v3.25.2
Debt - Narrative (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 17, 2025
USD ($)
Apr. 09, 2024
USD ($)
Feb. 15, 2024
USD ($)
Feb. 06, 2024
USD ($)
Jun. 30, 2025
USD ($)
note
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
note
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 22, 2020
USD ($)
May 19, 2019
USD ($)
Mar. 25, 2019
USD ($)
Debt Instrument [Line Items]                        
Less deferred financing costs         $ 17   $ 17   $ 13      
(Gain) loss on extinguishment of debt, net         0 $ 0 0 $ 7        
Long-term debt, gross         5,792   5,792   4,976      
Amortization of deferred financing costs and discount on debt         3 $ 6 6 $ 11        
Long-Term Debt                        
Debt Instrument [Line Items]                        
Less deferred financing costs         17   17          
Other Assets                        
Debt Instrument [Line Items]                        
Less deferred financing costs         25   25   28      
Line of Credit                        
Debt Instrument [Line Items]                        
Long-term debt, gross         3,001   3,001   2,772      
Secured Debt                        
Debt Instrument [Line Items]                        
Long-term debt, gross         498   498   522      
Unsecured Debt                        
Debt Instrument [Line Items]                        
Long-term debt, gross         15   15   17      
Senior Notes                        
Debt Instrument [Line Items]                        
Long-term debt, gross         1,778   1,778   1,665      
Credit Agreement                        
Debt Instrument [Line Items]                        
Debt issuance costs, gross     $ 34                  
Less deferred financing costs     31                  
(Gain) loss on extinguishment of debt, net     2                  
Deferred debt issuance cost, writeoff     1                  
Modification fee     5                  
Credit Agreement | Secured Debt                        
Debt Instrument [Line Items]                        
Long-term debt     1,000             $ 1,875    
Repayments of long-term debt     875                  
Less deferred financing costs     5                  
MetLife Real Estate Lending, LLC, Notes Due 2026, 2028, and 2029 | Loans Payable                        
Debt Instrument [Line Items]                        
Long-term debt, gross         $ 471   $ 471   472      
Number of notes outstanding | note         3   3          
Other Fixed-Rate Real Estate And Equipment Secured Financing Agreements | Loans Payable                        
Debt Instrument [Line Items]                        
Long-term debt, gross         $ 27   $ 27   50      
Cool Port Oakland, Due March 2024 | Loans Payable                        
Debt Instrument [Line Items]                        
Debt instrument, face amount                       $ 81
Repayments of debt       $ 77                
Cool Port Oakland, Due March 2029 | Loans Payable                        
Debt Instrument [Line Items]                        
Debt instrument, face amount       81                
Proceeds from issuance of debt       $ 4                
Multi-Property Loan, Due May 2024 | Loans Payable                        
Debt Instrument [Line Items]                        
Repayments of long-term debt   $ 2,344                    
Debt instrument, face amount                     $ 2,350  
Payment of accrued interest and fees   14                    
5.25% Senior Notes Due July 2030 | Senior Notes                        
Debt Instrument [Line Items]                        
Less deferred financing costs $ 5                      
Interest rate 5.25%                      
Debt instrument, face amount $ 500                      
Issue price, percentage of face amount 0.98991                      
Unamortized discount (premium), net $ 5                      
Maximum unencumbered assets to debt ratio 1.50                      
Long-term debt, gross         500   500   0      
5.25% Senior Notes Due July 2030 | Senior Notes | Minimum                        
Debt Instrument [Line Items]                        
Maximum total indebtedness to total assets ratio 0.60                      
Maximum total secured indebtedness to total assets ratio 0.40                      
Minimum interest coverage ratio 1.50                      
5.25% Senior Notes Due July 2030 | Senior Notes | Maximum                        
Debt Instrument [Line Items]                        
Maximum total indebtedness to total assets ratio 1.00                      
Maximum total secured indebtedness to total assets ratio 1.00                      
Minimum interest coverage ratio 1.00                      
5.25% Senior Notes Due July 2030 | Senior Notes | Prior to June 15, 2030                        
Debt Instrument [Line Items]                        
Redemption price, percentage 100.00%                      
5.25% Senior Notes Due July 2030 | Senior Notes | On Or After June 15, 2030                        
Debt Instrument [Line Items]                        
Redemption price, percentage 100.00%                      
Revolving Credit Facility | Line of Credit                        
Debt Instrument [Line Items]                        
Long-term debt, gross         2,001   2,001   1,772      
Revolving Credit Facility | Credit Agreement | Line of Credit                        
Debt Instrument [Line Items]                        
Line of credit facility, maximum borrowing capacity     3,500             $ 2,625    
Less deferred financing costs     26                  
Letters of credit, outstanding amount         $ 65   $ 65   $ 66      
Unsecured Debt | Delayed-Draw Term Loan, Due February 2025 | Line of Credit                        
Debt Instrument [Line Items]                        
Line of credit facility, maximum borrowing capacity     $ 2,400                  
Proceeds from long-term lines of credit   $ 2,400