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PPL relies on dividends or loans from its subsidiaries to fund PPL's dividends to its common shareholders. The net assets of certain PPL subsidiaries are subject to legal restrictions. LG&E, KU, PPL Electric and RIE are subject to Section 305(a) of the Federal Power Act, which makes it unlawful for a public utility to make or pay a dividend from any funds "properly included in capital account." The meaning of this limitation has never been clarified under the Federal Power Act. LG&E, KU, PPL Electric and RIE believe, however, that this statutory restriction, as applied to their circumstances, would not be construed or applied by the FERC to prohibit the payment from retained earnings of dividends that are not excessive and are for lawful and legitimate business purposes. In February 2012, LG&E and KU petitioned the FERC requesting authorization to pay dividends in the future based on retained earnings balances calculated without giving effect to the impact of purchase accounting adjustments for PPL's 2010 acquisition of LG&E and KU. In May 2012, the FERC approved the petitions with the further condition that each utility may not pay dividends if such payment would cause its adjusted equity ratio to fall below 30 % of total capitalization. Accordingly, at December 31, 2024, net assets of $ 1.5 billion for LG&E and $ 2.0 billion for KU were restricted for purposes of paying dividends to LKE, and net assets of $ 1.8 billion for LG&E and $ 2.3 billion for KU were available for payment of dividends to LKE. LG&E and KU believe they will not be required to change their current dividend practices as a result of the foregoing requirement. In addition, under Virginia law, KU is prohibited from making loans to affiliates without the prior approval of the VSCC. There are no comparable statutes under Kentucky law applicable to LG&E and KU, or under Pennsylvania law applicable to PPL Electric. However, orders from the KPSC require LG&E and KU to obtain prior consent or approval before lending amounts to PPL. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> PPL relies on dividends or loans from its subsidiaries to fund PPL's dividends to its common shareholders. The net assets of certain PPL subsidiaries are subject to legal restrictions. LG&E, KU, PPL Electric and RIE are subject to Section 305(a) of the Federal Power Act, which makes it unlawful for a public utility to make or pay a dividend from any funds "properly included in capital account." The meaning of this limitation has never been clarified under the Federal Power Act. LG&E, KU, PPL Electric and RIE believe, however, that this statutory restriction, as applied to their circumstances, would not be construed or applied by the FERC to prohibit the payment from retained earnings of dividends that are not excessive and are for lawful and legitimate business purposes. In February 2012, LG&E and KU petitioned the FERC requesting authorization to pay dividends in the future based on retained earnings balances calculated without giving effect to the impact of purchase accounting adjustments for PPL's 2010 acquisition of LG&E and KU. In May 2012, the FERC approved the petitions with the further condition that each utility may not pay dividends if such payment would cause its adjusted equity ratio to fall below 30 % of total capitalization. Accordingly, at December 31, 2024, net assets of $ 1.5 billion for LG&E and $ 2.0 billion for KU were restricted for purposes of paying dividends to LKE, and net assets of $ 1.8 billion for LG&E and $ 2.3 billion for KU were available for payment of dividends to LKE. LG&E and KU believe they will not be required to change their current dividend practices as a result of the foregoing requirement. In addition, under Virginia law, KU is prohibited from making loans to affiliates without the prior approval of the VSCC. There are no comparable statutes under Kentucky law applicable to LG&E and KU, or under Pennsylvania law applicable to PPL Electric. However, orders from the KPSC require LG&E and KU to obtain prior consent or approval before lending amounts to PPL. </context> | us-gaap:AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries |
PPL relies on dividends or loans from its subsidiaries to fund PPL's dividends to its common shareholders. The net assets of certain PPL subsidiaries are subject to legal restrictions. LG&E, KU, PPL Electric and RIE are subject to Section 305(a) of the Federal Power Act, which makes it unlawful for a public utility to make or pay a dividend from any funds "properly included in capital account." The meaning of this limitation has never been clarified under the Federal Power Act. LG&E, KU, PPL Electric and RIE believe, however, that this statutory restriction, as applied to their circumstances, would not be construed or applied by the FERC to prohibit the payment from retained earnings of dividends that are not excessive and are for lawful and legitimate business purposes. In February 2012, LG&E and KU petitioned the FERC requesting authorization to pay dividends in the future based on retained earnings balances calculated without giving effect to the impact of purchase accounting adjustments for PPL's 2010 acquisition of LG&E and KU. In May 2012, the FERC approved the petitions with the further condition that each utility may not pay dividends if such payment would cause its adjusted equity ratio to fall below 30 % of total capitalization. Accordingly, at December 31, 2024, net assets of $ 1.5 billion for LG&E and $ 2.0 billion for KU were restricted for purposes of paying dividends to LKE, and net assets of $ 1.8 billion for LG&E and $ 2.3 billion for KU were available for payment of dividends to LKE. LG&E and KU believe they will not be required to change their current dividend practices as a result of the foregoing requirement. In addition, under Virginia law, KU is prohibited from making loans to affiliates without the prior approval of the VSCC. There are no comparable statutes under Kentucky law applicable to LG&E and KU, or under Pennsylvania law applicable to PPL Electric. However, orders from the KPSC require LG&E and KU to obtain prior consent or approval before lending amounts to PPL. