context stringlengths 21 33.9k | category stringclasses 2
values | entity stringlengths 1 12 | entity_type stringclasses 5
values | query stringlengths 97 3.31k | answer stringlengths 12 169 |
|---|---|---|---|---|---|
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 183 | monetaryItemType | text: <entity> 183 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> The amount of compensation cost for awards subject to a service condition is based on the number of shares expected to be issued and is recognized over the time period for which service is to be provided (requisite service period), generally the vesting period. Awards granted to retiree-eligible employees or to employees who become retiree-eligible before an award’s vesting date are considered to have met the requisite service condition if the vesting terms are accelerated upon retirement. The compensation cost for awards subject to a performance condition is based upon the probable outcome of the performance condition, which on the grant date reflects an estimate of attaining 100 % of the performance shares granted. The compensation cost reflects an estimated annual forfeiture rate from 1.5 % to 3.5 % over the requisite service period of the awards. That estimate is revised if subsequent information indicates that the actual number of instruments expected to vest is likely to differ from previous estimates. Compensation costs for awards are recognized on a straight-line basis over the requisite service period. For awards that have graded vesting terms, the compensation cost is recognized on a straight-line basis over the requisite service period for each separate vesting portion of the award as if the award was, in substance, multiple awards. The total compensation cost for all share-based incentive compensation awards recognized in earnings for the years ended December 31, 2024, 2023 and 2022 was $ 260 million, $ 214 million and $ 183 million, respectively. Included in these amounts are compensation cost adjustments of $ 68 million, $ 39 million and $ 23 million, for the years ended December 31, 2024, 2023 and 2022, respectively, that reflected the cost associated with the updated estimate of performance shares due to attaining certain performance levels from the date of the initial grant of the performance awards. The related tax benefits recognized in earnings were $ 43 million, $ 36 million and $ 31 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 248 | monetaryItemType | text: <entity> 248 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 321 | monetaryItemType | text: <entity> 321 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 141 | monetaryItemType | text: <entity> 141 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 267 | monetaryItemType | text: <entity> 267 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 248 million of total unrecognized compensation cost related to all nonvested share-based incentive compensation awards. This includes stock options, restricted and deferred stock units and performance shares granted under the 2023 Incentive Plan. The unrecognized compensation cost is expected to be recognized over a weighted-average period of 1.8 years. Cash received from the exercise of employee stock options under share-based compensation plans totaled $ 321 million, $ 141 million and $ 267 million in 2024, 2023 and 2022, respectively. The tax benefit for tax deductions from employee stock options exercised during 2024, 2023 and 2022 totaled $ 39 million, $ 11 million and $ 22 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
On February 4, 2025, the Company granted 685,943 common stock awards in the form of restricted stock units, deferred stock units and performance share awards under the 2023 Incentive Plan to participating officers, non-employee directors and other key employees. | text | 685943 | sharesItemType | text: <entity> 685943 </entity> <entity type> sharesItemType </entity type> <context> On February 4, 2025, the Company granted 685,943 common stock awards in the form of restricted stock units, deferred stock units and performance share awards under the 2023 Incentive Plan to participating officers, non-employee directors and other key employees. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . | text | 432987 | sharesItemType | text: <entity> 432987 </entity> <entity type> sharesItemType </entity type> <context> Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . | text | 244.06 | perShareItemType | text: <entity> 244.06 </entity> <entity type> perShareItemType </entity type> <context> Included in the total common stock awards granted were 432,987 shares of restricted stock units and deferred stock units with a fair value per share attributable to the units of $ 244.06 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The remaining common stock awards granted were 252,956 performance share awards, which are settled in common stock and are contingent on the Company’s attainment of certain performance and market-based goals over the performance period and the recipient meeting certain years of service. | text | 252956 | sharesItemType | text: <entity> 252956 </entity> <entity type> sharesItemType </entity type> <context> The remaining common stock awards granted were 252,956 performance share awards, which are settled in common stock and are contingent on the Company’s attainment of certain performance and market-based goals over the performance period and the recipient meeting certain years of service. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
The percentage of shares that may vest at the end of the performance period is subject to the attainment of identified return-on-equity (ROE) performance goals, and is adjusted (up or down) based on the Company’s total shareholder return relative to the S&P Financials Index. The range of performance shares that may vest under the Plan is 0 % to 200 %. The fair value per share of the performance awards at grant date was $ 251.19 . | text | 251.19 | perShareItemType | text: <entity> 251.19 </entity> <entity type> perShareItemType </entity type> <context> The percentage of shares that may vest at the end of the performance period is subject to the attainment of identified return-on-equity (ROE) performance goals, and is adjusted (up or down) based on the Company’s total shareholder return relative to the S&P Financials Index. The range of performance shares that may vest under the Plan is 0 % to 200 %. The fair value per share of the performance awards at grant date was $ 251.19 . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.27 | monetaryItemType | text: <entity> 3.27 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.47 | monetaryItemType | text: <entity> 3.47 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.09 | monetaryItemType | text: <entity> 3.09 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 3.30 | monetaryItemType | text: <entity> 3.30 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 180 | monetaryItemType | text: <entity> 180 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. | text | 176 | monetaryItemType | text: <entity> 176 </entity> <entity type> monetaryItemType </entity type> <context> The total accumulated benefit obligation for the Company’s defined benefit pension plans was $ 3.27 billion and $ 3.47 billion at December 31, 2024 and 2023, respectively. The qualified domestic pension plan accounted for $ 3.09 billion and $ 3.30 billion of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively, whereas the nonqualified and foreign plans accounted for $ 180 million and $ 176 million of the total accumulated benefit obligation at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 118 | monetaryItemType | text: <entity> 118 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 114 | monetaryItemType | text: <entity> 114 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 112 | monetaryItemType | text: <entity> 112 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 92 | monetaryItemType | text: <entity> 92 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets |
For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> For pension plans with a projected benefit obligation in excess of plan assets, the aggregate projected benefit obligation was $ 118 million and $ 114 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For pension plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 112 million and $ 106 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 0 million at both December 31, 2024 and 2023. For postretirement benefit plans with an accumulated benefit obligation in excess of plan assets, the aggregate accumulated benefit obligation was $ 62 million and $ 92 million at December 31, 2024 and 2023, respectively, and the aggregate plan assets were $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets |
The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. | text | 159 | monetaryItemType | text: <entity> 159 </entity> <entity type> monetaryItemType </entity type> <context> The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanActuarialGainLoss |
The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> The $ 159 million actuarial gain experienced in 2024 for the qualified domestic pension plan was largely driven by the increase in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2024. The $ 123 million actuarial loss experienced in 2023 for the qualified domestic pension plan was largely driven by the decrease in the assumed discount rate from the prior year that was used to determine the projected benefit obligation at December 31, 2023. </context> | us-gaap:DefinedBenefitPlanActuarialGainLoss |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 85 | percentItemType | text: <entity> 85 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 90 | percentItemType | text: <entity> 90 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 15 | percentItemType | text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 55 | percentItemType | text: <entity> 55 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 65 | percentItemType | text: <entity> 65 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 20 | percentItemType | text: <entity> 20 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. | text | 40 | percentItemType | text: <entity> 40 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy for the qualified domestic pension plan is to achieve a mix of approximately 85 % to 90 % of investments for long-term growth and 10 % to 15 % for near-term benefit payments with a diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 55 % to 65 % equity securities and 20 % to 40 % fixed income securities, with the remainder allocated to short-term securities. Equity securities primarily include investments in large, medium and small-cap companies primarily located in the United States. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities, U.S. Treasury securities and debt securities issued by foreign governments. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 35 | percentItemType | text: <entity> 35 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 65 | percentItemType | text: <entity> 65 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. | text | 75 | percentItemType | text: <entity> 75 </entity> <entity type> percentItemType </entity type> <context> The Company’s overall investment strategy is to achieve a mix of approximately 35 % to 65 % of investments for long-term growth and 35 % to 65 % for near-term insurance payments with a wide diversification of asset types, fund strategies and fund managers. The current target allocations for plan assets are 25 % to 75 % fixed income securities, with the remainder allocated to short-term securities. Fixed income securities include corporate bonds of companies from diversified industries, mortgage-backed securities and U.S. Treasuries. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> The Company’s other postretirement benefit plans had financial assets of $ 6 million and $ 7 million at December 31, 2024 and 2023, respectively, which are measured at fair value on a recurring basis. The assets are primarily corporate bonds, which are categorized as level 2 in the fair value hierarchy. </context> | us-gaap:DefinedBenefitPlanFairValueOfPlanAssets |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 170 | monetaryItemType | text: <entity> 170 </entity> <entity type> monetaryItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 154 | monetaryItemType | text: <entity> 154 </entity> <entity type> monetaryItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 139 | monetaryItemType | text: <entity> 139 </entity> <entity type> monetaryItemType </entity type> <context> Substantially all U.S. domestic Company employees are eligible to participate in The Travelers 401(k) Savings Plan (the Savings Plan). Eligible employees can contribute to the Savings Plan, and the Company makes a matching contribution into the employee’s Savings Plan account, subject to limitations described below. In addition, when an eligible U.S. employee makes a payment toward their student loans, the Company makes a contribution of that amount into the employee’s Savings Plan account, subject to limitations described below. The total annual amount of the Company’s matching contributions, student loan repayment contributions or a combination of both is the lesser of 5 % of eligible pay or $ 7,500 , which becomes 100 % vested after three years of service. All Company contributions to the Savings Plan are made in cash and invested according to the employee’s current investment elections and can be reinvested into other investment options in accordance with the terms of the Savings Plan. The Company’s non-U.S. employees and certain domestic employees participate in separate savings plans. The total expense related to all of the savings plans was $ 170 million, $ 154 million and $ 139 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanCostRecognized |
In the ordinary course of selling businesses to third parties, the Company has agreed to indemnify purchasers for losses arising out of breaches of representations and warranties, obligations arising from certain liabilities and any breach or failure to perform certain covenants with respect to the businesses being sold. Such indemnification provisions generally are applicable from the closing date to the expiration of the relevant statutes of limitations, although, in some cases, there may be agreed upon term limitations or no term limitations. Certain of these contingent obligations are subject to deductibles which have to be incurred by the obligee before the Company is obligated to make payments. The maximum amount of the Company’s contingent obligation for indemnifications related to the sale of businesses that are quantifiable was $ 351 million at December 31, 2024. | text | 351 | monetaryItemType | text: <entity> 351 </entity> <entity type> monetaryItemType </entity type> <context> In the ordinary course of selling businesses to third parties, the Company has agreed to indemnify purchasers for losses arising out of breaches of representations and warranties, obligations arising from certain liabilities and any breach or failure to perform certain covenants with respect to the businesses being sold. Such indemnification provisions generally are applicable from the closing date to the expiration of the relevant statutes of limitations, although, in some cases, there may be agreed upon term limitations or no term limitations. Certain of these contingent obligations are subject to deductibles which have to be incurred by the obligee before the Company is obligated to make payments. The maximum amount of the Company’s contingent obligation for indemnifications related to the sale of businesses that are quantifiable was $ 351 million at December 31, 2024. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
During 2024, the Massachusetts Property Insurance Underwriting Association, a FAIR Plan of which the Company was a member, was restructured from a partnership that shares profits and losses with Member Companies to a joint underwriting association, or JUA, that is a stand-alone, risk-bearing entity. This restructuring included a noncash exchange of the Company’s share of undistributed members’ equity for a beneficial interest in a new Fair Plan Trust which resulted in noncash investing activity totaling $ 32 million. In unrelated transactions, the Company issued common stock during 2024 in connection with its stock compensation plan which resulted in noncash financing transactions totaling $ 32 million from the net share settlement of employee stock options. | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Massachusetts Property Insurance Underwriting Association, a FAIR Plan of which the Company was a member, was restructured from a partnership that shares profits and losses with Member Companies to a joint underwriting association, or JUA, that is a stand-alone, risk-bearing entity. This restructuring included a noncash exchange of the Company’s share of undistributed members’ equity for a beneficial interest in a new Fair Plan Trust which resulted in noncash investing activity totaling $ 32 million. In unrelated transactions, the Company issued common stock during 2024 in connection with its stock compensation plan which resulted in noncash financing transactions totaling $ 32 million from the net share settlement of employee stock options. </context> | us-gaap:TransferToInvestments |
The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. | text | 7.75 | percentItemType | text: <entity> 7.75 </entity> <entity type> percentItemType </entity type> <context> The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. | text | 6.375 | percentItemType | text: <entity> 6.375 </entity> <entity type> percentItemType </entity type> <context> The Travelers Companies, Inc. (TRV) fully and unconditionally guarantees the payment of all principal, premiums, if any, and interest on certain debt obligations of its subsidiaries TPC and TIGHI. The guarantees pertain to the $ 200 million 7.75 % notes due 2026 and the $ 500 million 6.375 % notes due 2033. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Company accounts for its interest in Antero Midstream Corporation (“Antero Midstream”) using the equity method of accounting. As of December 31, 2022 and 2023, the Company had 29.1 % and 29.0 % , respectively, interest in Antero Midstream. Investments in entities for which the Company exercises significant influence, but not control, are accounted for under the equity method. The Company’s judgment regarding the level of influence over its equity method investments includes considering key factors such as Antero’s ownership interest, representation on the board of directors and participation in the policy-making decisions of equity method investees. Such investments are included in Investment in unconsolidated affiliate on the Company’s consolidated balance sheets. Income (loss) from investees that are accounted for under the equity method is included in Equity in earnings (loss) of unconsolidated affiliate on the Company’s consolidated statements of operations and comprehensive income (loss) and cash flows. When Antero records its proportionate share of net income or net loss, it is recorded in equity in earnings (loss) of unconsolidated affiliate in the statements of operations and comprehensive income (loss) and the carrying value of that investment on the Company’s balance sheet. When a distribution is received, it is recorded as a reduction to the carrying value of that investment on the Company’s balance sheet. The Company’s equity in earnings of unconsolidated affiliates is adjusted for intercompany transactions and the basis differences recognized due to the difference between the cost of the equity method investment in Antero Midstream and the amount of underlying equity in the net assets of Antero Midstream Partners LP (“Antero Midstream Partners”) as of March 12, 2019, on such date, the Company deconsolidated Antero Midstream Partners. See Note 5—Equity Method Investments to the consolidated financial statements for further discussion on equity method investments. | text | 29.1 | percentItemType | text: <entity> 29.1 </entity> <entity type> percentItemType </entity type> <context> The Company accounts for its interest in Antero Midstream Corporation (“Antero Midstream”) using the equity method of accounting. As of December 31, 2022 and 2023, the Company had 29.1 % and 29.0 % , respectively, interest in Antero Midstream. Investments in entities for which the Company exercises significant influence, but not control, are accounted for under the equity method. The Company’s judgment regarding the level of influence over its equity method investments includes considering key factors such as Antero’s ownership interest, representation on the board of directors and participation in the policy-making decisions of equity method investees. Such investments are included in Investment in unconsolidated affiliate on the Company’s consolidated balance sheets. Income (loss) from investees that are accounted for under the equity method is included in Equity in earnings (loss) of unconsolidated affiliate on the Company’s consolidated statements of operations and comprehensive income (loss) and cash flows. When Antero records its proportionate share of net income or net loss, it is recorded in equity in earnings (loss) of unconsolidated affiliate in the statements of operations and comprehensive income (loss) and the carrying value of that investment on the Company’s balance sheet. When a distribution is received, it is recorded as a reduction to the carrying value of that investment on the Company’s balance sheet. The Company’s equity in earnings of unconsolidated affiliates is adjusted for intercompany transactions and the basis differences recognized due to the difference between the cost of the equity method investment in Antero Midstream and the amount of underlying equity in the net assets of Antero Midstream Partners LP (“Antero Midstream Partners”) as of March 12, 2019, on such date, the Company deconsolidated Antero Midstream Partners. See Note 5—Equity Method Investments to the consolidated financial statements for further discussion on equity method investments. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
The Company accounts for its interest in Antero Midstream Corporation (“Antero Midstream”) using the equity method of accounting. As of December 31, 2022 and 2023, the Company had 29.1 % and 29.0 % , respectively, interest in Antero Midstream. Investments in entities for which the Company exercises significant influence, but not control, are accounted for under the equity method. The Company’s judgment regarding the level of influence over its equity method investments includes considering key factors such as Antero’s ownership interest, representation on the board of directors and participation in the policy-making decisions of equity method investees. Such investments are included in Investment in unconsolidated affiliate on the Company’s consolidated balance sheets. Income (loss) from investees that are accounted for under the equity method is included in Equity in earnings (loss) of unconsolidated affiliate on the Company’s consolidated statements of operations and comprehensive income (loss) and cash flows. When Antero records its proportionate share of net income or net loss, it is recorded in equity in earnings (loss) of unconsolidated affiliate in the statements of operations and comprehensive income (loss) and the carrying value of that investment on the Company’s balance sheet. When a distribution is received, it is recorded as a reduction to the carrying value of that investment on the Company’s balance sheet. The Company’s equity in earnings of unconsolidated affiliates is adjusted for intercompany transactions and the basis differences recognized due to the difference between the cost of the equity method investment in Antero Midstream and the amount of underlying equity in the net assets of Antero Midstream Partners LP (“Antero Midstream Partners”) as of March 12, 2019, on such date, the Company deconsolidated Antero Midstream Partners. See Note 5—Equity Method Investments to the consolidated financial statements for further discussion on equity method investments. | text | 29.0 | percentItemType | text: <entity> 29.0 </entity> <entity type> percentItemType </entity type> <context> The Company accounts for its interest in Antero Midstream Corporation (“Antero Midstream”) using the equity method of accounting. As of December 31, 2022 and 2023, the Company had 29.1 % and 29.0 % , respectively, interest