Debt (Details) - Amended 2017 Margin Loan Agreement shares in Millions, $ in Millions |
12 Months Ended | ||||
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Aug. 19, 2019
USD ($)
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Mar. 21, 2016
loan
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Oct. 30, 2014
loan
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Dec. 31, 2019
USD ($)
shares
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Dec. 31, 2018
USD ($)
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Charter | |||||
Debt disclosures | |||||
Number of common shares pledged as collateral | shares | 6.8 | ||||
Value of pledged collateral | $ 3,300 | ||||
SPV | |||||
Debt disclosures | |||||
Number of debt agreements | loan | 2 | 2 | |||
Maximum borrowing capacity | $ 1,000 | ||||
Additional allowed borrowing capacity | $ 1,000 | ||||
Long-term Debt, Gross | 575 | $ 525 | |||
Remaining borrowing capacity | $ 425 | ||||
Percentage of fixed portion of interest rate | 0.50% | ||||
Debt Instrument, Interest Rate, Effective Percentage | 3.40% | ||||
SPV | Three-month LIBOR | |||||
Debt disclosures | |||||
Interest rate basis | three-month LIBOR | ||||
Basis spread on variable rate | 1.50% | ||||
SPV | Federal Funds Rate | |||||
Debt disclosures | |||||
Interest rate basis | federal funds rate | ||||
Basis spread on variable rate | 0.50% | ||||
SPV | LIBOR | |||||
Debt disclosures | |||||
Interest rate basis | LIBOR | ||||
Basis spread on variable rate | 1.00% | 1.50% |
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- Definition Line of credit facility, additional allowed borrowing capacity upon increase, subject to lender approval. No definition available.
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- Definition The fixed portion percentage in the calculation of interest rate under margin loan arrangement. No definition available.
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- Definition The number of common shares owned and pledged as collateral. No definition available.
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- Definition Represents the number of debt agreement the entity is repaying. No definition available.
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of financial instrument held by the entity for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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