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> PPL relies on dividends or loans from its subsidiaries to fund PPL's dividends to its common shareholders. The net assets of certain PPL subsidiaries are subject to legal restrictions. LG&E, KU, PPL Electric and RIE are subject to Section 305(a) of the Federal Power Act, which makes it unlawful for a public utility to make or pay a dividend from any funds "properly included in capital account." The meaning of this limitation has never been clarified under the Federal Power Act. LG&E, KU, PPL Electric and RIE believe, however, that this statutory restriction, as applied to their circumstances, would not be construed or applied by the FERC to prohibit the payment from retained earnings of dividends that are not excessive and are for lawful and legitimate business purposes. In February 2012, LG&E and KU petitioned the FERC requesting authorization to pay dividends in the future based on retained earnings balances calculated without giving effect to the impact of purchase accounting adjustments for PPL's 2010 acquisition of LG&E and KU. In May 2012, the FERC approved the petitions with the further condition that each utility may not pay dividends if such payment would cause its adjusted equity ratio to fall below 30 % of total capitalization. Accordingly, at December 31, 2024, net assets of $ 1.5 billion for LG&E and $ 2.0 billion for KU were restricted for purposes of paying dividends to LKE, and net assets of $ 1.8 billion for LG&E and $ 2.3 billion for KU were available for payment of dividends to LKE. LG&E and KU believe they will not be required to change their current dividend practices as a result of the foregoing requirement. In addition, under Virginia law, KU is prohibited from making loans to affiliates without the prior approval of the VSCC. There are no comparable statutes under Kentucky law applicable to LG&E and KU, or under Pennsylvania law applicable to PPL Electric. However, orders from the KPSC require LG&E and KU to obtain prior consent or approval before lending amounts to PPL. </context> | us-gaap:AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries |
The consideration for the Acquisition consisted of approximately $ 3.8 billion in cash and approximately $ 1.5 billion of long-term debt assumed through the transaction. The fair value of the consideration paid for Narragansett Electric was as follows (in billions): | text | 3.8 | monetaryItemType | text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> The consideration for the Acquisition consisted of approximately $ 3.8 billion in cash and approximately $ 1.5 billion of long-term debt assumed through the transaction. The fair value of the consideration paid for Narragansett Electric was as follows (in billions): </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
The consideration for the Acquisition consisted of approximately $ 3.8 billion in cash and approximately $ 1.5 billion of long-term debt assumed through the transaction. The fair value of the consideration paid for Narragansett Electric was as follows (in billions): | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> The consideration for the Acquisition consisted of approximately $ 3.8 billion in cash and approximately $ 1.5 billion of long-term debt assumed through the transaction. The fair value of the consideration paid for Narragansett Electric was as follows (in billions): </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt |
The $ 3.8 billion total cash consideration paid was funded with proceeds from PPL's 2021 sale of its U.K. utility business. | text | 3.8 | monetaryItemType | text: <entity> 3.8 </entity> <entity type> monetaryItemType </entity type> <context> The $ 3.8 billion total cash consideration paid was funded with proceeds from PPL's 2021 sale of its U.K. utility business. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
RIE provided a credit to all its electric and natural gas distribution customers in the total amount of $ 50 million ($ 40 million net of tax benefit). Based on the relative number of electric distribution customers and natural gas distribution customers as of November 1, 2022, RIE refunded, in the form of a bill credit, $ 33 million to electric customers and $ 17 million to natural gas customers of amounts collected from customers since the Acquisition date. Each electric customer received the same credit, and each natural gas customer received the same credit. A reduction of revenue and a regulatory liability of $ 50 million for the amounts refunded were recorded during the quarter ended September 30, 2022. These credits were issued during the fourth quarter of 2022. The amounts refunded did not impact RIE's earnings sharing regulatory mechanism. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> RIE provided a credit to all its electric and natural gas distribution customers in the total amount of $ 50 million ($ 40 million net of tax benefit). Based on the relative number of electric distribution customers and natural gas distribution customers as of November 1, 2022, RIE refunded, in the form of a bill credit, $ 33 million to electric customers and $ 17 million to natural gas customers of amounts collected from customers since the Acquisition date. Each electric customer received the same credit, and each natural gas customer received the same credit. A reduction of revenue and a regulatory liability of $ 50 million for the amounts refunded were recorded during the quarter ended September 30, 2022. These credits were issued during the fourth quarter of 2022. The amounts refunded did not impact RIE's earnings sharing regulatory mechanism. </context> | us-gaap:RegulatoryLiabilities |
RIE will forgo potential recovery of any and all transition costs, which includes (1) the installation of certain information technology systems; (2) modification and enhancements to physical facilities in Rhode Island; and (3) incurring costs related to severance payments, communications and branding changes, and other transition related costs. These costs, which are being expensed as incurred, were $ 307 million, $ 262 million, and $ 181 million for the years ended December 31, 2024, 2023, and 2022. | text | 307 | monetaryItemType | text: <entity> 307 </entity> <entity type> monetaryItemType </entity type> <context> RIE will forgo potential recovery of any and all transition costs, which includes (1) the installation of certain information technology systems; (2) modification and enhancements to physical facilities in Rhode Island; and (3) incurring costs related to severance payments, communications and branding changes, and other transition related costs. These costs, which are being expensed as incurred, were $ 307 million, $ 262 million, and $ 181 million for the years ended December 31, 2024, 2023, and 2022. </context> | us-gaap:OtherNonrecurringIncomeExpense |
RIE will forgo potential recovery of any and all transition costs, which includes (1) the installation of certain information technology systems; (2) modification and enhancements to physical facilities in Rhode Island; and (3) incurring costs related to severance payments, communications and branding changes, and other transition related costs. These costs, which are being expensed as incurred, were $ 307 million, $ 262 million, and $ 181 million for the years ended December 31, 2024, 2023, and 2022. | text | 262 | monetaryItemType | text: <entity> 262 </entity> <entity type> monetaryItemType </entity type> <context> RIE will forgo potential recovery of any and all transition costs, which includes (1) the installation of certain information technology systems; (2) modification and enhancements to physical facilities in Rhode Island; and (3) incurring costs related to severance payments, communications and branding changes, and other transition related costs. These costs, which are being expensed as incurred, were $ 307 million, $ 262 million, and $ 181 million for the years ended December 31, 2024, 2023, and 2022. </context> | us-gaap:OtherNonrecurringIncomeExpense |
RIE will forgo potential recovery of any and all transition costs, which includes (1) the installation of certain information technology systems; (2) modification and enhancements to physical facilities in Rhode Island; and (3) incurring costs related to severance payments, communications and branding changes, and other transition related costs. These costs, which are being expensed as incurred, were $ 307 million, $ 262 million, and $ 181 million for the years ended December 31, 2024, 2023, and 2022. | text | 181 | monetaryItemType | text: <entity> 181 </entity> <entity type> monetaryItemType </entity type> <context> RIE will forgo potential recovery of any and all transition costs, which includes (1) the installation of certain information technology systems; (2) modification and enhancements to physical facilities in Rhode Island; and (3) incurring costs related to severance payments, communications and branding changes, and other transition related costs. These costs, which are being expensed as incurred, were $ 307 million, $ 262 million, and $ 181 million for the years ended December 31, 2024, 2023, and 2022. </context> | us-gaap:OtherNonrecurringIncomeExpense |
RIE will not seek to recover any transaction costs related to the Acquisition, which were $ 28 million through December 31, 2024, including an immaterial amount for the years ended December 31, 2024 and 2023, and $ 18 million for the year ended December 31, 2022. These amounts were recorded in "Other operations and maintenance" on the Statement of Income. | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> RIE will not seek to recover any transaction costs related to the Acquisition, which were $ 28 million through December 31, 2024, including an immaterial amount for the years ended December 31, 2024 and 2023, and $ 18 million for the year ended December 31, 2022. These amounts were recorded in "Other operations and maintenance" on the Statement of Income. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsExpensesAndLossesRecognized |
RIE will not seek to recover any transaction costs related to the Acquisition, which were $ 28 million through December 31, 2024, including an immaterial amount for the years ended December 31, 2024 and 2023, and $ 18 million for the year ended December 31, 2022. These amounts were recorded in "Other operations and maintenance" on the Statement of Income. | text | 18 | monetaryItemType | text: <entity> 18 </entity> <entity type> monetaryItemType </entity type> <context> RIE will not seek to recover any transaction costs related to the Acquisition, which were $ 28 million through December 31, 2024, including an immaterial amount for the years ended December 31, 2024 and 2023, and $ 18 million for the year ended December 31, 2022. These amounts were recorded in "Other operations and maintenance" on the Statement of Income. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsExpensesAndLossesRecognized |
RIE will not seek to recover in rates any markup charged by National Grid U.S. and/or its affiliates under the TSA which were $ 10 million, $ 7 million, and $ 3 million for the years ended December 31, 2024, 2023, and 2022. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> RIE will not seek to recover in rates any markup charged by National Grid U.S. and/or its affiliates under the TSA which were $ 10 million, $ 7 million, and $ 3 million for the years ended December 31, 2024, 2023, and 2022. </context> | us-gaap:OtherNonrecurringIncomeExpense |
RIE will not seek to recover in rates any markup charged by National Grid U.S. and/or its affiliates under the TSA which were $ 10 million, $ 7 million, and $ 3 million for the years ended December 31, 2024, 2023, and 2022. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> RIE will not seek to recover in rates any markup charged by National Grid U.S. and/or its affiliates under the TSA which were $ 10 million, $ 7 million, and $ 3 million for the years ended December 31, 2024, 2023, and 2022. </context> | us-gaap:OtherNonrecurringIncomeExpense |
RIE will not seek to recover in rates any markup charged by National Grid U.S. and/or its affiliates under the TSA which were $ 10 million, $ 7 million, and $ 3 million for the years ended December 31, 2024, 2023, and 2022. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> RIE will not seek to recover in rates any markup charged by National Grid U.S. and/or its affiliates under the TSA which were $ 10 million, $ 7 million, and $ 3 million for the years ended December 31, 2024, 2023, and 2022. </context> | us-gaap:OtherNonrecurringIncomeExpense |
RIE will make available up to $ 2.5 million for the Rhode Island Attorney General to utilize as needed in evaluating PPL's report on RIE's specific decarbonization goals to support Rhode Island's 2021 Act on Climate or to assess the future of the gas distribution business in Rhode Island. This amount was accrued during the year ended December 31, 2022 and was recorded in "Other Income (Expense) - net" on the Statement of Income. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> RIE will make available up to $ 2.5 million for the Rhode Island Attorney General to utilize as needed in evaluating PPL's report on RIE's specific decarbonization goals to support Rhode Island's 2021 Act on Climate or to assess the future of the gas distribution business in Rhode Island. This amount was accrued during the year ended December 31, 2022 and was recorded in "Other Income (Expense) - net" on the Statement of Income. </context> | us-gaap:OtherNonrecurringIncomeExpense |
Island Regulated segment includes $ 725 million of acquired legacy goodwill. The remaining excess purchase price of $ 860 million is included in PPL's Corporate and Other category for segment reporting purposes. The goodwill reflects the value paid for the expected continued growth of a rate-regulated business located in a defined service area with a constructive regulatory environment, the ability of PPL to leverage its assembled workforce to take advantage of those growth opportunities and the attractiveness of stable, growing cash flows. The tax goodwill is deductible for income tax purposes over a 15 year period, and as such, deferred taxes will be recorded as the tax deductions are taken. | text | 725 | monetaryItemType | text: <entity> 725 </entity> <entity type> monetaryItemType </entity type> <context> Island Regulated segment includes $ 725 million of acquired legacy goodwill. The remaining excess purchase price of $ 860 million is included in PPL's Corporate and Other category for segment reporting purposes. The goodwill reflects the value paid for the expected continued growth of a rate-regulated business located in a defined service area with a constructive regulatory environment, the ability of PPL to leverage its assembled workforce to take advantage of those growth opportunities and the attractiveness of stable, growing cash flows. The tax goodwill is deductible for income tax purposes over a 15 year period, and as such, deferred taxes will be recorded as the tax deductions are taken. </context> | us-gaap:Goodwill |
