [4] 898  
Senior Notes | 5.25% Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt 985 [4] 0  
Convertible Debt | 0.25% Exchangeable Senior Notes      
Schedule of Long-term and Short-term Debt Instruments [Line Items]      
Long-term Debt $ 394 [5] $ 328 $ 319
[1] As of December 31, 2022, the Company had $1,100 million of borrowing capacity under its Revolving Credit Facility, with $750 million of available capacity. As of December 31, 2022, there were $350 million outstanding borrowings under the Revolving Credit Facility and $42 million of outstanding undrawn letters of credit. On February 22, 2023, the Company had $384 million outstanding borrowings under the Revolving Credit Facility and $35 million of outstanding undrawn letters of credit.
[2] See below under the header "Senior Secured Credit Agreement and Term Loan A Agreement" for additional information.
[3] See below under the header "Securitization Obligations" for additional information.
[4] See below under the header "Unsecured Notes" for additional information.
[5] See below under the header "Exchangeable Senior Notes" for additional information and Note 2, "Summary of Significant Accounting Policies—Recently Adopted Accounting Pronouncements", related to the January 1, 2022 adoption of the new standard on "Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity".