XML 51 R41.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Jul. 15, 2020
May 14, 2020
Jan. 23, 2020
Jan. 01, 2020
Dec. 31, 2019
Jun. 12, 2019
Debt Instrument [Line Items]                    
Debt maturing within one year $ 110,000,000   $ 110,000,000           $ 235,000,000  
Commercial Paper Program, Maximum Authorized Amount Outstanding 400,000,000   400,000,000              
Derivative, Notional Amount 450,000,000   450,000,000              
Related Party Transaction, Other Revenues from Transactions with Related Party (less than $1 million) $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000            
Derivative, Fixed Interest Rate 1.41%   1.41%              
Derivative, Average Variable Interest Rate 0.38%   0.38%              
Gain (Loss) on Sale of Derivatives     $ 23,000,000 $ 0            
ITC Holdings Corp. [Member] | Unsecured Debt [Member] | Term Loan Credit Agreement, Due June 11, 2021 [Domain]                    
Debt Instrument [Line Items]                    
Principal amount                   $ 400,000,000
Other Long-term Debt               $ 200,000,000   $ 200,000,000
ITC Holdings Corp. [Member] | Unsecured Debt [Member] | Senior Notes due January 15, 2020 [Member]                    
Debt Instrument [Line Items]                    
Long-term Debt, Gross $ 200,000,000   $ 200,000,000              
Interest Rate 5.50%   5.50%              
Short-term Debt, Weighted Average Interest Rate, at Point in Time 2.27%   2.27%              
ITC Holdings Corp. [Member] | Unsecured Debt [Member] | Senior Note, Due May 14, 2030 [Member]                    
Debt Instrument [Line Items]                    
Principal amount           $ 700,000,000        
Interest Rate           2.95%        
ITC Holdings Corp. [Member] | Commercial Paper [Member]                    
Debt Instrument [Line Items]                    
Extinguishment of Debt, Amount     $ 92,000,000              
ITC Holdings Corp. [Member] | Revolving Credit Facility [Member]                    
Debt Instrument [Line Items]                    
Extinguishment of Debt, Amount     $ 122,000,000              
METC LLC [Member] | Unsecured Debt [Member] | Term Loan Credit Agreement, Due June 11, 2021 [Domain]                    
Debt Instrument [Line Items]                    
Short-term Debt, Weighted Average Interest Rate, at Point in Time 0.63%   0.63%              
METC LLC [Member] | Unsecured Debt [Member] | Term Loan Credit Agreement, Due January 23, 2021 [Member]                    
Debt Instrument [Line Items]                    
Principal amount             $ 75,000,000      
Subsequent Event | ITC Midwest LLC [Member] | Unsecured Debt [Member] | First Mortgage Bonds due July 15, 2051 [Member]                    
Debt Instrument [Line Items]                    
Principal amount         $ 180,000,000          
Interest Rate         3.13%