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The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 0 million | monetaryItemType | text: <entity> 0 million </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 0 million | monetaryItemType | text: <entity> 0 million </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue |
The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. | text | 28.47 | perShareItemType | text: <entity> 28.47 </entity> <entity type> perShareItemType </entity type> <context> The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice |
The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | immaterial | monetaryItemType | text: <entity> immaterial </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). </context> | us-gaap:Revenues |
On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). </context> | us-gaap:DeferredIncomeTaxExpenseBenefit |
The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. </context> | us-gaap:IncomeTaxHolidayAggregateDollarAmount |
The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. | text | 0.02 | perShareItemType | text: <entity> 0.02 </entity> <entity type> perShareItemType </entity type> <context> The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. </context> | us-gaap:IncomeTaxHolidayIncomeTaxBenefitsPerShare |
At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. </context> | us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings |
At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. </context> | us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings |
The Company anticipates that it is reasonably possible its unrecognized benefits will decrease by $ 46 million, exclusive of interest and penalties, of its current unrecognized tax benefits within 2025 mainly due to the expiration of statute of limitations in various countries and the expected final assessment from the 2010-2013 German income tax audit which concluded in 2021. | text | 46 | monetaryItemType | text: <entity> 46 </entity> <entity type> monetaryItemType </entity type> <context> The Company anticipates that it is reasonably possible its unrecognized benefits will decrease by $ 46 million, exclusive of interest and penalties, of its current unrecognized tax benefits within 2025 mainly due to the expiration of statute of limitations in various countries and the expected final assessment from the 2010-2013 German income tax audit which concluded in 2021. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. | text | 0.1 | sharesItemType | text: <entity> 0.1 </entity> <entity type> sharesItemType </entity type> <context> The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. | text | 0.4 | sharesItemType | text: <entity> 0.4 </entity> <entity type> sharesItemType </entity type> <context> The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. | text | 1.1 | sharesItemType | text: <entity> 1.1 </entity> <entity type> sharesItemType </entity type> <context> The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyReceivable |
Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyReceivable |
Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:InventoryValuationReserves |
Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:InventoryValuationReserves |
Depreciation expense amounted to $ 127 million, | text | 127 | monetaryItemType | text: <entity> 127 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense amounted to $ 127 million, </context> | us-gaap:Depreciation |
$ 117 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 117 | monetaryItemType | text: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> $ 117 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestCostsCapitalized |
We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestCostsCapitalized |
We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestCostsCapitalized |
es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ConvertibleDebt |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShortTermBorrowings |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShortTermBorrowings |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShortTermBorrowings |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:RepaymentsOfShortTermDebt |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 42 | monetaryItemType | text: <entity> 42 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:RepaymentsOfShortTermDebt |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:RepaymentsOfShortTermDebt |
We maintain a voluntary supply chain financing (“SCF”) program with a global financial institution, which allows a select group of suppliers to sell their receivables to the participating financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program are paid by us to the financial institution according to the terms we have with the supplier. Amounts outstanding under the SCF program were $ 22 million and $ 28 million at December 31, 2024 and December 31, 2023, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> We maintain a voluntary supply chain financing (“SCF”) program with a global financial institution, which allows a select group of suppliers to sell their receivables to the participating financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program are paid by us to the financial institution according to the terms we have with the supplier. Amounts outstanding under the SCF program were $ 22 million and $ 28 million at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:SupplierFinanceProgramObligation |
We maintain a voluntary supply chain financing (“SCF”) program with a global financial institution, which allows a select group of suppliers to sell their receivables to the participating financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program are paid by us to the financial institution according to the terms we have with the supplier. Amounts outstanding under the SCF program were $ 22 million and $ 28 million at December 31, 2024 and December 31, 2023, respectively. | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> We maintain a voluntary supply chain financing (“SCF”) program with a global financial institution, which allows a select group of suppliers to sell their receivables to the participating financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program are paid by us to the financial institution according to the terms we have with the supplier. Amounts outstanding under the SCF program were $ 22 million and $ 28 million at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:SupplierFinanceProgramObligation |
