XML 62 R53.htm IDEA: XBRL DOCUMENT v3.23.1
FINANCIAL INSTRUMENTS AND DERIVATIVES - ADDITIONAL INFORMATION (Details)
€ in Millions
3 Months Ended 12 Months Ended
Jul. 01, 2021
USD ($)
May 26, 2020
USD ($)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2022
USD ($)
Mar. 31, 2023
EUR (€)
Jul. 02, 2021
USD ($)
May 25, 2021
EUR (€)
performancePeriod
Derivative [Line Items]                
Net (loss) gain on derivative financial instruments     $ (1,000,000) $ 10,000,000        
Senior Unsecured Notes Maturing June 1, 2030 | Senior Notes                
Derivative [Line Items]                
Debt instrument, face amount $ 750,000,000 $ 750,000,000            
Debt instrument, interest rate, stated percentage 3.30%           1.70%  
Cash Flow Hedges | Designated as Hedging Instrument                
Derivative [Line Items]                
Derivative, notional amount     131,000,000          
Hedges of Net Investments | Designated as Hedging Instrument                
Derivative [Line Items]                
Derivative, notional amount     $ 462,000,000          
Foreign exchange forward contracts                
Derivative [Line Items]                
Derivative, term of contract     18 months          
Foreign exchange forward contracts | Hedges of Net Investments | Designated as Hedging Instrument                
Derivative [Line Items]                
Derivative, notional amount | €           € 160   € 10
Foreign exchange forward contracts | performancePeriod               8
Treasury Lock | Cash Flow Hedges                
Derivative [Line Items]                
Repayments of debt   31,000,000            
Derivative, notional amount   $ 150,000,000            
Long-term debt, term   10 years            
Net (loss) gain on derivative financial instruments     $ 22,000,000   $ 23,000,000      
Cross Currency Interest Rate Contract                
Derivative [Line Items]                
Derivative, notional amount             $ 300,000,000  
Interest rate swaps                
Derivative [Line Items]                
Derivative, notional amount $ 250,000,000              
Interest Rate Swap Maturing June 1, 2026                
Derivative [Line Items]                
Derivative, term of contract 5 years              
Derivative, notional amount $ 100,000,000              
Interest Rate Swap Maturing March 1, 2030                
Derivative [Line Items]                
Derivative, term of contract 9 years              
Derivative, notional amount $ 150,000,000              
Cross currency basis swaps | Designated as Hedging Instrument                
Derivative [Line Items]                
Cash flow hedge loss to be reclassified within 12 months     4,000,000          
Cross currency basis swaps | Hedges of Net Investments | Designated as Hedging Instrument                
Derivative [Line Items]                
Derivative, notional amount     $ 289,000,000