in Antero Midstream. Investments in entities for which the Company exercises significant influence, but not control, are accounted for under the equity method. The Company’s judgment regarding the level of influence over its equity method investments includes considering key factors such as Antero’s ownership interest, representation on the board of directors and participation in the policy-making decisions of equity method investees. Such investments are included in Investment in unconsolidated affiliate on the Company’s consolidated balance sheets. Income (loss) from investees that are accounted for under the equity method is included in Equity in earnings (loss) of unconsolidated affiliate on the Company’s consolidated statements of operations and comprehensive income (loss) and cash flows. When Antero records its proportionate share of net income or net loss, it is recorded in equity in earnings (loss) of unconsolidated affiliate in the statements of operations and comprehensive income (loss) and the carrying value of that investment on the Company’s balance sheet. When a distribution is received, it is recorded as a reduction to the carrying value of that investment on the Company’s balance sheet. The Company’s equity in earnings of unconsolidated affiliates is adjusted for intercompany transactions and the basis differences recognized due to the difference between the cost of the equity method investment in Antero Midstream and the amount of underlying equity in the net assets of Antero Midstream Partners LP (“Antero Midstream Partners”) as of March 12, 2019, on such date, the Company deconsolidated Antero Midstream Partners. See Note 5—Equity Method Investments to the consolidated financial statements for further discussion on equity method investments. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Depletion of oil and gas properties is calculated on a geological reservoir basis using the units-of- production method. Depletion expense for oil and gas properties was $ 736 million, $ 738 million and $ 682 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 736 | monetaryItemType | text: <entity> 736 </entity> <entity type> monetaryItemType </entity type> <context> Depletion of oil and gas properties is calculated on a geological reservoir basis using the units-of- production method. Depletion expense for oil and gas properties was $ 736 million, $ 738 million and $ 682 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion |
Depletion of oil and gas properties is calculated on a geological reservoir basis using the units-of- production method. Depletion expense for oil and gas properties was $ 736 million, $ 738 million and $ 682 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 738 | monetaryItemType | text: <entity> 738 </entity> <entity type> monetaryItemType </entity type> <context> Depletion of oil and gas properties is calculated on a geological reservoir basis using the units-of- production method. Depletion expense for oil and gas properties was $ 736 million, $ 738 million and $ 682 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion |
Depletion of oil and gas properties is calculated on a geological reservoir basis using the units-of- production method. Depletion expense for oil and gas properties was $ 736 million, $ 738 million and $ 682 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 682 | monetaryItemType | text: <entity> 682 </entity> <entity type> monetaryItemType </entity type> <context> Depletion of oil and gas properties is calculated on a geological reservoir basis using the units-of- production method. Depletion expense for oil and gas properties was $ 736 million, $ 738 million and $ 682 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:ResultsOfOperationsDepreciationDepletionAmortizationAndAccretion |
Other property and equipment assets are depreciated using the straight-line method over their estimated useful lives, which range from two to 20 years . Depreciation expense for other property and equipment was $ 6 million, $ 4 million and $ 8 million for the years ended December 31, 2021, 2022 and 2023, respectively. A gain or loss is recognized upon the sale or disposal of other property and equipment. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Other property and equipment assets are depreciated using the straight-line method over their estimated useful lives, which range from two to 20 years . Depreciation expense for other property and equipment was $ 6 million, $ 4 million and $ 8 million for the years ended December 31, 2021, 2022 and 2023, respectively. A gain or loss is recognized upon the sale or disposal of other property and equipment. </context> | us-gaap:DepreciationDepletionAndAmortization |
Other property and equipment assets are depreciated using the straight-line method over their estimated useful lives, which range from two to 20 years . Depreciation expense for other property and equipment was $ 6 million, $ 4 million and $ 8 million for the years ended December 31, 2021, 2022 and 2023, respectively. A gain or loss is recognized upon the sale or disposal of other property and equipment. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Other property and equipment assets are depreciated using the straight-line method over their estimated useful lives, which range from two to 20 years . Depreciation expense for other property and equipment was $ 6 million, $ 4 million and $ 8 million for the years ended December 31, 2021, 2022 and 2023, respectively. A gain or loss is recognized upon the sale or disposal of other property and equipment. </context> | us-gaap:DepreciationDepletionAndAmortization |
Other property and equipment assets are depreciated using the straight-line method over their estimated useful lives, which range from two to 20 years . Depreciation expense for other property and equipment was $ 6 million, $ 4 million and $ 8 million for the years ended December 31, 2021, 2022 and 2023, respectively. A gain or loss is recognized upon the sale or disposal of other property and equipment. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Other property and equipment assets are depreciated using the straight-line method over their estimated useful lives, which range from two to 20 years . Depreciation expense for other property and equipment was $ 6 million, $ 4 million and $ 8 million for the years ended December 31, 2021, 2022 and 2023, respectively. A gain or loss is recognized upon the sale or disposal of other property and equipment. </context> | us-gaap:DepreciationDepletionAndAmortization |
Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:DeferredFinanceCostsNoncurrentNet |
Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:DeferredFinanceCostsNoncurrentNet |
Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:DeferredFinanceCostsNoncurrentNet |
Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:DeferredFinanceCostsNoncurrentNet |
Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:AmortizationOfFinancingCosts |
Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs represent loan origination fees and other initial borrowing costs. Such costs are capitalized and included in Other assets on the consolidated balance sheets if related to the Company’s Credit Facility, and are included as a reduction to Long-term debt on the consolidated balance sheets if related to the issuance of the Company’s Senior Notes and 2026 Convertible Notes. These costs are amortized over the term of the related debt instrument. The Company charges expense for unamortized debt issuance costs if the credit facility is retired prior to its maturity date. As of December 31, 2022, the Company had $ 6 million of unamortized debt issuance costs included in other long-term assets, and $ 12 million of unamortized debt issuance costs included as a reduction to long-term debt. As of December 31, 2023, the Company had $ 5 million of unamortized debt issuance costs included in other long-term assets, and $ 10 million of unamortized debt issuance costs included as a reduction to long-term debt. The amortization and write-off related to deferred debt issuance costs was $ 7 million, $ 4 million and $ 4 million for the years ended December 31, 2021, 2022 and 2023, respectively. </context> | us-gaap:AmortizationOfFinancingCosts |
