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Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events 15. Subsequent Event

On July 31, 2019, we entered into a credit agreement with a syndicate of banks. This agreement (the “credit facility”) allows for the issuance of letters of credit and borrowing of up to $2.25 billion.  The credit facility is unsecured and has a commitment termination date of July 31, 2024.

Under the credit facility, we pay a fee of 0.875% per annum on issued syndicated letters of credit and a facility fee of 0.125% per annum on the aggregate commitment.  These fees adjust automatically in the event of a change in our credit ratings.

Effective as of July 31, 2019, the credit facility replaced our credit agreement dated as of June 30, 2016, and the commitments under that agreement have been terminated.