We also participate in a virtual card program with a global financial institution, in which we pay supplier invoices on the due date using a Virtual Card Account (“VCA”) and subsequently pay the balance in full 25 days after the billing statement date of the VCA. The program allows for suppliers to receive an accelerated payment for a fee at each supplier's discretion. Fees paid by our suppliers are negotiated directly with the financial institution without our involvement. Amounts outstanding under the VCA program were $ 6 million and $ 8 million at December 31, 2024 and December 31, 2023, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> We also participate in a virtual card program with a global financial institution, in which we pay supplier invoices on the due date using a Virtual Card Account (“VCA”) and subsequently pay the balance in full 25 days after the billing statement date of the VCA. The program allows for suppliers to receive an accelerated payment for a fee at each supplier's discretion. Fees paid by our suppliers are negotiated directly with the financial institution without our involvement. Amounts outstanding under the VCA program were $ 6 million and $ 8 million at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:SupplierFinanceProgramObligation |
We also participate in a virtual card program with a global financial institution, in which we pay supplier invoices on the due date using a Virtual Card Account (“VCA”) and subsequently pay the balance in full 25 days after the billing statement date of the VCA. The program allows for suppliers to receive an accelerated payment for a fee at each supplier's discretion. Fees paid by our suppliers are negotiated directly with the financial institution without our involvement. Amounts outstanding under the VCA program were $ 6 million and $ 8 million at December 31, 2024 and December 31, 2023, respectively. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> We also participate in a virtual card program with a global financial institution, in which we pay supplier invoices on the due date using a Virtual Card Account (“VCA”) and subsequently pay the balance in full 25 days after the billing statement date of the VCA. The program allows for suppliers to receive an accelerated payment for a fee at each supplier's discretion. Fees paid by our suppliers are negotiated directly with the financial institution without our involvement. Amounts outstanding under the VCA program were $ 6 million and $ 8 million at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:SupplierFinanceProgramObligation |
Any indebtedness under the Senior Secured Credit Facilities may be voluntarily prepaid in whole or in part, in minimum amounts, subject to the provisions set forth in the Credit Agreement, including with respect to the 1.00 % premium that would be payable in connection with any Repricing Event (as defined in the Credit Agreement) on the 2029 Dollar Term Loans that occurs within six months of November 26, 2024. Such indebtedness is subject to mandatory prepayments amounting to the proceeds of asset sales over $ 75 million, proceeds from certain debt issuances not otherwise permitted under the Credit Agreement and 50 % (subject to a step-down to 25.0 % or 0 % if the First Lien Net Leverage Ratio (as defined in the Credit Agreement) falls below 4.25 :1.00 or 3.50 :1.00, respectively) of Excess Cash Flow (as defined in the Credit Agreement). Under the circumstances and subject to the conditions described in the Credit Agreement, we may increase our capacity for revolving loans, increase commitments under our existing term loans, issue additional term loans or issue other indebtedness. | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> Any indebtedness under the Senior Secured Credit Facilities may be voluntarily prepaid in whole or in part, in minimum amounts, subject to the provisions set forth in the Credit Agreement, including with respect to the 1.00 % premium that would be payable in connection with any Repricing Event (as defined in the Credit Agreement) on the 2029 Dollar Term Loans that occurs within six months of November 26, 2024. Such indebtedness is subject to mandatory prepayments amounting to the proceeds of asset sales over $ 75 million, proceeds from certain debt issuances not otherwise permitted under the Credit Agreement and 50 % (subject to a step-down to 25.0 % or 0 % if the First Lien Net Leverage Ratio (as defined in the Credit Agreement) falls below 4.25 :1.00 or 3.50 :1.00, respectively) of Excess Cash Flow (as defined in the Credit Agreement). Under the circumstances and subject to the conditions described in the Credit Agreement, we may increase our capacity for revolving loans, increase commitments under our existing term loans, issue additional term loans or issue other indebtedness. </context> | us-gaap:ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments |
The 2029 Dollar Term Loans were issued at 99.00 % of par, or a $ 20 million discount, and mature on December 20, 2029. Principal is paid quarterly based on 1 % per annum of the original principal amount outstanding on the most recent amendment date with the unpaid balance due at maturity, and interest is payable quarterly. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> The 2029 Dollar Term Loans were issued at 99.00 % of par, or a $ 20 million discount, and mature on December 20, 2029. Principal is paid quarterly based on 1 % per annum of the original principal amount outstanding on the most recent amendment date with the unpaid balance due at maturity, and interest is payable quarterly. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