The Company’s revenues are derived principally from uncollateralized sales to purchasers in the oil and gas industry or the utilities industry. The concentration of credit risk in two related industries affects the Company’s overall exposure to credit risk because purchasers may be similarly affected by changes in economic and other conditions. The Company has not experienced significant credit losses on its receivables. The Company’s sales to Six One Commodities LLC accounted for 10 % and 12 % of total sales for the years ended December 31, 2021 and 2022, respectively. No customer accounted for more than 10% of the Company’s sales for the year ended December 31, 2023. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> The Company’s revenues are derived principally from uncollateralized sales to purchasers in the oil and gas industry or the utilities industry. The concentration of credit risk in two related industries affects the Company’s overall exposure to credit risk because purchasers may be similarly affected by changes in economic and other conditions. The Company has not experienced significant credit losses on its receivables. The Company’s sales to Six One Commodities LLC accounted for 10 % and 12 % of total sales for the years ended December 31, 2021 and 2022, respectively. No customer accounted for more than 10% of the Company’s sales for the year ended December 31, 2023. </context> | us-gaap:ConcentrationRiskPercentage1 |
The Company’s revenues are derived principally from uncollateralized sales to purchasers in the oil and gas industry or the utilities industry. The concentration of credit risk in two related industries affects the Company’s overall exposure to credit risk because purchasers may be similarly affected by changes in economic and other conditions. The Company has not experienced significant credit losses on its receivables. The Company’s sales to Six One Commodities LLC accounted for 10 % and 12 % of total sales for the years ended December 31, 2021 and 2022, respectively. No customer accounted for more than 10% of the Company’s sales for the year ended December 31, 2023. | text | 12 | percentItemType | text: <entity> 12 </entity> <entity type> percentItemType </entity type> <context> The Company’s revenues are derived principally from uncollateralized sales to purchasers in the oil and gas industry or the utilities industry. The concentration of credit risk in two related industries affects the Company’s overall exposure to credit risk because purchasers may be similarly affected by changes in economic and other conditions. The Company has not experienced significant credit losses on its receivables. The Company’s sales to Six One Commodities LLC accounted for 10 % and 12 % of total sales for the years ended December 31, 2021 and 2022, respectively. No customer accounted for more than 10% of the Company’s sales for the year ended December 31, 2023. </context> | us-gaap:ConcentrationRiskPercentage1 |
Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. </context> | us-gaap:AdditionalPaidInCapital |
Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. </context> | us-gaap:LongTermDebtNoncurrent |
Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. </context> | us-gaap:DeferredIncomeTaxLiabilitiesNet |
Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. </context> | us-gaap:RetainedEarningsAccumulatedDeficit |
Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. | text | 4.9 | percentItemType | text: <entity> 4.9 </entity> <entity type> percentItemType </entity type> <context> Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. | text | 15.3 | percentItemType | text: <entity> 15.3 </entity> <entity type> percentItemType </entity type> <context> Upon adoption of this new standard, the Company reclassified $ 24 million, net of deferred income taxes and equity issuance costs, from additional paid-in capital and increased long-term debt by $ 27 million, reduced deferred income tax liability by $ 6 million and reduced accumulated deficit by $ 3 million as of January 1, 2022. Additionally, annual interest expense for the 2026 Convertible Notes beginning January 1, 2022 is based on an effective interest rate of 4.9 % as compared to 15.3 % for the year ended December 31, 2021. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
Under the Company’s sales contracts, the Company invoices customers after its performance obligations have been satisfied, at which point payment is unconditional. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. As of December 31, 2022 and 2023, the Company’s receivables from contracts with customers were $ 708 million and $ 401 million, respectively. | text | 708 | monetaryItemType | text: <entity> 708 </entity> <entity type> monetaryItemType </entity type> <context> Under the Company’s sales contracts, the Company invoices customers after its performance obligations have been satisfied, at which point payment is unconditional. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. As of December 31, 2022 and 2023, the Company’s receivables from contracts with customers were $ 708 million and $ 401 million, respectively. </context> | us-gaap:ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent |
Under the Company’s sales contracts, the Company invoices customers after its performance obligations have been satisfied, at which point payment is unconditional. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. As of December 31, 2022 and 2023, the Company’s receivables from contracts with customers were $ 708 million and $ 401 million, respectively. | text | 401 | monetaryItemType | text: <entity> 401 </entity> <entity type> monetaryItemType </entity type> <context> Under the Company’s sales contracts, the Company invoices customers after its performance obligations have been satisfied, at which point payment is unconditional. Accordingly, the Company’s contracts do not give rise to contract assets or liabilities. As of December 31, 2022 and 2023, the Company’s receivables from contracts with customers were $ 708 million and $ 401 million, respectively. </context> | us-gaap:ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent |
As of December 31, 2022 and 2023, Antero owned 29.1 % and 29.0 %, respectively, of Antero Midstream’s common stock, which is reflected in Antero’s consolidated financial statements using the equity method of accounting. | text | 29.1 | percentItemType | text: <entity> 29.1 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2022 and 2023, Antero owned 29.1 % and 29.0 %, respectively, of Antero Midstream’s common stock, which is reflected in Antero’s consolidated financial statements using the equity method of accounting. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
As of December 31, 2022 and 2023, Antero owned 29.1 % and 29.0 %, respectively, of Antero Midstream’s common stock, which is reflected in Antero’s consolidated financial statements using the equity method of accounting. | text | 29.0 | percentItemType | text: <entity> 29.0 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2022 and 2023, Antero owned 29.1 % and 29.0 %, respectively, of Antero Midstream’s common stock, which is reflected in Antero’s consolidated financial statements using the equity method of accounting. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Antero Resources has a senior secured revolving credit facility with a consortium of bank lenders. On October 26, 2021, Antero Resources entered into an amended and restated Credit Facility . Borrowings under the Credit Facility are subject to borrowing base limitations based on the collateral value of Antero Resources’ assets and are subject to regular semi-annual redeterminations. As of December 31, 2022 and 2023, the Credit Facility had a borrowing base of $ 3.5 billion with lender commitments of $ 1.5 billion and $ 1.6 billion, respectively. The borrowing base was re-affirmed in the semi-annual redetermination in October 2023 and the next redetermination of the borrowing base is scheduled to occur in April 2024. The maturity date of the Credit Facility is the earlier of (i) October 26, 2026 and (ii) the date that is 180 days prior to the earliest stated redemption date of any series of the Company’s then outstanding Senior Notes . As of December 31, 2023, the Credit Facility had an available borrowing capacity of $ 692 million. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> Antero Resources has a senior secured revolving credit facility with a consortium of bank lenders. On October 26, 2021, Antero Resources entered into an amended and restated Credit Facility . Borrowings under the Credit Facility are subject to borrowing base limitations based on the collateral value of Antero Resources’ assets and are subject to regular semi-annual redeterminations. As of December 31, 2022 and 2023, the Credit Facility had a borrowing base of $ 3.5 billion with lender commitments of $ 1.5 billion and $ 1.6 billion, respectively. The borrowing base was re-affirmed in the semi-annual redetermination in October 2023 and the next redetermination of the borrowing base is scheduled to occur in April 2024. The maturity date of the Credit Facility is the earlier of (i) October 26, 2026 and (ii) the date that is 180 days prior to the earliest stated redemption date of any series of the Company’s then outstanding Senior Notes . As of December 31, 2023, the Credit Facility had an available borrowing capacity of $ 692 million. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
Antero Resources has a senior secured revolving credit facility with a consortium of bank lenders. On October 26, 2021, Antero Resources entered into an amended and restated Credit Facility . Borrowings under the Credit Facility are subject to borrowing base limitations based on the collateral value of Antero Resources’ assets and are subject to regular semi-annual redeterminations. As of December 31, 2022 and 2023, the Credit Facility had a borrowing base of $ 3.5 billion with lender commitments of $ 1.5 billion and $ 1.6 billion, respectively. The borrowing base was re-affirmed in the semi-annual redetermination in October 2023 and the next redetermination of the borrowing base is scheduled to occur in April 2024. The maturity date of the Credit Facility is the earlier of (i) October 26, 2026 and (ii) the date that is 180 days prior to the earliest stated redemption date of any series of the Company’s then outstanding Senior Notes . As of December 31, 2023, the Credit Facility had an available borrowing capacity of $ 692 million. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> Antero Resources has a senior secured revolving credit facility with a consortium of bank lenders. On October 26, 2021, Antero Resources entered into an amended and restated Credit Facility . Borrowings under the Credit Facility are subject to borrowing base limitations based on the collateral value of Antero Resources’ assets and are subject to regular semi-annual redeterminations. As of December 31, 2022 and 2023, the Credit Facility had a borrowing base of $ 3.5 billion with lender commitments of $ 1.5 billion and $ 1.6 billion, respectively. The borrowing base was re-affirmed in the semi-annual redetermination in October 2023 and the next redetermination of the borrowing base is scheduled to occur in April 2024. The maturity date of the Credit Facility is the earlier of (i) October 26, 2026 and (ii) the date that is 180 days prior to the earliest stated redemption date of any series of the Company’s then outstanding Senior Notes . As of December 31, 2023, the Credit Facility had an available borrowing capacity of $ 692 million. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
Antero Resources has a senior secured revolving credit facility with a consortium of bank lenders. On October 26, 2021, Antero Resources entered into an amended and restated Credit Facility . Borrowings under the Credit Facility are subject to borrowing base limitations based on the collateral value of Antero Resources’ assets and are subject to regular semi-annual redeterminations. As of December 31, 2022 and 2023, the Credit Facility had a borrowing base of $ 3.5 billion with lender commitments of $ 1.5 billion and $ 1.6 billion, respectively. The borrowing base was re-affirmed in the semi-annual redetermination in October 2023 and the next redetermination of the borrowing base is scheduled to occur in April 2024. The maturity date of the Credit Facility is the earlier of (i) October 26, 2026 and (ii) the date that is 180 days prior to the earliest stated redemption date of any series of the Company’s then outstanding Senior Notes . As of December 31, 2023, the Credit Facility had an available borrowing capacity of $ 692 million. | text | 692 | monetaryItemType | text: <entity> 692 </entity> <entity type> monetaryItemType </entity type> <context> Antero Resources has a senior secured revolving credit facility with a consortium of bank lenders. On October 26, 2021, Antero Resources entered into an amended and restated Credit Facility . Borrowings under the Credit Facility are subject to borrowing base limitations based on the collateral value of Antero Resources’ assets and are subject to regular semi-annual redeterminations. As of December 31, 2022 and 2023, the Credit Facility had a borrowing base of $ 3.5 billion with lender commitments of $ 1.5 billion and $ 1.6 billion, respectively. The borrowing base was re-affirmed in the semi-annual redetermination in October 2023 and the next redetermination of the borrowing base is scheduled to occur in April 2024. The maturity date of the Credit Facility is the earlier of (i) October 26, 2026 and (ii) the date that is 180 days prior to the earliest stated redemption date of any series of the Company’s then outstanding Senior Notes . As of December 31, 2023, the Credit Facility had an available borrowing capacity of $ 692 million. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
reference to the Antero Resources’ then-current leverage ratio subject to certain exceptions. Commitment fees on the unused portion of the Credit Facility are due quarterly at rates ranging from 0.375 % to 0.500 % with respect to the Credit Facility, determined with reference to borrowing base utilization subject to certain exceptions based on the leverage ratio then in effect. The Credit Facility includes fall away covenants, lower interest rates and reduced collateral requirements that Antero Resources may elect if Antero Resources is assigned an Investment Grade Rating (as defined in the Credit Facility). | text | 0.375 | percentItemType | text: <entity> 0.375 </entity> <entity type> percentItemType </entity type> <context> reference to the Antero Resources’ then-current leverage ratio subject to certain exceptions. Commitment fees on the unused portion of the Credit Facility are due quarterly at rates ranging from 0.375 % to 0.500 % with respect to the Credit Facility, determined with reference to borrowing base utilization subject to certain exceptions based on the leverage ratio then in effect. The Credit Facility includes fall away covenants, lower interest rates and reduced collateral requirements that Antero Resources may elect if Antero Resources is assigned an Investment Grade Rating (as defined in the Credit Facility). </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
reference to the Antero Resources’ then-current leverage ratio subject to certain exceptions. Commitment fees on the unused portion of the Credit Facility are due quarterly at rates ranging from 0.375 % to 0.500 % with respect to the Credit Facility, determined with reference to borrowing base utilization subject to certain exceptions based on the leverage ratio then in effect. The Credit Facility includes fall away covenants, lower interest rates and reduced collateral requirements that Antero Resources may elect if Antero Resources is assigned an Investment Grade Rating (as defined in the Credit Facility). | text | 0.500 | percentItemType | text: <entity> 0.500 </entity> <entity type> percentItemType </entity type> <context> reference to the Antero Resources’ then-current leverage ratio subject to certain exceptions. Commitment fees on the unused portion of the Credit Facility are due quarterly at rates ranging from 0.375 % to 0.500 % with respect to the Credit Facility, determined with reference to borrowing base utilization subject to certain exceptions based on the leverage ratio then in effect. The Credit Facility includes fall away covenants, lower interest rates and reduced collateral requirements that Antero Resources may elect if Antero Resources is assigned an Investment Grade Rating (as defined in the Credit Facility). </context> | us-gaap:LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage |
As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. </context> | us-gaap:LongTermLineOfCredit |
As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. | text | 6.42 | percentItemType | text: <entity> 6.42 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. </context> | us-gaap:LongtermDebtWeightedAverageInterestRate |
As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. | text | 504 | monetaryItemType | text: <entity> 504 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. </context> | us-gaap:LettersOfCreditOutstandingAmount |
As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. | text | 417 | monetaryItemType | text: <entity> 417 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. </context> | us-gaap:LongTermLineOfCredit |
As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. | text | 7.71 | percentItemType | text: <entity> 7.71 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. </context> | us-gaap:LongtermDebtWeightedAverageInterestRate |
As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. | text | 501 | monetaryItemType | text: <entity> 501 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2022, Antero Resources had an outstanding balance under the Credit Facility of $ 35 million, with a weighted average interest rate of 6.42 %, and outstanding letters of credit of $ 504 million. As of December 31, 2023, Antero Resources had an outstanding balance under the Credit Facility of $ 417 million, with a weighted average interest rate of 7.71 %, and outstanding letters of credit of $ 501 million. </context> | us-gaap:LettersOfCreditOutstandingAmount |
On May 6, 2014, Antero Resources issued $ 600 million of 5.125 % senior notes due December 1, 2022 (the “2022 Notes”) at par . On September 18, 2014, Antero Resources issued an additional $ 500 million of the 2022 Notes at 100.5 % of par. The Company repurchased or otherwise fully redeemed all of the 2022 Notes between 2019 and the first quarter of 2021, and the 2022 Notes were fully retired as of February 10, 2021. Interest on the 2022 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> On May 6, 2014, Antero Resources issued $ 600 million of 5.125 % senior notes due December 1, 2022 (the “2022 Notes”) at par . On September 18, 2014, Antero Resources issued an additional $ 500 million of the 2022 Notes at 100.5 % of par. The Company repurchased or otherwise fully redeemed all of the 2022 Notes between 2019 and the first quarter of 2021, and the 2022 Notes were fully retired as of February 10, 2021. Interest on the 2022 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information. </context> | us-gaap:DebtInstrumentCarryingAmount |
On May 6, 2014, Antero Resources issued $ 600 million of 5.125 % senior notes due December 1, 2022 (the “2022 Notes”) at par . On September 18, 2014, Antero Resources issued an additional $ 500 million of the 2022 Notes at 100.5 % of par. The Company repurchased or otherwise fully redeemed all of the 2022 Notes between 2019 and the first quarter of 2021, and the 2022 Notes were fully retired as of February 10, 2021. Interest on the 2022 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information. | text | 5.125 | percentItemType | text: <entity> 5.125 </entity> <entity type> percentItemType </entity type> <context> On May 6, 2014, Antero Resources issued $ 600 million of 5.125 % senior notes due December 1, 2022 (the “2022 Notes”) at par . On September 18, 2014, Antero Resources issued an additional $ 500 million of the 2022 Notes at 100.5 % of par. The Company repurchased or otherwise fully redeemed all of the 2022 Notes between 2019 and the first quarter of 2021, and the 2022 Notes were fully retired as of February 10, 2021. Interest on the 2022 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On May 6, 2014, Antero Resources issued $ 600 million of 5.125 % senior notes due December 1, 2022 (the “2022 Notes”) at par . On September 18, 2014, Antero Resources issued an additional $ 500 million of the 2022 Notes at 100.5 % of par. The Company repurchased or otherwise fully redeemed all of the 2022 Notes between 2019 and the first quarter of 2021, and the 2022 Notes were fully retired as of February 10, 2021. Interest on the 2022 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On May 6, 2014, Antero Resources issued $ 600 million of 5.125 % senior notes due December 1, 2022 (the “2022 Notes”) at par . On September 18, 2014, Antero Resources issued an additional $ 500 million of the 2022 Notes at 100.5 % of par. The Company repurchased or otherwise fully redeemed all of the 2022 Notes between 2019 and the first quarter of 2021, and the 2022 Notes were fully retired as of February 10, 2021. Interest on the 2022 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information. </context> | us-gaap:DebtInstrumentFaceAmount |
On March 17, 2015, Antero Resources issued $ 750 million of 5.625 % senior notes due June 1, 2023 (the “2023 Notes”) at par . The Company repurchased or otherwise fully redeemed all of the 2023 Notes between 2020 and the second quarter of 2021, and the 2023 Notes were fully retired as of June 1, 2021 . Interest on the 2023 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information . | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> On March 17, 2015, Antero Resources issued $ 750 million of 5.625 % senior notes due June 1, 2023 (the “2023 Notes”) at par . The Company repurchased or otherwise fully redeemed all of the 2023 Notes between 2020 and the second quarter of 2021, and the 2023 Notes were fully retired as of June 1, 2021 . Interest on the 2023 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information . </context> | us-gaap:DebtInstrumentCarryingAmount |
On March 17, 2015, Antero Resources issued $ 750 million of 5.625 % senior notes due June 1, 2023 (the “2023 Notes”) at par . The Company repurchased or otherwise fully redeemed all of the 2023 Notes between 2020 and the second quarter of 2021, and the 2023 Notes were fully retired as of June 1, 2021 . Interest on the 2023 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information . | text | 5.625 | percentItemType | text: <entity> 5.625 </entity> <entity type> percentItemType </entity type> <context> On March 17, 2015, Antero Resources issued $ 750 million of 5.625 % senior notes due June 1, 2023 (the “2023 Notes”) at par . The Company repurchased or otherwise fully redeemed all of the 2023 Notes between 2020 and the second quarter of 2021, and the 2023 Notes were fully retired as of June 1, 2021 . Interest on the 2023 Notes was payable on June 1 and December 1 of each year. See “—Debt Repurchase Program” below for more information . </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On December 21, 2016, Antero Resources issued $ 600 million of 5.00 % senior notes due March 1, 2025 (the “2025 Notes”) at par . The Company repurchased or otherwise redeemed all of the 2025 Notes between 2020 and the first quarter of 2022, and the 2025 Notes were fully retired as of March 1, 2022. Interest on the 2025 Notes was payable on March 1 and September 1 of each year. See “—Debt Repurchase Program” below for more information. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> On December 21, 2016, Antero Resources issued $ 600 million of 5.00 % senior notes due March 1, 2025 (the “2025 Notes”) at par . The Company repurchased or otherwise redeemed all of the 2025 Notes between 2020 and the first quarter of 2022, and the 2025 Notes were fully retired as of March 1, 2022. Interest on the 2025 Notes was payable on March 1 and September 1 of each year. See “—Debt Repurchase Program” below for more information. </context> | us-gaap:DebtInstrumentCarryingAmount |