The table below shows the allocation of the purchase price to the assets acquired and liabilities assumed that were recorded in PPL’s Consolidated Balance Sheet as of the Acquisition date. The allocation was subject to change during the one-year measurement period as additional information was obtained about the facts and circumstances that existed at closing. Adjustments to certain assets acquired and liabilities assumed during the year ended December 31, 2023 resulted in a decrease in goodwill of $ 1 million since the purchase price allocation as of December 31, 2022. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The table below shows the allocation of the purchase price to the assets acquired and liabilities assumed that were recorded in PPL’s Consolidated Balance Sheet as of the Acquisition date. The allocation was subject to change during the one-year measurement period as additional information was obtained about the facts and circumstances that existed at closing. Adjustments to certain assets acquired and liabilities assumed during the year ended December 31, 2023 resulted in a decrease in goodwill of $ 1 million since the purchase price allocation as of December 31, 2022. </context> | us-gaap:GoodwillPurchaseAccountingAdjustments |
The pro forma financial information presented above has been derived from the historical consolidated financial statements of PPL and Narragansett Electric. Non-recurring items included in the 2022 pro forma financial information include: (a) $ 18 million (pre-tax) of transaction costs related to the Acquisition, primarily for advisory, accounting and legal fees incurred, (b) $ 223 million (pre-tax) of Acquisition integration costs, (c) a $ 50 million reduction of revenue (pre-tax), write-offs of $ 43 million (pre-tax) of certain accounts receivable and regulatory assets of RIE and $ 5 million (pre-tax) of expenses accrued in support of Rhode Island's decarbonization goals, all of which were conditions of the Acquisition, and (d) the income tax effect of these items, which was tax effected at the statutory federal income tax rate of 21%. | text | 223 | monetaryItemType | text: <entity> 223 </entity> <entity type> monetaryItemType </entity type> <context> The pro forma financial information presented above has been derived from the historical consolidated financial statements of PPL and Narragansett Electric. Non-recurring items included in the 2022 pro forma financial information include: (a) $ 18 million (pre-tax) of transaction costs related to the Acquisition, primarily for advisory, accounting and legal fees incurred, (b) $ 223 million (pre-tax) of Acquisition integration costs, (c) a $ 50 million reduction of revenue (pre-tax), write-offs of $ 43 million (pre-tax) of certain accounts receivable and regulatory assets of RIE and $ 5 million (pre-tax) of expenses accrued in support of Rhode Island's decarbonization goals, all of which were conditions of the Acquisition, and (d) the income tax effect of these items, which was tax effected at the statutory federal income tax rate of 21%. </context> | us-gaap:BusinessCombinationIntegrationRelatedCosts |
The pro forma financial information presented above has been derived from the historical consolidated financial statements of PPL and Narragansett Electric. Non-recurring items included in the 2022 pro forma financial information include: (a) $ 18 million (pre-tax) of transaction costs related to the Acquisition, primarily for advisory, accounting and legal fees incurred, (b) $ 223 million (pre-tax) of Acquisition integration costs, (c) a $ 50 million reduction of revenue (pre-tax), write-offs of $ 43 million (pre-tax) of certain accounts receivable and regulatory assets of RIE and $ 5 million (pre-tax) of expenses accrued in support of Rhode Island's decarbonization goals, all of which were conditions of the Acquisition, and (d) the income tax effect of these items, which was tax effected at the statutory federal income tax rate of 21%. | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> The pro forma financial information presented above has been derived from the historical consolidated financial statements of PPL and Narragansett Electric. Non-recurring items included in the 2022 pro forma financial information include: (a) $ 18 million (pre-tax) of transaction costs related to the Acquisition, primarily for advisory, accounting and legal fees incurred, (b) $ 223 million (pre-tax) of Acquisition integration costs, (c) a $ 50 million reduction of revenue (pre-tax), write-offs of $ 43 million (pre-tax) of certain accounts receivable and regulatory assets of RIE and $ 5 million (pre-tax) of expenses accrued in support of Rhode Island's decarbonization goals, all of which were conditions of the Acquisition, and (d) the income tax effect of these items, which was tax effected at the statutory federal income tax rate of 21%. </context> | us-gaap:RegulatoryLiabilities |
Final closing adjustments were completed during the year ended December 31, 2023, resulting in an increase to the loss on sale of $ 6 million ($ 5 million net of tax), which was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2023. A loss on sale of $ 60 million ($ 46 million net of tax benefit) was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2022. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Final closing adjustments were completed during the year ended December 31, 2023, resulting in an increase to the loss on sale of $ 6 million ($ 5 million net of tax), which was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2023. A loss on sale of $ 60 million ($ 46 million net of tax benefit) was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2022. </context> | us-gaap:GainLossOnSaleOfBusiness |
Final closing adjustments were completed during the year ended December 31, 2023, resulting in an increase to the loss on sale of $ 6 million ($ 5 million net of tax), which was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2023. A loss on sale of $ 60 million ($ 46 million net of tax benefit) was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2022. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> Final closing adjustments were completed during the year ended December 31, 2023, resulting in an increase to the loss on sale of $ 6 million ($ 5 million net of tax), which was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2023. A loss on sale of $ 60 million ($ 46 million net of tax benefit) was recorded in "Other operation and maintenance" on the Statements of Income for the year ended December 31, 2022. </context> | us-gaap:GainLossOnSaleOfBusiness |
On June 14, 2021, PPL WPD Limited completed the sale of PPL's U.K. utility business to National Grid Holdings One plc (National Grid U.K.), a subsidiary of National Grid plc. For the year ended December 31, 2022, the operations of the U.K. utility business are included in "Income from Discontinued Operations (net of income taxes)" on the Statements of Income, with the only component being an income tax benefit of $ 42 million. There were no discontinued operations activities for the years ended December 31, 2024 or 2023. | text | 42 | monetaryItemType | text: <entity> 42 </entity> <entity type> monetaryItemType </entity type> <context> On June 14, 2021, PPL WPD Limited completed the sale of PPL's U.K. utility business to National Grid Holdings One plc (National Grid U.K.), a subsidiary of National Grid plc. For the year ended December 31, 2022, the operations of the U.K. utility business are included in "Income from Discontinued Operations (net of income taxes)" on the Statements of Income, with the only component being an income tax benefit of $ 42 million. There were no discontinued operations activities for the years ended December 31, 2024 or 2023. </context> | us-gaap:DiscontinuedOperationTaxEffectOfDiscontinuedOperation |