The 2029 Dollar Term Loans are subject to a floor of 0.5 % and a margin of 1.75 % when bearing interest at a rate based on SOFR and a margin of 1.50 % when bearing interest at a rate based on the Base Rate (as defined in the Credit Agreement). | text | 0.5 | percentItemType | text: <entity> 0.5 </entity> <entity type> percentItemType </entity type> <context> The 2029 Dollar Term Loans are subject to a floor of 0.5 % and a margin of 1.75 % when bearing interest at a rate based on SOFR and a margin of 1.50 % when bearing interest at a rate based on the Base Rate (as defined in the Credit Agreement). </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The 2029 Dollar Term Loans are subject to a floor of 0.5 % and a margin of 1.75 % when bearing interest at a rate based on SOFR and a margin of 1.50 % when bearing interest at a rate based on the Base Rate (as defined in the Credit Agreement). | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> The 2029 Dollar Term Loans are subject to a floor of 0.5 % and a margin of 1.75 % when bearing interest at a rate based on SOFR and a margin of 1.50 % when bearing interest at a rate based on the Base Rate (as defined in the Credit Agreement). </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The 2029 Dollar Term Loans are subject to a floor of 0.5 % and a margin of 1.75 % when bearing interest at a rate based on SOFR and a margin of 1.50 % when bearing interest at a rate based on the Base Rate (as defined in the Credit Agreement). | text | 1.50 | percentItemType | text: <entity> 1.50 </entity> <entity type> percentItemType </entity type> <context> The 2029 Dollar Term Loans are subject to a floor of 0.5 % and a margin of 1.75 % when bearing interest at a rate based on SOFR and a margin of 1.50 % when bearing interest at a rate based on the Base Rate (as defined in the Credit Agreement). </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on any outstanding borrowings under the Revolving Credit Facility is subject to an interest margin of 1.50 % for loans based on the Term Benchmark Loans and SONIA Rate Loans (each, as defined in the Credit Agreement) and 0.50 % for loans based on the Base Rate with, in each case, a 0.25 % increase when its First Lien Net Leverage Ratio is greater than or equal to 1.50 :1.00 but less than or equal to 2.50 :1.00 and another 0.25 % increase when its First Lien Net Leverage Ratio is greater than 2.50 :1.00. | text | 1.50 | percentItemType | text: <entity> 1.50 </entity> <entity type> percentItemType </entity type> <context> Interest on any outstanding borrowings under the Revolving Credit Facility is subject to an interest margin of 1.50 % for loans based on the Term Benchmark Loans and SONIA Rate Loans (each, as defined in the Credit Agreement) and 0.50 % for loans based on the Base Rate with, in each case, a 0.25 % increase when its First Lien Net Leverage Ratio is greater than or equal to 1.50 :1.00 but less than or equal to 2.50 :1.00 and another 0.25 % increase when its First Lien Net Leverage Ratio is greater than 2.50 :1.00. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
Interest on any outstanding borrowings under the Revolving Credit Facility is subject to an interest margin of 1.50 % for loans based on the Term Benchmark Loans and SONIA Rate Loans (each, as defined in the Credit Agreement) and 0.50 % for loans based on the Base Rate with, in each case, a 0.25 % increase when its First Lien Net Leverage Ratio is greater than or equal to 1.50 :1.00 but less than or equal to 2.50 :1.00 and another 0.25 % increase when its First Lien Net Leverage Ratio is greater than 2.50 :1.00. | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> Interest on any outstanding borrowings under the Revolving Credit Facility is subject to an interest margin of 1.50 % for loans based on the Term Benchmark Loans and SONIA Rate Loans (each, as defined in the Credit Agreement) and 0.50 % for loans based on the Base Rate with, in each case, a 0.25 % increase when its First Lien Net Leverage Ratio is greater than or equal to 1.50 :1.00 but less than or equal to 2.50 :1.00 and another 0.25 % increase when its First Lien Net Leverage Ratio is greater than 2.50 :1.00. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During the year ended December 31, 2024, we had borrowings and letters of credit issued under the Revolving Credit Facility. At December 31, 2024 and December 31, 2023, letters of credit issued under the Revolving Credit Facility totaled $ 22 million, which reduced the availability under the Revolving Credit Facility as of such dates. There were no borrowings outstanding under the Revolving Credit Facility at December 31, 2024 and 2023. Availability under the Revolving Credit Facility was $ 778 million and $ 528 million at December 31, 2024 and December 31, 2023, respectively. The letters of credit issued under the Revolving Credit Facility include $ 14 million that secures Customer Obligation Guarantees at both December 31, 2024 and December 31, 2023. | text | 778 | monetaryItemType | text: <entity> 778 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we had borrowings and letters of credit issued under the Revolving Credit Facility. At December 31, 2024 and December 31, 2023, letters of credit issued under the Revolving Credit Facility totaled $ 22 million, which reduced the availability under the Revolving Credit Facility as of such dates. There were no borrowings outstanding under the Revolving Credit Facility at December 31, 2024 and 2023. Availability under the Revolving Credit Facility was $ 778 million and $ 528 million at December 31, 2024 and December 31, 2023, respectively. The letters of credit issued under the Revolving Credit Facility include $ 14 million that secures Customer Obligation Guarantees at both December 31, 2024 and December 31, 2023. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
