XML 55 R42.htm IDEA: XBRL DOCUMENT v3.25.2
Debt - Narrative (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Mar. 31, 2025
Jan. 31, 2025
Jun. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Secured Debt          
Debt Instrument [Line Items]          
Outstanding borrowings     $ 0 $ 0  
Credit Facility | Credit Facility          
Debt Instrument [Line Items]          
Maximum borrowing capacity     2,500,000,000 2,500,000,000  
Unused borrowing capacity     $ 2,500,000,000 $ 2,500,000,000  
Credit spread adjustment       0.10%  
Credit Facility | Credit Facility | Federal Funds Effective Rate          
Debt Instrument [Line Items]          
Variable rate percentage       0.50%  
Credit Facility | Credit Facility | SOFR          
Debt Instrument [Line Items]          
Variable rate percentage       1.00%  
Credit Facility | Credit Facility | Maximum          
Debt Instrument [Line Items]          
Ratio of indebtedness to net capital     0.65 0.65  
Variable rate percentage       1.875%  
Unused capacity, commitment fee percentage       0.275%  
Credit Facility | Credit Facility | Maximum | S O F R One Month Period Additional Applicable Margin          
Debt Instrument [Line Items]          
Variable rate percentage       0.875%  
Credit Facility | Credit Facility | Minimum          
Debt Instrument [Line Items]          
Variable rate percentage       1.25%  
Unused capacity, commitment fee percentage       0.15%  
Credit Facility | Credit Facility | Minimum | S O F R One Month Period Additional Applicable Margin          
Debt Instrument [Line Items]          
Variable rate percentage       0.25%  
Credit Facility | Credit Facility | Letter of Credit          
Debt Instrument [Line Items]          
Maximum borrowing capacity     $ 500,000,000 $ 500,000,000  
Credit Facility | Credit Facility | Swingline Loans          
Debt Instrument [Line Items]          
Maximum borrowing capacity     50,000,000 50,000,000  
4.95% senior notes due 2025 | Senior Notes          
Debt Instrument [Line Items]          
Outstanding borrowings     $ 0 $ 0 $ 389,000,000
Extinguishment of debt   $ 389,000,000      
Interest rate, stated percentage   4.95% 4.95% 4.95%  
5.50% senior notes due 2026 | Senior Notes          
Debt Instrument [Line Items]          
Outstanding borrowings     $ 0 $ 0 47,000,000
Extinguishment of debt $ 47,000,000        
Interest rate, stated percentage 5.50%   5.50% 5.50%  
5.375% senior notes due 2029 | Senior Notes          
Debt Instrument [Line Items]          
Outstanding borrowings     $ 700,000,000 $ 700,000,000 700,000,000
Interest rate, stated percentage     5.375% 5.375%  
5.875% senior notes due 2029 | Senior Notes          
Debt Instrument [Line Items]          
Outstanding borrowings     $ 469,000,000 $ 469,000,000 500,000,000
Extinguishment of debt     $ 31,000,000    
Interest rate, stated percentage     5.875% 5.875%  
6.75% senior notes due 2029 | Senior Notes          
Debt Instrument [Line Items]          
Outstanding borrowings     $ 866,000,000 $ 866,000,000 $ 950,000,000
Extinguishment of debt     $ 84,000,000    
Interest rate, stated percentage     6.75% 6.75%