DEBT (Details) - USD ($) |
3 Months Ended | |||
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Mar. 31, 2025 |
Mar. 30, 2025 |
Mar. 31, 2024 |
Dec. 31, 2024 |
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Debt Instrument [Line Items] | ||||
Proceeds from borrowings | $ 215,000,000 | $ 0 | ||
Current portion of long-term debt | 1,000,000 | $ 602,000,000 | ||
Senior Notes | 3.50% Senior Notes Due March 2025 | ||||
Debt Instrument [Line Items] | ||||
Face amount | 600,000,000 | |||
Extinguishment of debt | $ 600,000,000 | |||
Debt instrument, interest rate | 3.50% | |||
Secured Receivables Credit Facility | ||||
Debt Instrument [Line Items] | ||||
Credit facility capacity | $ 600,000,000 | |||
Interest rate | 0.80% | |||
Debt outstanding | $ 215,000,000 | |||
Amount outstanding | $ 0 | |||
Secured Receivables Credit Facility | Letter of Credit | ||||
Debt Instrument [Line Items] | ||||
Credit facility capacity | 150,000,000 | |||
Secured Receivables Credit Facility | If Uncommitted Accordion Is Utilized | ||||
Debt Instrument [Line Items] | ||||
Credit facility capacity | 800,000,000 | |||
Secured Receivables Credit Facility | Uncommitted Accordion | ||||
Debt Instrument [Line Items] | ||||
Credit facility capacity | $ 200,000,000 |
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Gross amount of debt extinguished. No definition available.
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- Definition 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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as current. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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