During the year ended December 31, 2024, we had borrowings and letters of credit issued under the Revolving Credit Facility. At December 31, 2024 and December 31, 2023, letters of credit issued under the Revolving Credit Facility totaled $ 22 million, which reduced the availability under the Revolving Credit Facility as of such dates. There were no borrowings outstanding under the Revolving Credit Facility at December 31, 2024 and 2023. Availability under the Revolving Credit Facility was $ 778 million and $ 528 million at December 31, 2024 and December 31, 2023, respectively. The letters of credit issued under the Revolving Credit Facility include $ 14 million that secures Customer Obligation Guarantees at both December 31, 2024 and December 31, 2023. | text | 528 | monetaryItemType | text: <entity> 528 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we had borrowings and letters of credit issued under the Revolving Credit Facility. At December 31, 2024 and December 31, 2023, letters of credit issued under the Revolving Credit Facility totaled $ 22 million, which reduced the availability under the Revolving Credit Facility as of such dates. There were no borrowings outstanding under the Revolving Credit Facility at December 31, 2024 and 2023. Availability under the Revolving Credit Facility was $ 778 million and $ 528 million at December 31, 2024 and December 31, 2023, respectively. The letters of credit issued under the Revolving Credit Facility include $ 14 million that secures Customer Obligation Guarantees at both December 31, 2024 and December 31, 2023. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
During the year ended December 31, 2024, we prepaid $ 75 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 1 million for the year ended December 31, 2024, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we prepaid $ 75 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 1 million for the year ended December 31, 2024, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. </context> | us-gaap:PaymentsOfDebtExtinguishmentCosts |
During the year ended December 31, 2024, we prepaid $ 75 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 1 million for the year ended December 31, 2024, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we prepaid $ 75 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 1 million for the year ended December 31, 2024, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
During March 2024, we entered into the Fourteenth Amendment to the Credit Agreement (the “Fourteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on the Secured Overnight Financing Rate (“SOFR”), from 2.50 % to 2.00 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> During March 2024, we entered into the Fourteenth Amendment to the Credit Agreement (the “Fourteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on the Secured Overnight Financing Rate (“SOFR”), from 2.50 % to 2.00 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During March 2024, we entered into the Fourteenth Amendment to the Credit Agreement (the “Fourteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on the Secured Overnight Financing Rate (“SOFR”), from 2.50 % to 2.00 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. | text | 2.00 | percentItemType | text: <entity> 2.00 </entity> <entity type> percentItemType </entity type> <context> During March 2024, we entered into the Fourteenth Amendment to the Credit Agreement (the “Fourteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on the Secured Overnight Financing Rate (“SOFR”), from 2.50 % to 2.00 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During June 2024, we entered into the Fifteenth Amendment to the Credit Agreement (the “Fifteenth Amendment”), to among other things, increase commitments available pursuant to the Revolving Credit Facility from $ 550 million to $ 800 million and extend the maturity of the Revolving Credit Facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and the Fifteenth Amendment. As a result, we recorded $ 4 million of incremental deferred financing costs to other assets within the consolidated balance sheets during the year ended December 31, 2024. | text | 550 | monetaryItemType | text: <entity> 550 </entity> <entity type> monetaryItemType </entity type> <context> During June 2024, we entered into the Fifteenth Amendment to the Credit Agreement (the “Fifteenth Amendment”), to among other things, increase commitments available pursuant to the Revolving Credit Facility from $ 550 million to $ 800 million and extend the maturity of the Revolving Credit Facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and the Fifteenth Amendment. As a result, we recorded $ 4 million of incremental deferred financing costs to other assets within the consolidated balance sheets during the year ended December 31, 2024. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
During June 2024, we entered into the Fifteenth Amendment to the Credit Agreement (the “Fifteenth Amendment”), to among other things, increase commitments available pursuant to the Revolving Credit Facility from $ 550 million to $ 800 million and extend the maturity of the Revolving Credit Facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and the Fifteenth Amendment. As a result, we recorded $ 4 million of incremental deferred financing costs to other assets within the consolidated balance sheets during the year ended December 31, 2024. | text | 800 | monetaryItemType | text: <entity> 800 </entity> <entity type> monetaryItemType </entity type> <context> During June 2024, we entered into the Fifteenth Amendment to the Credit Agreement (the “Fifteenth Amendment”), to among other things, increase commitments available pursuant to the Revolving Credit Facility from $ 550 million to $ 800 million and extend the maturity of the Revolving Credit Facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and the Fifteenth Amendment. As a result, we recorded $ 4 million of incremental deferred financing costs to other assets within the consolidated balance sheets during the year ended December 31, 2024. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
