XML 57 R44.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Debt and Credit Agreements - Narrative (Details)
3 Months Ended
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
swap
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
swap
Dec. 31, 2020
USD ($)
Line of Credit Facility              
Other operating activities $ (15,000,000)       $ (31,000,000)    
Commercial Paper              
Line of Credit Facility              
Maximum borrowing capacity of credit facility 1,000,000,000            
Borrowings outstanding 0            
Fixed Rate Notes Due Between 2036 and 2040              
Line of Credit Facility              
Debt issued 1,050,000,000 $ 1,050,000,000       $ 800,000,000  
3.25% Notes Due 2027              
Line of Credit Facility              
Debt issued             $ 850,000,000
Debt interest rate             3.25%
Unsecured Revolving Credit Facility Due 2028 | Credit Facility              
Line of Credit Facility              
Maximum borrowing capacity of credit facility 1,200,000,000            
Borrowings outstanding 0            
Fixed Rate Notes Due 2033              
Line of Credit Facility              
Debt issued   $ 250,000,000          
Fixed-to-Floating Interest Rate Swap | Fair Value Hedging              
Line of Credit Facility              
Derivative, number of fair value hedges | swap           5  
Derivative, term of contract (in years)           10 years  
Two Separate Fixed-to-Floating Interest Rate Swaps | Fair Value Hedging              
Line of Credit Facility              
Derivative, number of fair value hedges | swap   2          
Derivative, term of contract (in years)   10 years          
Designated as Hedging Instrument | Fixed-to-Floating Interest Rate Swap | Fair Value Hedging              
Line of Credit Facility              
Fair value hedge derivative instrument liabilities at fair value 131,000,000 $ 107,000,000          
Designated as Hedging Instrument | Forward Starting Interest Rate Swap | Cash Flow Hedge              
Line of Credit Facility              
Cash flow hedge derivative instrument assets at fair value 51,000,000 48,000,000          
Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedge              
Line of Credit Facility              
Aggregate notional value of interest forward interest rate swap 114,000,000 114,000,000         $ 500,000,000
Cash flow hedge derivative instrument assets at fair value 51,000,000 48,000,000          
Derivative asset, notional amount settled     $ 113,000,000 $ 113,000,000      
Other operating activities     $ 51,000,000 $ 44,000,000      
Designated as Hedging Instrument | Two Separate Fixed-to-Floating Interest Rate Swaps | Fair Value Hedging              
Line of Credit Facility              
Interest rate fair value hedge asset at fair value $ 11,000,000 $ 19,000,000