On December 21, 2016, Antero Resources issued $ 600 million of 5.00 % senior notes due March 1, 2025 (the “2025 Notes”) at par . The Company repurchased or otherwise redeemed all of the 2025 Notes between 2020 and the first quarter of 2022, and the 2025 Notes were fully retired as of March 1, 2022. Interest on the 2025 Notes was payable on March 1 and September 1 of each year. See “—Debt Repurchase Program” below for more information. | text | 5.00 | percentItemType | text: <entity> 5.00 </entity> <entity type> percentItemType </entity type> <context> On December 21, 2016, Antero Resources issued $ 600 million of 5.00 % senior notes due March 1, 2025 (the “2025 Notes”) at par . The Company repurchased or otherwise redeemed all of the 2025 Notes between 2020 and the first quarter of 2022, and the 2025 Notes were fully retired as of March 1, 2022. Interest on the 2025 Notes was payable on March 1 and September 1 of each year. See “—Debt Repurchase Program” below for more information. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
On January 4, 2021, Antero Resources issued $ 500 million of 8.375 % senior notes due July 15, 2026 (the “2026 Notes”) at par . The Company redeemed $ 175 million principal amount of the 2026 Notes on July 1, 2021 and redeemed or otherwise repurchased $ 228 million principal amount of the 2026 Notes during the year ended December 31, 2022, and as of December 31, 2023, $ 97 million principal amount of the 2026 Notes remained outstanding. See “—Debt Repurchase Program” below for more information. The 2026 Notes are unsecured and effectively subordinated to the Credit Facility to the extent of the value of the collateral securing the Credit Facility. The 2026 Notes rank pari passu to Antero Resources’ other outstanding Senior Notes. The 2026 Notes are guaranteed on a full and unconditional and joint and several senior unsecured basis by Antero Resources’ existing subsidiaries that guarantee the Credit Facility and certain of its future restricted subsidiaries. Interest on the 2026 Notes is payable on January 15 and July 15 of each year. Antero Resources may redeem all or part of the 2026 Notes at any time on or after January 15, 2024 at redemption prices ranging from 104.188 % on or after January 15, 2024 to 100.00 % on or after January 15, 2026. At any time prior to January 15, 2024, Antero Resources may also redeem the 2026 Notes, in whole or in part, at a price equal to 100 % of the principal amount of the 2026 Notes plus a “make-whole” premium and accrued and unpaid interest. If Antero Resources undergoes a change of control followed by a rating decline, the holders of the 2026 Notes will have the right to require Antero Resources to repurchase all or a portion of the notes at a price equal to 101 % of the principal amount of the 2026 Notes, plus accrued and unpaid interest. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On January 4, 2021, Antero Resources issued $ 500 million of 8.375 % senior notes due July 15, 2026 (the “2026 Notes”) at par . The Company redeemed $ 175 million principal amount of the 2026 Notes on July 1, 2021 and redeemed or otherwise repurchased $ 228 million principal amount of the 2026 Notes during the year ended December 31, 2022, and as of December 31, 2023, $ 97 million principal amount of the 2026 Notes remained outstanding. See “—Debt Repurchase Program” below for more information. The 2026 Notes are unsecured and effectively subordinated to the Credit Facility to the extent of the value of the collateral securing the Credit Facility. The 2026 Notes rank pari passu to Antero Resources’ other outstanding Senior Notes. The 2026 Notes are guaranteed on a full and unconditional and joint and several senior unsecured basis by Antero Resources’ existing subsidiaries that guarantee the Credit Facility and certain of its future restricted subsidiaries. Interest on the 2026 Notes is payable on January 15 and July 15 of each year. Antero Resources may redeem all or part of the 2026 Notes at any time on or after January 15, 2024 at redemption prices ranging from 104.188 % on or after January 15, 2024 to 100.00 % on or after January 15, 2026. At any time prior to January 15, 2024, Antero Resources may also redeem the 2026 Notes, in whole or in part, at a price equal to 100 % of the principal amount of the 2026 Notes plus a “make-whole” premium and accrued and unpaid interest. If Antero Resources undergoes a change of control followed by a rating decline, the holders of the 2026 Notes will have the right to require Antero Resources to repurchase all or a portion of the notes at a price equal to 101 % of the principal amount of the 2026 Notes, plus accrued and unpaid interest. </context> | us-gaap:DebtInstrumentCarryingAmount |
On January 4, 2021, Antero Resources issued $ 500 million of 8.375 % senior notes due July 15, 2026 (the “2026 Notes”) at par . The Company redeemed $ 175 million principal amount of the 2026 Notes on July 1, 2021 and redeemed or otherwise repurchased $ 228 million principal amount of the 2026 Notes during the year ended December 31, 2022, and as of December 31, 2023, $ 97 million principal amount of the 2026 Notes remained outstanding. See “—Debt Repurchase Program” below for more information. The 2026 Notes are unsecured and effectively subordinated to the Credit Facility to the extent of the value of the collateral securing the Credit Facility. The 2026 Notes rank pari passu to Antero Resources’ other outstanding Senior Notes. The 2026 Notes are guaranteed on a full and unconditional and joint and several senior unsecured basis by Antero Resources’ existing subsidiaries that guarantee the Credit Facility and certain of its future restricted subsidiaries. Interest on the 2026 Notes is payable on January 15 and July 15 of each year. Antero Resources may redeem all or part of the 2026 Notes at any time on or after January 15, 2024 at redemption prices ranging from 104.188 % on or after January 15, 2024 to 100.00 % on or after January 15, 2026. At any time prior to January 15, 2024, Antero Resources may also redeem the 2026 Notes, in whole or in part, at a price equal to 100 % of the principal amount of the 2026 Notes plus a “make-whole” premium and accrued and unpaid interest. If Antero Resources undergoes a change of control followed by a rating decline, the holders of the 2026 Notes will have the right to require Antero Resources to repurchase all or a portion of the notes at a price equal to 101 % of the principal amount of the 2026 Notes, plus accrued and unpaid interest. | text | 8.375 | percentItemType | text: <entity> 8.375 </entity> <entity type> percentItemType </entity type> <context> On January 4, 2021, Antero Resources issued $ 500 million of 8.375 % senior notes due July 15, 2026 (the “2026 Notes”) at par . The Company redeemed $ 175 million principal amount of the 2026 Notes on July 1, 2021 and redeemed or otherwise repurchased $ 228 million principal amount of the 2026 Notes during the year ended December 31, 2022, and as of December 31, 2023, $ 97 million principal amount of the 2026 Notes remained outstanding. See “—Debt Repurchase Program” below for more information. The 2026 Notes are unsecured and effectively subordinated to the Credit Facility to the extent of the value of the collateral securing the Credit Facility. The 2026 Notes rank pari passu to Antero Resources’ other outstanding Senior Notes. The 2026 Notes are guaranteed on a full and unconditional and joint and several senior unsecured basis by Antero Resources’ existing subsidiaries that guarantee the Credit Facility and certain of its future restricted subsidiaries. Interest on the 2026 Notes is payable on January 15 and July 15 of each year. Antero Resources may redeem all or part of the 2026 Notes at any time on or after January 15, 2024 at redemption prices ranging from 104.188 % on or after January 15, 2024 to 100.00 % on or after January 15, 2026. At any time prior to January 15, 2024, Antero Resources may also redeem the 2026 Notes, in whole or in part, at a price equal to 100 % of the principal amount of the 2026 Notes plus a “make-whole” premium and accrued and unpaid interest. If Antero Resources undergoes a change of control followed by a rating decline, the holders of the 2026 Notes will have the right to require Antero Resources to repurchase all or a portion of the notes at a price equal to 101 % of the principal amount of the 2026 Notes, plus accrued and unpaid interest. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.