During June 2024, we entered into the Fifteenth Amendment to the Credit Agreement (the “Fifteenth Amendment”), to among other things, increase commitments available pursuant to the Revolving Credit Facility from $ 550 million to $ 800 million and extend the maturity of the Revolving Credit Facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and the Fifteenth Amendment. As a result, we recorded $ 4 million of incremental deferred financing costs to other assets within the consolidated balance sheets during the year ended December 31, 2024. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During June 2024, we entered into the Fifteenth Amendment to the Credit Agreement (the “Fifteenth Amendment”), to among other things, increase commitments available pursuant to the Revolving Credit Facility from $ 550 million to $ 800 million and extend the maturity of the Revolving Credit Facility from May 2026 to June 2029, provided that such date would be accelerated in certain circumstances as set forth in the Credit Agreement and the Fifteenth Amendment. As a result, we recorded $ 4 million of incremental deferred financing costs to other assets within the consolidated balance sheets during the year ended December 31, 2024. </context> | us-gaap:DebtIssuanceCostsLineOfCreditArrangementsGross |
During November 2024, we entered into the Sixteenth Amendment to the Credit Agreement (the “Sixteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on SOFR, from 2.00 % to 1.75 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. | text | 2.00 | percentItemType | text: <entity> 2.00 </entity> <entity type> percentItemType </entity type> <context> During November 2024, we entered into the Sixteenth Amendment to the Credit Agreement (the “Sixteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on SOFR, from 2.00 % to 1.75 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During November 2024, we entered into the Sixteenth Amendment to the Credit Agreement (the “Sixteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on SOFR, from 2.00 % to 1.75 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> During November 2024, we entered into the Sixteenth Amendment to the Credit Agreement (the “Sixteenth Amendment”) to lower the interest rate spread applicable to the 2029 Dollar Term Loans, which continues to be based on SOFR, from 2.00 % to 1.75 % and to make related changes to effect such repricing. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 2 million loss on financing-related costs related to the write-off of unamortized deferred financing costs and original issue discount and fees incurred to complete the repricing. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During the year ended December 31, 2023, we prepaid $ 200 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 3 million for the year ended December 31, 2023, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we prepaid $ 200 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 3 million for the year ended December 31, 2023, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2023, we prepaid $ 200 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 3 million for the year ended December 31, 2023, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we prepaid $ 200 million of the outstanding principal amount of the 2029 Dollar Term Loans. As a result of these prepayments, we recorded a loss on extinguishment of debt of $ 3 million for the year ended December 31, 2023, which comprised the proportionate write-off of unamortized deferred financing costs and original issue discounts. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. | text | 3.00 | percentItemType | text: <entity> 3.00 </entity> <entity type> percentItemType </entity type> <context> During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. </context> | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> During August 2023, we entered into the Thirteenth Amendment to the Credit Agreement to lower the interest rate spread applicable to the 2029 Dollar Term Loans from 3.00 % to 2.50 % when bearing interest at a rate based on SOFR. The other material terms of the Credit Agreement, including the outstanding principal amount and maturity date of the 2029 Dollar Term Loans, remained unchanged. As a result of the repricing, we recorded a $ 4 million loss on financing-related costs during the year ended December 31, 2023, of which $ 2 million related to the write-off of unamortized deferred financing costs and original issue discount and $ 2 million related to fees incurred to complete the repricing. </context> | us-gaap:AmortizationOfFinancingCostsAndDiscounts |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:RepaymentsOfLongTermDebt |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:LongTermDebt |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:DeferredFinanceCostsGross |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> On December 20, 2022, we entered into the Eleventh Amendment to the Credit Agreement to, among other things, provide a new seven year $ 2 billion term loan maturing December 2029 (i.e. the 2029 Dollar Term Loans), the proceeds of which, together with cash on hand, were used to refinance the existing $ 2 billion term loan due June 2024 (the “2024 Dollar Term Loans”). As a result of the refinancing, we recorded a $ 16 million loss on extinguishment of debt and other financing-related costs, of which $ 1 million was related to the 2024 Dollar Term Loans and $ 15 million was related to the 2029 Dollar Term Loans. The 2024 Dollar Term Loans loss comprised the write off of unamortized deferred financing costs and original issuance discount of $ 1 million. In relation to the 2029 Dollar Term Loans, the loss comprised additional fees, of which $ 7 million and $ 20 million were capitalized as deferred financing costs and original issuance discounts, respectively, and $ 15 million was expensed. </context> | us-gaap:AmortizationOfFinancingCostsAndDiscounts |
