XML 94 R77.htm IDEA: XBRL DOCUMENT v3.24.1.u1
DEBT AND NON-RECOURSE DEBT - Additional Information (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Apr. 08, 2024
Mar. 31, 2024
Dec. 31, 2023
Jan. 17, 2024
Jan. 10, 2024
Debt Instrument [Line Items]          
Remaining borrowing capacity   $ 293      
Total notional values of interest rate swaps   550      
Accumulated other comprehensive loss, qualifying as hedge   $ 48 $ 42    
Debt instrument, average interest rate   6.963% 6.649%    
Reserves Related to Non-Recourse Debt          
Debt Instrument [Line Items]          
Restricted cash   $ 62 $ 48    
Junior subordinated debentures | Minimum          
Debt Instrument [Line Items]          
Debt instrument, average interest rate   3.80%      
Junior subordinated debentures | Maximum          
Debt Instrument [Line Items]          
Debt instrument, average interest rate   4.90%      
SOFR Overnight Index Swap Rate | Junior subordinated debentures          
Debt Instrument [Line Items]          
Interest rate on revolving credit facility   0.26%      
Senior Notes | Senior notes with a rate of 6.625%, due 2032          
Debt Instrument [Line Items]          
Debt instrument face amount       $ 900 $ 900
Debt instrument, stated interest rate (as a percent)   6.625%     6.625%
Secured Debt          
Debt Instrument [Line Items]          
Junior subordinated debentures outstanding   $ 1,560 $ 1,482    
Debt instrument, average interest rate   4.969% 5.095%    
Secured Debt | Timeshare Facility Due 2027          
Debt Instrument [Line Items]          
Junior subordinated debentures outstanding   $ 290 $ 400    
Debt instrument, average interest rate   6.54%      
Remaining borrowing capacity   $ 460      
Revolving Credit Facility | Junior subordinated debentures          
Debt Instrument [Line Items]          
Junior subordinated debentures outstanding   70 0    
Revolving Credit Facility | Senior Notes | Senior notes with a rate of 6.625%, due 2032          
Debt Instrument [Line Items]          
Junior subordinated debentures outstanding   900 $ 0    
Revolving Credit Facility | Senior Secured Credit Facilities          
Debt Instrument [Line Items]          
Letters of credit outstanding, amount   9      
Cash Collateral Secured Credit Facilities          
Debt Instrument [Line Items]          
Letters of credit outstanding, amount   $ 1      
Term Loan | SOFR Overnight Index Swap Rate          
Debt Instrument [Line Items]          
Interest rate on revolving credit facility   2.75%      
Derivative fixed interest rate   1.55%      
Term Loan | SOFR Overnight Index Swap Rate | Subsequent Event          
Debt Instrument [Line Items]          
Interest rate on revolving credit facility 2.50%