PPL pays for these benefits from its general assets and expects to make $ 13 million of postretirement benefit plan payments for these employees in 2025. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> PPL pays for these benefits from its general assets and expects to make $ 13 million of postretirement benefit plan payments for these employees in 2025. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
At December 31, 2024 and December 31, 2023, RIE had a recorded liability of $ 98 million and $ 99 million, representing its best estimate of the remaining costs of environmental remediation activities. These undiscounted costs are expected to be incurred over approximately 30 years and to be subject to rate recovery. However, remediation costs for each site may be materially higher than estimated, depending on changing technologies and regulatory standards, selected end uses for each site, and actual environmental conditions encountered. RIE has recovered amounts from certain insurers and potentially responsible parties, and, where appropriate, may seek additional recovery from other insurers and potentially responsible parties, but it is uncertain whether, and to what extent, such efforts will be successful. | text | 98 | monetaryItemType | text: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, RIE had a recorded liability of $ 98 million and $ 99 million, representing its best estimate of the remaining costs of environmental remediation activities. These undiscounted costs are expected to be incurred over approximately 30 years and to be subject to rate recovery. However, remediation costs for each site may be materially higher than estimated, depending on changing technologies and regulatory standards, selected end uses for each site, and actual environmental conditions encountered. RIE has recovered amounts from certain insurers and potentially responsible parties, and, where appropriate, may seek additional recovery from other insurers and potentially responsible parties, but it is uncertain whether, and to what extent, such efforts will be successful. </context> | us-gaap:AccrualForEnvironmentalLossContingenciesGross |
At December 31, 2024 and December 31, 2023, RIE had a recorded liability of $ 98 million and $ 99 million, representing its best estimate of the remaining costs of environmental remediation activities. These undiscounted costs are expected to be incurred over approximately 30 years and to be subject to rate recovery. However, remediation costs for each site may be materially higher than estimated, depending on changing technologies and regulatory standards, selected end uses for each site, and actual environmental conditions encountered. RIE has recovered amounts from certain insurers and potentially responsible parties, and, where appropriate, may seek additional recovery from other insurers and potentially responsible parties, but it is uncertain whether, and to what extent, such efforts will be successful. | text | 99 | monetaryItemType | text: <entity> 99 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and December 31, 2023, RIE had a recorded liability of $ 98 million and $ 99 million, representing its best estimate of the remaining costs of environmental remediation activities. These undiscounted costs are expected to be incurred over approximately 30 years and to be subject to rate recovery. However, remediation costs for each site may be materially higher than estimated, depending on changing technologies and regulatory standards, selected end uses for each site, and actual environmental conditions encountered. RIE has recovered amounts from certain insurers and potentially responsible parties, and, where appropriate, may seek additional recovery from other insurers and potentially responsible parties, but it is uncertain whether, and to what extent, such efforts will be successful. </context> | us-gaap:AccrualForEnvironmentalLossContingenciesGross |
The RIPUC has approved two settlement agreements that provide for rate recovery of qualified remediation costs of certain contaminated sites located in Rhode Island and Massachusetts. Rate-recoverable contributions for electric operations of approximately $ 3 million are added annually to RIE's Environmental Response Fund, established with RIPUC approval in March 2000 to address such costs, along with interest and any recoveries from insurance carriers and other third-parties. In addition, RIE recovers approximately $ 1 million annually for gas operations under a distribution adjustment charge in which the qualified remediation costs are amortized over 10 years. See Note 7 for additional information on RIE's recorded environmental regulatory assets and liabilities. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> The RIPUC has approved two settlement agreements that provide for rate recovery of qualified remediation costs of certain contaminated sites located in Rhode Island and Massachusetts. Rate-recoverable contributions for electric operations of approximately $ 3 million are added annually to RIE's Environmental Response Fund, established with RIPUC approval in March 2000 to address such costs, along with interest and any recoveries from insurance carriers and other third-parties. In addition, RIE recovers approximately $ 1 million annually for gas operations under a distribution adjustment charge in which the qualified remediation costs are amortized over 10 years. See Note 7 for additional information on RIE's recorded environmental regulatory assets and liabilities. </context> | us-gaap:EnvironmentalCostsRecognizedRecoveryCreditedToExpense |
The RIPUC has approved two settlement agreements that provide for rate recovery of qualified remediation costs of certain contaminated sites located in Rhode Island and Massachusetts. Rate-recoverable contributions for electric operations of approximately $ 3 million are added annually to RIE's Environmental Response Fund, established with RIPUC approval in March 2000 to address such costs, along with interest and any recoveries from insurance carriers and other third-parties. In addition, RIE recovers approximately $ 1 million annually for gas operations under a distribution adjustment charge in which the qualified remediation costs are amortized over 10 years. See Note 7 for additional information on RIE's recorded environmental regulatory assets and liabilities. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The RIPUC has approved two settlement agreements that provide for rate recovery of qualified remediation costs of certain contaminated sites located in Rhode Island and Massachusetts. Rate-recoverable contributions for electric operations of approximately $ 3 million are added annually to RIE's Environmental Response Fund, established with RIPUC approval in March 2000 to address such costs, along with interest and any recoveries from insurance carriers and other third-parties. In addition, RIE recovers approximately $ 1 million annually for gas operations under a distribution adjustment charge in which the qualified remediation costs are amortized over 10 years. See Note 7 for additional information on RIE's recorded environmental regulatory assets and liabilities. </context> | us-gaap:EnvironmentalCostsRecognizedRecoveryCreditedToExpense |