Our senior notes (the “Senior Notes”) presently consist of 4.750 % senior notes due 2027 (the “2027 Dollar Senior Notes”), 3.375 % senior notes due 2029 (the “2029 Dollar Senior Notes”) and 7.250 % senior notes due 2031 (the “2031 Dollar Senior Notes”), each of which is governed by an indenture. Since inception, we have held various senior notes that have been subject to several supplemental indentures. For additional detail regarding earlier activities and terms, refer to our previous Annual Reports on Form 10-K filed with the SEC. | text | 4.750 | percentItemType | text: <entity> 4.750 </entity> <entity type> percentItemType </entity type> <context> Our senior notes (the “Senior Notes”) presently consist of 4.750 % senior notes due 2027 (the “2027 Dollar Senior Notes”), 3.375 % senior notes due 2029 (the “2029 Dollar Senior Notes”) and 7.250 % senior notes due 2031 (the “2031 Dollar Senior Notes”), each of which is governed by an indenture. Since inception, we have held various senior notes that have been subject to several supplemental indentures. For additional detail regarding earlier activities and terms, refer to our previous Annual Reports on Form 10-K filed with the SEC. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our senior notes (the “Senior Notes”) presently consist of 4.750 % senior notes due 2027 (the “2027 Dollar Senior Notes”), 3.375 % senior notes due 2029 (the “2029 Dollar Senior Notes”) and 7.250 % senior notes due 2031 (the “2031 Dollar Senior Notes”), each of which is governed by an indenture. Since inception, we have held various senior notes that have been subject to several supplemental indentures. For additional detail regarding earlier activities and terms, refer to our previous Annual Reports on Form 10-K filed with the SEC. | text | 3.375 | percentItemType | text: <entity> 3.375 </entity> <entity type> percentItemType </entity type> <context> Our senior notes (the “Senior Notes”) presently consist of 4.750 % senior notes due 2027 (the “2027 Dollar Senior Notes”), 3.375 % senior notes due 2029 (the “2029 Dollar Senior Notes”) and 7.250 % senior notes due 2031 (the “2031 Dollar Senior Notes”), each of which is governed by an indenture. Since inception, we have held various senior notes that have been subject to several supplemental indentures. For additional detail regarding earlier activities and terms, refer to our previous Annual Reports on Form 10-K filed with the SEC. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our senior notes (the “Senior Notes”) presently consist of 4.750 % senior notes due 2027 (the “2027 Dollar Senior Notes”), 3.375 % senior notes due 2029 (the “2029 Dollar Senior Notes”) and 7.250 % senior notes due 2031 (the “2031 Dollar Senior Notes”), each of which is governed by an indenture. Since inception, we have held various senior notes that have been subject to several supplemental indentures. For additional detail regarding earlier activities and terms, refer to our previous Annual Reports on Form 10-K filed with the SEC. | text | 7.250 | percentItemType | text: <entity> 7.250 </entity> <entity type> percentItemType </entity type> <context> Our senior notes (the “Senior Notes”) presently consist of 4.750 % senior notes due 2027 (the “2027 Dollar Senior Notes”), 3.375 % senior notes due 2029 (the “2029 Dollar Senior Notes”) and 7.250 % senior notes due 2031 (the “2031 Dollar Senior Notes”), each of which is governed by an indenture. Since inception, we have held various senior notes that have been subject to several supplemental indentures. For additional detail regarding earlier activities and terms, refer to our previous Annual Reports on Form 10-K filed with the SEC. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The 2027 Dollar Senior Notes were issued at par and are due June 15, 2027. The 2027 Dollar Senior Notes bear interest at 4.750 % which is payable semi-annually on June 15 | text | 4.750 | percentItemType | text: <entity> 4.750 </entity> <entity type> percentItemType </entity type> <context> The 2027 Dollar Senior Notes were issued at par and are due June 15, 2027. The 2027 Dollar Senior Notes bear interest at 4.750 % which is payable semi-annually on June 15 </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The 2029 Dollar Senior Notes were issued at par and are due February 15, 2029. The 2029 Dollar Senior Notes bear interest at 3.375 % which is payable semi-annually on February 15 | text | 3.375 | percentItemType | text: <entity> 3.375 </entity> <entity type> percentItemType </entity type> <context> The 2029 Dollar Senior Notes were issued at par and are due February 15, 2029. The 2029 Dollar Senior Notes bear interest at 3.375 % which is payable semi-annually on February 15 </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The 2031 Dollar Senior Notes were issued at par and are due February 15, 2031. The 2031 Dollar Senior Notes bear interest at 7.250 % which is payable semi-annually on May 15 | text | 7.250 | percentItemType | text: <entity> 7.250 </entity> <entity type> percentItemType </entity type> <context> The 2031 Dollar Senior Notes were issued at par and are due February 15, 2031. The 2031 Dollar Senior Notes bear interest at 7.250 % which is payable semi-annually on May 15 </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Notwithstanding the foregoing, at any time prior to November 15, 2026, we may at our option redeem in the aggregate up to 40 % of the original aggregate principal amount of the 2031 Dollar Senior Notes with the net cash proceeds of one or more Equity Offerings (as defined in the indenture governing the 2031 Dollar Senior Notes) at a redemption price of 107.250 % plus accrued and unpaid interest, if any, to the redemption date. At least 50 % of the original aggregate principal of the notes must remain outstanding after each such redemption. | text | 40 | percentItemType | text: <entity> 40 </entity> <entity type> percentItemType </entity type> <context> Notwithstanding the foregoing, at any time prior to November 15, 2026, we may at our option redeem in the aggregate up to 40 % of the original aggregate principal amount of the 2031 Dollar Senior Notes with the net cash proceeds of one or more Equity Offerings (as defined in the indenture governing the 2031 Dollar Senior Notes) at a redemption price of 107.250 % plus accrued and unpaid interest, if any, to the redemption date. At least 50 % of the original aggregate principal of the notes must remain outstanding after each such redemption. </context> | us-gaap:DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed |
Notwithstanding the foregoing, at any time prior to November 15, 2026, we may at our option redeem in the aggregate up to 40 % of the original aggregate principal amount of the 2031 Dollar Senior Notes with the net cash proceeds of one or more Equity Offerings (as defined in the indenture governing the 2031 Dollar Senior Notes) at a redemption price of 107.250 % plus accrued and unpaid interest, if any, to the redemption date. At least 50 % of the original aggregate principal of the notes must remain outstanding after each such redemption. | text | 107.250 | percentItemType | text: <entity> 107.250 </entity> <entity type> percentItemType </entity type> <context> Notwithstanding the foregoing, at any time prior to November 15, 2026, we may at our option redeem in the aggregate up to 40 % of the original aggregate principal amount of the 2031 Dollar Senior Notes with the net cash proceeds of one or more Equity Offerings (as defined in the indenture governing the 2031 Dollar Senior Notes) at a redemption price of 107.250 % plus accrued and unpaid interest, if any, to the redemption date. At least 50 % of the original aggregate principal of the notes must remain outstanding after each such redemption. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). </context> | us-gaap:DebtInstrumentFaceAmount |
In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). | text | 450 | monetaryItemType | text: <entity> 450 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). </context> | us-gaap:DebtInstrumentFaceAmount |
In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). | text | 489 | monetaryItemType | text: <entity> 489 </entity> <entity type> monetaryItemType </entity type> <context> In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). </context> | us-gaap:RepaymentsOfLongTermDebt |
In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). | text | 3.750 | percentItemType | text: <entity> 3.750 </entity> <entity type> percentItemType </entity type> <context> In November 2023, we issued $ 500 million in aggregate principal amount of the 2031 Dollar Senior Notes. The net proceeds from the 2031 Dollar Senior Notes, together with cash on hand were used to redeem the € 450 million aggregate principal amount, with USD equivalent of $ 489 million, of 3.750 % Euro Senior Notes due 2025 (“Redeemed Notes”) and pay related transaction costs and expenses (“November 2023 Notes Refinancing”). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In connection with the November 2023 Notes Refinancing, we incurred $ 8 million in third party fees, of which $ 6 million was paid concurrently with the issuance, and $ 1 million was accrued. We also recorded a $ 2 million loss on extinguishment of debt relating to the write off of unamortized deferred financing costs attributable to the Redeemed Notes. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the November 2023 Notes Refinancing, we incurred $ 8 million in third party fees, of which $ 6 million was paid concurrently with the issuance, and $ 1 million was accrued. We also recorded a $ 2 million loss on extinguishment of debt relating to the write off of unamortized deferred financing costs attributable to the Redeemed Notes. </context> | us-gaap:DebtInstrumentFeeAmount |
In connection with the November 2023 Notes Refinancing, we incurred $ 8 million in third party fees, of which $ 6 million was paid concurrently with the issuance, and $ 1 million was accrued. We also recorded a $ 2 million loss on extinguishment of debt relating to the write off of unamortized deferred financing costs attributable to the Redeemed Notes. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the November 2023 Notes Refinancing, we incurred $ 8 million in third party fees, of which $ 6 million was paid concurrently with the issuance, and $ 1 million was accrued. We also recorded a $ 2 million loss on extinguishment of debt relating to the write off of unamortized deferred financing costs attributable to the Redeemed Notes. </context> | us-gaap:PaymentsOfDebtIssuanceCosts |
In connection with the November 2023 Notes Refinancing, we incurred $ 8 million in third party fees, of which $ 6 million was paid concurrently with the issuance, and $ 1 million was accrued. We also recorded a $ 2 million loss on extinguishment of debt relating to the write off of unamortized deferred financing costs attributable to the Redeemed Notes. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the November 2023 Notes Refinancing, we incurred $ 8 million in third party fees, of which $ 6 million was paid concurrently with the issuance, and $ 1 million was accrued. We also recorded a $ 2 million loss on extinguishment of debt relating to the write off of unamortized deferred financing costs attributable to the Redeemed Notes. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
Over the next 12 months, we expect a loss of $ 1 million pertaining to cash flow hedges to be reclassified from AOCI into earnings, related to our interest rate swaps. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Over the next 12 months, we expect a loss of $ 1 million pertaining to cash flow hedges to be reclassified from AOCI into earnings, related to our interest rate swaps. </context> | us-gaap:CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths |
Net Sales are attributed to countries based on the customer's location. Sales to customers in China represented approximately 11 % of the total for the year ended December 31, 2024 and 10 % for the years ended December 31, 2023 and 2022. Sales to customers in Germany represented approximately 7 % of the total for the years ended December 31, 2024, 2023 and 2022. Mexico represented 7 % of the total for the years ended December 31, 2024 and 2023 and 6 % for the year ended December 31, 2022. Canada, which is included in the North America region, represented approximately 3 % of total net sales for the years ended December 31, 2024 and 2023 and 4 % for the year ended December 31, 2022. | text | 11 | percentItemType | text: <entity> 11 </entity> <entity type> percentItemType </entity type> <context> Net Sales are attributed to countries based on the customer's location. Sales to customers in China represented approximately 11 % of the total for the year ended December 31, 2024 and 10 % for the years ended December 31, 2023 and 2022. Sales to customers in Germany represented approximately 7 % of the total for the years ended December 31, 2024, 2023 and 2022. Mexico represented 7 % of the total for the years ended December 31, 2024 and 2023 and 6 % for the year ended December 31, 2022. Canada, which is included in the North America region, represented approximately 3 % of total net sales for the years ended December 31, 2024 and 2023 and 4 % for the year ended December 31, 2022. </context> | us-gaap:ConcentrationRiskPercentage1 |
