XML 110 R93.htm IDEA: XBRL DOCUMENT v3.24.0.1
DEBT (Narrative) (Details)
12 Months Ended
Oct. 20, 2022
USD ($)
Feb. 12, 2022
USD ($)
Jul. 31, 2021
USD ($)
Dec. 19, 2014
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2023
EUR (€)
Mar. 31, 2023
USD ($)
Apr. 14, 2020
USD ($)
Apr. 10, 2020
USD ($)
amendement
Apr. 02, 2020
USD ($)
Mar. 23, 2020
USD ($)
Mar. 22, 2020
USD ($)
Mar. 14, 2019
USD ($)
Jun. 30, 2015
EUR (€)
Sep. 30, 2014
USD ($)
Jul. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Line of Credit Facility [Line Items]                                      
Outstanding credit facility balance         $ 250,000,000 $ 579,000,000                          
Repayments of senior debt         75,000,000 75,000,000 $ 50,000,000                        
Interest paid         $ 41,000,000 40,300,000 $ 30,500,000                        
Term Loan                                      
Line of Credit Facility [Line Items]                                      
Borrowing capacity option amount $ 1,500,000,000                                    
Senior Notes                                      
Line of Credit Facility [Line Items]                                      
Consolidated leverage ratio under credit facility & note payable, maximum         0.035                            
Number of amendments | amendement                     2                
Senior Notes | 2023 Series A Notes and 2025 Series B Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount                                     $ 150,000,000
Senior Notes | 2023 Series A Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount                                     $ 75,000,000
Stated interest rate (percent)                                     3.94%
Repayments of senior debt         $ 75,000,000                            
Senior Notes | 2025 Series B Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount         $ 75,000,000                           $ 75,000,000
Stated interest rate (percent)         4.04%     4.04%                     4.04%
Senior Notes | 2026 Senior Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount         $ 75,000,000                       $ 75,000,000    
Stated interest rate (percent)         3.72%     3.72%                 3.72%    
Senior Notes | 2021 Series A Notes and 2024 Series B Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount                                   $ 125,000,000  
Senior Notes | 2021 Series A Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount                                   $ 50,000,000  
Stated interest rate (percent)                                   3.32%  
Repayments of senior debt     $ 50,000,000                                
Senior Notes | 2024 Series B Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount         $ 75,000,000                         $ 75,000,000  
Stated interest rate (percent)         3.76%     3.76%                   3.76%  
Senior Notes | 2025 Series C Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount | €               € 88,857,000               € 88,900,000      
Stated interest rate (percent)         1.785%     1.785%               1.785%      
Senior Notes | Prudential 2030 Series D Notes                                      
Line of Credit Facility [Line Items]                                      
Borrowing capacity                     $ 425,000,000                
Face amount         $ 75,000,000         $ 75,000,000                  
Stated interest rate (percent)         2.50%     2.50%   2.50%                  
Senior Notes | 2022 Series A Notes and 2027 Series B Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount       $ 150,000,000                              
Senior Notes | 2022 Series A Notes                                      
Line of Credit Facility [Line Items]                                      
Debt instrument, term       7 years                              
Face amount       $ 75,000,000                              
Stated interest rate (percent)       3.25%                              
Repayments of senior debt   $ 75,000,000                                  
Senior Notes | 2027 Series B Notes                                      
Line of Credit Facility [Line Items]                                      
Debt instrument, term       12 years                              
Face amount       $ 75,000,000 $ 75,000,000                            
Stated interest rate (percent)       3.72% 3.72%     3.72%                      
Senior Notes | 2029 Series C Notes                                      
Line of Credit Facility [Line Items]                                      
Face amount         $ 100,000,000                   $ 100,000,000        
Stated interest rate (percent)         4.19%     4.19%             4.19%        
Senior Notes | MetLife 2030 Series D Notes                                      
Line of Credit Facility [Line Items]                                      
Borrowing capacity                         $ 300,000,000 $ 150,000,000          
Face amount         $ 125,000,000             $ 125,000,000              
Stated interest rate (percent)         2.50%     2.50%       2.50%              
Revolving Credit Facility                                      
Line of Credit Facility [Line Items]                                      
Outstanding credit facility balance         $ 250,000,000 579,000,000                          
Stated interest rate (percent)         6.00%     6.00%                      
Credit facility weighted average interest rates on outstanding balance (percent)         3.10%     3.10%                      
Reduction of credit facility availability         $ 1,500,000 $ 1,500,000                          
Consolidated leverage ratio under credit facility & note payable, maximum         0.035                            
Revolving Credit Facility | Term Loan                                      
Line of Credit Facility [Line Items]                                      
Debt instrument, term 5 years                                    
Borrowing capacity $ 1,000,000,000                                    
Principal amount $ 250,000,000                                    
Revolving Credit Facility, Individual Borrowings | Minimum                                      
Line of Credit Facility [Line Items]                                      
Debt instrument, term 1 day                                    
Revolving Credit Facility, Individual Borrowings | Maximum                                      
Line of Credit Facility [Line Items]                                      
Debt instrument, term 180 days                                    
Secured Debt | Term Loan                                      
Line of Credit Facility [Line Items]                                      
Face amount $ 250,000,000               $ 250,000,000                    
Outstanding credit facility balance         $ 250,000,000                            
Secured Debt | Term Loan | Prime Rate | Minimum                                      
Line of Credit Facility [Line Items]                                      
Credit spread during period (percent) 0.00%                                    
Secured Debt | Term Loan | Prime Rate | Maximum                                      
Line of Credit Facility [Line Items]                                      
Credit spread during period (percent) 0.375%                                    
Secured Debt | Term Loan | Secured Overnight Financing Rate (SOFR)                                      
Line of Credit Facility [Line Items]                                      
Credit spread during period (percent) 0.10%                                    
Secured Debt | Term Loan | Secured Overnight Financing Rate (SOFR) | Minimum                                      
Line of Credit Facility [Line Items]                                      
Basis spread on variable rate, additional (percent) 0.875%                                    
Secured Debt | Term Loan | Secured Overnight Financing Rate (SOFR) | Maximum                                      
Line of Credit Facility [Line Items]                                      
Basis spread on variable rate, additional (percent) 1.375%                                    
Secured Debt | Term Loan | Daily Secured Overnight Financing Rate (SOFR)                                      
Line of Credit Facility [Line Items]                                      
Credit spread during period (percent) 0.10%                                    
Secured Debt | Term Loan | Daily Secured Overnight Financing Rate (SOFR) | Minimum                                      
Line of Credit Facility [Line Items]                                      
Basis spread on variable rate, additional (percent) 0.875%                                    
Secured Debt | Term Loan | Daily Secured Overnight Financing Rate (SOFR) | Maximum                                      
Line of Credit Facility [Line Items]                                      
Basis spread on variable rate, additional (percent) 1.375%