RIE enters into derivative contracts that economically hedge natural gas purchases. Realized gains and losses from the derivatives are recoverable through regulated rates, therefore subsequent changes in fair value are included in regulatory assets or liabilities until they are realized as purchased gas. Realized gains and losses are recognized in "Energy Purchases" on the Statements of Income upon settlement of the contracts. See Note 7 for amounts recorded in regulatory assets and regulatory liabilities at December 31, 2024. At December 31, 2024, RIE held contracts with notional volumes of 49 Bcf that range in maturity from 2025 through 2029. | text | 49 | monetaryItemType | text: <entity> 49 </entity> <entity type> monetaryItemType </entity type> <context> RIE enters into derivative contracts that economically hedge natural gas purchases. Realized gains and losses from the derivatives are recoverable through regulated rates, therefore subsequent changes in fair value are included in regulatory assets or liabilities until they are realized as purchased gas. Realized gains and losses are recognized in "Energy Purchases" on the Statements of Income upon settlement of the contracts. See Note 7 for amounts recorded in regulatory assets and regulatory liabilities at December 31, 2024. At December 31, 2024, RIE held contracts with notional volumes of 49 Bcf that range in maturity from 2025 through 2029. </context> | us-gaap:DerivativeNotionalAmount |
At December 31, 2024, derivative contracts in a net liability position that contain credit risk-related contingent features was $ 3 million. The aggregate fair value of additional collateral requirements in the event of a credit downgrade below investment grade was $ 4 million. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, derivative contracts in a net liability position that contain credit risk-related contingent features was $ 3 million. The aggregate fair value of additional collateral requirements in the event of a credit downgrade below investment grade was $ 4 million. </context> | us-gaap:AdditionalCollateralAggregateFairValue |
IQVIA is a leading global provider of clinical research services, commercial insights and healthcare intelligence to the life sciences and healthcare industries. IQVIA’s portfolio of solutions are powered by IQVIA Connected Intelligence™ to deliver actionable insights and services built on high-quality health data, Healthcare-grade AI™, advanced analytics, the latest technologies and extensive domain expertise. We are committed to using artificial intelligence ("AI") responsibly, ensuring that our AI-powered capabilities are grounded in privacy, regulatory compliance, and patient safety. With approximately 88,000 employees in over 100 countries, including experts in healthcare, life sciences, data science, technology and operational excellence, we are dedicated to accelerating the development and commercialization of innovative medical treatments to help improve patient outcomes and population health worldwide. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> IQVIA is a leading global provider of clinical research services, commercial insights and healthcare intelligence to the life sciences and healthcare industries. IQVIA’s portfolio of solutions are powered by IQVIA Connected Intelligence™ to deliver actionable insights and services built on high-quality health data, Healthcare-grade AI™, advanced analytics, the latest technologies and extensive domain expertise. We are committed to using artificial intelligence ("AI") responsibly, ensuring that our AI-powered capabilities are grounded in privacy, regulatory compliance, and patient safety. With approximately 88,000 employees in over 100 countries, including experts in healthcare, life sciences, data science, technology and operational excellence, we are dedicated to accelerating the development and commercialization of innovative medical treatments to help improve patient outcomes and population health worldwide. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
We have a diversified base of over 10,000 clients in over 100 countries and have expanded our client value proposition to address a broader market for research and development and commercial operations which we estimate to be approximately $330 billion in 2024. Through the combined offerings of research and development and commercial services we built a platform that allows us to be a more complete partner to our clients. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> We have a diversified base of over 10,000 clients in over 100 countries and have expanded our client value proposition to address a broader market for research and development and commercial operations which we estimate to be approximately $330 billion in 2024. Through the combined offerings of research and development and commercial services we built a platform that allows us to be a more complete partner to our clients. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
We provide an extensive range of cloud-based applications and associated implementation services. SaaS solutions that support a wide range of commercial and clinical processes, including customer relationship management (“CRM”), performance management, real-world evidence generation, compliance and safety reporting, incentive compensation, territory alignment, roster management, call planning, multi-channel marketing, and master data management. These solutions are used by healthcare companies to manage, optimize and execute their clinical and commercial strategies in an orchestrated manner while addressing their regulatory obligations. Using proprietary algorithms, we combine our country-level data, healthcare expertise and therapeutic knowledge in over 100 countries to create our Global Market Insight family of offerings such as MIDAS, Analytics Link and Disease Insights, which provides a leading source of insight into international market dynamics and are used by most large pharmaceutical companies. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> We provide an extensive range of cloud-based applications and associated implementation services. SaaS solutions that support a wide range of commercial and clinical processes, including customer relationship management (“CRM”), performance management, real-world evidence generation, compliance and safety reporting, incentive compensation, territory alignment, roster management, call planning, multi-channel marketing, and master data management. These solutions are used by healthcare companies to manage, optimize and execute their clinical and commercial strategies in an orchestrated manner while addressing their regulatory obligations. Using proprietary algorithms, we combine our country-level data, healthcare expertise and therapeutic knowledge in over 100 countries to create our Global Market Insight family of offerings such as MIDAS, Analytics Link and Disease Insights, which provides a leading source of insight into international market dynamics and are used by most large pharmaceutical companies. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