Net Sales are attributed to countries based on the customer's location. Sales to customers in China represented approximately 11 % of the total for the year ended December 31, 2024 and 10 % for the years ended December 31, 2023 and 2022. Sales to customers in Germany represented approximately 7 % of the total for the years ended December 31, 2024, 2023 and 2022. Mexico represented 7 % of the total for the years ended December 31, 2024 and 2023 and 6 % for the year ended December 31, 2022. Canada, which is included in the North America region, represented approximately 3 % of total net sales for the years ended December 31, 2024 and 2023 and 4 % for the year ended December 31, 2022. | text | 6 | percentItemType | text: <entity> 6 </entity> <entity type> percentItemType </entity type> <context> Net Sales are attributed to countries based on the customer's location. Sales to customers in China represented approximately 11 % of the total for the year ended December 31, 2024 and 10 % for the years ended December 31, 2023 and 2022. Sales to customers in Germany represented approximately 7 % of the total for the years ended December 31, 2024, 2023 and 2022. Mexico represented 7 % of the total for the years ended December 31, 2024 and 2023 and 6 % for the year ended December 31, 2022. Canada, which is included in the North America region, represented approximately 3 % of total net sales for the years ended December 31, 2024 and 2023 and 4 % for the year ended December 31, 2022. </context> | us-gaap:ConcentrationRiskPercentage1 |
Net Sales are attributed to countries based on the customer's location. Sales to customers in China represented approximately 11 % of the total for the year ended December 31, 2024 and 10 % for the years ended December 31, 2023 and 2022. Sales to customers in Germany represented approximately 7 % of the total for the years ended December 31, 2024, 2023 and 2022. Mexico represented 7 % of the total for the years ended December 31, 2024 and 2023 and 6 % for the year ended December 31, 2022. Canada, which is included in the North America region, represented approximately 3 % of total net sales for the years ended December 31, 2024 and 2023 and 4 % for the year ended December 31, 2022. | text | 4 | percentItemType | text: <entity> 4 </entity> <entity type> percentItemType </entity type> <context> Net Sales are attributed to countries based on the customer's location. Sales to customers in China represented approximately 11 % of the total for the year ended December 31, 2024 and 10 % for the years ended December 31, 2023 and 2022. Sales to customers in Germany represented approximately 7 % of the total for the years ended December 31, 2024, 2023 and 2022. Mexico represented 7 % of the total for the years ended December 31, 2024 and 2023 and 6 % for the year ended December 31, 2022. Canada, which is included in the North America region, represented approximately 3 % of total net sales for the years ended December 31, 2024 and 2023 and 4 % for the year ended December 31, 2022. </context> | us-gaap:ConcentrationRiskPercentage1 |
Long-lived assets consist of property, plant and equipment, net. Germany long-lived assets amounted to approximately $ 204 million and $ 210 million at December 31, 2024 and 2023, respectively. China long-lived assets amounted to approximately $ 156 million and $ 171 million at December 31, 2024 and 2023, respectively. Mexico long-lived assets amounted to approximately $ 63 million and $ 69 million at December 31, 2024 and 2023, respectively. Canada long-lived assets, which are included in the North America region, amounted to approximately $ 6 million at December 31, 2024 and 2023. | text | 204 | monetaryItemType | text: <entity> 204 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets consist of property, plant and equipment, net. Germany long-lived assets amounted to approximately $ 204 million and $ 210 million at December 31, 2024 and 2023, respectively. China long-lived assets amounted to approximately $ 156 million and $ 171 million at December 31, 2024 and 2023, respectively. Mexico long-lived assets amounted to approximately $ 63 million and $ 69 million at December 31, 2024 and 2023, respectively. Canada long-lived assets, which are included in the North America region, amounted to approximately $ 6 million at December 31, 2024 and 2023. </context> | us-gaap:NoncurrentAssets |
Long-lived assets consist of property, plant and equipment, net. Germany long-lived assets amounted to approximately $ 204 million and $ 210 million at December 31, 2024 and 2023, respectively. China long-lived assets amounted to approximately $ 156 million and $ 171 million at December 31, 2024 and 2023, respectively. Mexico long-lived assets amounted to approximately $ 63 million and $ 69 million at December 31, 2024 and 2023, respectively. Canada long-lived assets, which are included in the North America region, amounted to approximately $ 6 million at December 31, 2024 and 2023. | text | 210 | monetaryItemType | text: <entity> 210 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets consist of property, plant and equipment, net. Germany long-lived assets amounted to approximately $ 204 million and $ 210 million at December 31, 2024 and 2023, respectively. China long-lived assets amounted to approximately $ 156 million and $ 171 million at December 31, 2024 and 2023, respectively. Mexico long-lived assets amounted to approximately $ 63 million and $ 69 million at December 31, 2024 and 2023, respectively. Canada long-lived assets, which are included in the North America region, amounted to approximately $ 6 million at December 31, 2024 and 2023. </context> | us-gaap:NoncurrentAssets |
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