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Short And Long-Term Debt Maturities Table (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Mar. 31, 2023 | Dec. 31, 2023 | Mar. 31, 2024 | Dec. 31, 2022
Maturities of Long-term Debt |  |  |  |  |  |
Remaining 2023 (a) | [1] | $ 393 |  |  |  |
2024 |  | 22 |  |  |  |
2025 |  | 184 |  |  |  |
2026 |  | 403 |  |  |  |
2027 |  | $ 0 |  |  |  |
Long-term Debt Maturities, Years Presented |  | 4 years |  |  |  |
Current portion of long-term debt |  | $ 398 |  |  |  | $ 366
Extended Term Loan A | Scenario, Forecast | Secured Debt |  |  |  |  |  |
Maturities of Long-term Debt |  |  |  |  |  |
Debt Instrument, Periodic Payment, Principal |  |  |  | $ 13 | $ 18 |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |
Maturities of Long-term Debt |  |  |  |  |  |
Line of credit facility outstanding |  | $ 380 | [2],[3],[4] |  |  | $ 350
[1] | Remaining 2023 includes amortization payments totaling $13 million for the Extended Term Loan A, as well as $380 million of outstanding borrowings under the Revolving Credit Facility which expires in July 2027 (subject to earlier spring maturity) but is classified on the balance sheet as current due to the revolving nature and terms and conditions of the facility. The current portion of long-term debt of $398 million shown on the Condensed Consolidated Balance Sheets consists of four quarters of amortization payments totaling $18 million for the Extended Term Loan A and $380 million outstanding borrowings under the Revolving Credit Facility.
[2] | As of March 31, 2023, the Company had $1,100 million of borrowing capacity under its Revolving Credit Facility. As of March 31, 2023, there were $380 million outstanding borrowings under the Revolving Credit Facility and $35 million of outstanding undrawn letters of credit. On May 1, 2023, the Company had $430 million outstanding borrowings under the Revolving Credit Facility and $36 million of outstanding undrawn letters of credit.
[3] | Interest rates with respect to revolving loans under the Revolving Credit Facility at March 31, 2023 are based on, at the Company's option, (a) a term Secured Overnight Financing Rate ("SOFR")-based rate including a 10 basis point credit spread adjustment or (b) JP Morgan Chase Bank, N.A.'s prime rate ("ABR") plus (in each case) an additional margin subject to adjustment based on the then current senior secured leverage ratio. Based on the previous quarter's senior secured leverage ratio, the margin was 1.75% and the ABR margin was 0.75% for the three months ended March 31, 2023.
[4] | The maturity date of the Revolving Credit Facility may spring forward to a date prior to July 2027 as follows: (i) if on or before March 16, 2026, the 0.25% Exchangeable Senior Notes have not been extended, refinanced or replaced to have a maturity date after October 26, 2027 (or are not otherwise discharged, defeased or repaid by March 16, 2026), the maturity date of the Revolving Credit Facility will be March 16, 2026; and (ii) if on or before November 9, 2024, the "term A loans" under the Term Loan A Agreement have not been extended, refinanced or replaced to have a maturity date after October 26, 2027 (or are not otherwise repaid by November 9, 2024), the maturity date of the Revolving Credit Facility will be November 9, 2024.

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