. Our national offerings comprise unique services in over 100 countries that provide consistent country level performance metrics related to sales of pharmaceutical products, prescribing trends, medical treatment and promotional activity across multiple channels including retail, hospital and mail order. Our sub-national offerings comprise unique services in over 70 countries that provide a consistent measurement of sales or prescribing activity at the regional, zip code and individual prescriber level (depending on regulation in the relevant country). Our widely used reference database tracks over 25 million healthcare professionals in over 100 countries, providing a comprehensive view of health care practitioners that is critical for the commercial success of our clients’ marketing and sales initiatives. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> . Our national offerings comprise unique services in over 100 countries that provide consistent country level performance metrics related to sales of pharmaceutical products, prescribing trends, medical treatment and promotional activity across multiple channels including retail, hospital and mail order. Our sub-national offerings comprise unique services in over 70 countries that provide a consistent measurement of sales or prescribing activity at the regional, zip code and individual prescriber level (depending on regulation in the relevant country). Our widely used reference database tracks over 25 million healthcare professionals in over 100 countries, providing a comprehensive view of health care practitioners that is critical for the commercial success of our clients’ marketing and sales initiatives. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
Our global workforce operates in over 100 countries and represents approximately 90 different ethnicities. Approximately 62% of our employees globally identify as female and approximately 53% of employees worldwide at a manager level identify as female. In the United States, approximately 39% identify as a minority, including 16% who identify as Asian, 12% who identify as Black or African American, 8% who identify as Hispanic or Latino and 3% who identify as a different minority. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> Our global workforce operates in over 100 countries and represents approximately 90 different ethnicities. Approximately 62% of our employees globally identify as female and approximately 53% of employees worldwide at a manager level identify as female. In the United States, approximately 39% identify as a minority, including 16% who identify as Asian, 12% who identify as Black or African American, 8% who identify as Hispanic or Latino and 3% who identify as a different minority. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
As described in Notes 1 and 20 to the consolidated financial statements, revenue of the Research & Development Solutions segment for the year ended December 31, 2024, is $ 8,527 million, the majority of which relates to service contracts for clinical research that represent a single performance obligation. The Company recognized revenue for these contracts over time using a cost-based input method. Revenue was recognized based on progress on the performance obligation, which was measured by the proportion of actual costs incurred to the total costs expected to complete the contract. Costs included in the measure of progress include direct labor and third-party costs (such as payments to investigators and other reimbursed expenses for the Company’s clinical monitors). This cost-based method of revenue recognition required management to make estimates of costs to complete its projects on an ongoing basis. | text | 8527 | monetaryItemType | text: <entity> 8527 </entity> <entity type> monetaryItemType </entity type> <context> As described in Notes 1 and 20 to the consolidated financial statements, revenue of the Research & Development Solutions segment for the year ended December 31, 2024, is $ 8,527 million, the majority of which relates to service contracts for clinical research that represent a single performance obligation. The Company recognized revenue for these contracts over time using a cost-based input method. Revenue was recognized based on progress on the performance obligation, which was measured by the proportion of actual costs incurred to the total costs expected to complete the contract. Costs included in the measure of progress include direct labor and third-party costs (such as payments to investigators and other reimbursed expenses for the Company’s clinical monitors). This cost-based method of revenue recognition required management to make estimates of costs to complete its projects on an ongoing basis. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
IQVIA Holdings Inc. (together with its subsidiaries, the “Company” or “IQVIA”) is a leading global provider of clinical research services, commercial insights and healthcare intelligence to the life sciences and healthcare industries. IQVIA’s portfolio of solutions are powered by IQVIA Connected Intelligence™ to deliver actionable insights and services built on high-quality health data, Healthcare-grade AI™, advanced analytics, the latest technologies and extensive domain expertise. IQVIA is committed to using AI responsibly, ensuring that its AI-powered capabilities are grounded in privacy, regulatory compliance, and patient safety. With approximately 88,000 employees in over 100 countries, including experts in healthcare, life sciences, data science, technology and operational excellence, IQVIA is dedicated to accelerating the development and commercialization of innovative medical treatments to help improve patient outcomes and population health worldwide. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> IQVIA Holdings Inc. (together with its subsidiaries, the “Company” or “IQVIA”) is a leading global provider of clinical research services, commercial insights and healthcare intelligence to the life sciences and healthcare industries. IQVIA’s portfolio of solutions are powered by IQVIA Connected Intelligence™ to deliver actionable insights and services built on high-quality health data, Healthcare-grade AI™, advanced analytics, the latest technologies and extensive domain expertise. IQVIA is committed to using AI responsibly, ensuring that its AI-powered capabilities are grounded in privacy, regulatory compliance, and patient safety. With approximately 88,000 employees in over 100 countries, including experts in healthcare, life sciences, data science, technology and operational excellence, IQVIA is dedicated to accelerating the development and commercialization of innovative medical treatments to help improve patient outcomes and population health worldwide. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
