v3.25.2
FINANCING ARRANGEMENTS (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 12, 2025
Jun. 03, 2025
Mar. 19, 2025
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Line of Credit Facility [Line Items]                
Notes payable and current portion of long-term debt       $ 184,000,000   $ 184,000,000   $ 549,000,000
Debt, weighted average interest rate       4.80%   4.80%    
Borrowings available under lines of credit       $ 737,000,000   $ 737,000,000    
Interest expense, net                
Line of Credit Facility [Line Items]                
Interest income       3,000,000 $ 5,000,000 7,000,000 $ 10,000,000  
Uncommitted Short-Term Financing                
Line of Credit Facility [Line Items]                
Notes payable and current portion of long-term debt       44,000,000   44,000,000    
Other short-term borrowings                
Line of Credit Facility [Line Items]                
Notes payable and current portion of long-term debt       $ 7,000,000   $ 7,000,000    
Bridge loan                
Line of Credit Facility [Line Items]                
Debt instrument term loan, term of contract     364 days          
Debt instrument, face amount     $ 435,000,000          
Proceeds from short term debt     432,000,000          
Proceeds from debt, net of issuance costs     $ 3,000,000          
Junior Subordinated Notes due 2055                
Line of Credit Facility [Line Items]                
Debt instrument, face amount $ 550,000,000              
Debt instrument, interest rate, stated percentage 8.375%              
Estimated offering expenses payable $ 545,000,000              
Revolving Credit Facility | Line of Credit                
Line of Credit Facility [Line Items]                
Long-term debt, term       5 years   5 years    
Maximum borrowing capacity       $ 700,000,000   $ 700,000,000    
Notes payable and current portion of long-term debt       0   0   0
Maximum senior debt to capitalization ratio   60.00%            
Maximum allowable consolidated leverage ratio   0.65            
Commercial Paper | Line of Credit                
Line of Credit Facility [Line Items]                
Maximum borrowing capacity       700,000,000   700,000,000    
Notes payable and current portion of long-term debt       $ 0   $ 0   $ 410,000,000