Debt - Schedule of Debt (Details) - USD ($) $ in Millions |
Jun. 30, 2025 |
Jun. 17, 2025 |
Dec. 31, 2024 |
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Debt Instrument [Line Items] | |||
Long-term debt, gross | $ 5,792 | $ 4,976 | |
Less current portion long-term debt | (32) | (56) | |
Less deferred financing costs | (17) | (13) | |
Less discount on debt issued | (5) | 0 | |
Less below-market debt | (4) | (4) | |
Plus above-market debt | 1 | 3 | |
Long-term debt, net | 5,735 | 4,906 | |
Line of Credit | |||
Debt Instrument [Line Items] | |||
Long-term debt, gross | 3,001 | 2,772 | |
Senior Notes | |||
Debt Instrument [Line Items] | |||
Long-term debt, gross | 1,778 | 1,665 | |
Senior Notes | 5.25% Senior Notes Due July 2030 | |||
Debt Instrument [Line Items] | |||
Long-term debt, gross | 500 | 0 | |
Interest rate | 5.25% | ||
Less deferred financing costs | $ (5) | ||
Secured Debt | |||
Debt Instrument [Line Items] | |||
Long-term debt, gross | 498 | 522 | |
Unsecured Debt | |||
Debt Instrument [Line Items] | |||
Long-term debt, gross | $ 15 | $ 17 |
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- Definition Debt Instrument, Below-Market Debt 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 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/disclosureRef
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after accumulated amortization, of debt premium. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt classified as noncurrent. Excludes lease obligation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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