Included in software and related assets is the capitalized cost of internal-use software used in supporting the Company’s business. Qualifying costs incurred during the application development stage are capitalized and amortized over their estimated useful lives. Costs are capitalized from completion of the preliminary project stage and when it is considered probable that the software will be used to perform its intended function, up until the time the software is placed into service. The Company recognized $ 472 million, $ 475 million and $ 419 million of amortization expense for the years ended December 31, 2024, 2023 and 2022, respectively, related to software and related assets. | text | 472 | monetaryItemType | text: <entity> 472 </entity> <entity type> monetaryItemType </entity type> <context> Included in software and related assets is the capitalized cost of internal-use software used in supporting the Company’s business. Qualifying costs incurred during the application development stage are capitalized and amortized over their estimated useful lives. Costs are capitalized from completion of the preliminary project stage and when it is considered probable that the software will be used to perform its intended function, up until the time the software is placed into service. The Company recognized $ 472 million, $ 475 million and $ 419 million of amortization expense for the years ended December 31, 2024, 2023 and 2022, respectively, related to software and related assets. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Included in software and related assets is the capitalized cost of internal-use software used in supporting the Company’s business. Qualifying costs incurred during the application development stage are capitalized and amortized over their estimated useful lives. Costs are capitalized from completion of the preliminary project stage and when it is considered probable that the software will be used to perform its intended function, up until the time the software is placed into service. The Company recognized $ 472 million, $ 475 million and $ 419 million of amortization expense for the years ended December 31, 2024, 2023 and 2022, respectively, related to software and related assets. | text | 475 | monetaryItemType | text: <entity> 475 </entity> <entity type> monetaryItemType </entity type> <context> Included in software and related assets is the capitalized cost of internal-use software used in supporting the Company’s business. Qualifying costs incurred during the application development stage are capitalized and amortized over their estimated useful lives. Costs are capitalized from completion of the preliminary project stage and when it is considered probable that the software will be used to perform its intended function, up until the time the software is placed into service. The Company recognized $ 472 million, $ 475 million and $ 419 million of amortization expense for the years ended December 31, 2024, 2023 and 2022, respectively, related to software and related assets. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Included in software and related assets is the capitalized cost of internal-use software used in supporting the Company’s business. Qualifying costs incurred during the application development stage are capitalized and amortized over their estimated useful lives. Costs are capitalized from completion of the preliminary project stage and when it is considered probable that the software will be used to perform its intended function, up until the time the software is placed into service. The Company recognized $ 472 million, $ 475 million and $ 419 million of amortization expense for the years ended December 31, 2024, 2023 and 2022, respectively, related to software and related assets. | text | 419 | monetaryItemType | text: <entity> 419 </entity> <entity type> monetaryItemType </entity type> <context> Included in software and related assets is the capitalized cost of internal-use software used in supporting the Company’s business. Qualifying costs incurred during the application development stage are capitalized and amortized over their estimated useful lives. Costs are capitalized from completion of the preliminary project stage and when it is considered probable that the software will be used to perform its intended function, up until the time the software is placed into service. The Company recognized $ 472 million, $ 475 million and $ 419 million of amortization expense for the years ended December 31, 2024, 2023 and 2022, respectively, related to software and related assets. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
When attributing revenues to individual countries based upon where the services are performed, no individual country, except for the United States, accounted for 10% or more of total revenues for the years ended December 31, 2024, 2023 and 2022. For the years ended December 31, 2024, 2023 and 2022, revenues in the United States accounted for approximately 42 %, 45 %, and 42 % of total revenues, respectively, using this revenue attribution approach. | text | 42 | percentItemType | text: <entity> 42 </entity> <entity type> percentItemType </entity type> <context> When attributing revenues to individual countries based upon where the services are performed, no individual country, except for the United States, accounted for 10% or more of total revenues for the years ended December 31, 2024, 2023 and 2022. For the years ended December 31, 2024, 2023 and 2022, revenues in the United States accounted for approximately 42 %, 45 %, and 42 % of total revenues, respectively, using this revenue attribution approach. </context> | us-gaap:ConcentrationRiskPercentage1 |
When attributing revenues to individual countries based upon where the services are performed, no individual country, except for the United States, accounted for 10% or more of total revenues for the years ended December 31, 2024, 2023 and 2022. For the years ended December 31, 2024, 2023 and 2022, revenues in the United States accounted for approximately 42 %, 45 %, and 42 % of total revenues, respectively, using this revenue attribution approach. | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> When attributing revenues to individual countries based upon where the services are performed, no individual country, except for the United States, accounted for 10% or more of total revenues for the years ended December 31, 2024, 2023 and 2022. For the years ended December 31, 2024, 2023 and 2022, revenues in the United States accounted for approximately 42 %, 45 %, and 42 % of total revenues, respectively, using this revenue attribution approach. </context> | us-gaap:ConcentrationRiskPercentage1 |
As of December 31, 2024, approximately $ 33.5 billion of revenues are expected to be recognized in the future from remaining performance obligations. The Company expects to recognize revenues on approximately 30 % of these remaining performance obligations over the next twelve months , on approximately 85% over the next five years, with the balance recognized thereafter. Most of the Company's remaining performance obligations where revenues are expected to be recognized beyond the next twelve months are for service contracts for clinical research in the Company's Research & Development Solutions segment. The customer contract transaction price allocated to the remaining performance obligations differs from backlog in that it does not include wholly unperformed contracts under which the customer has a unilateral right to cancel the arrangement. | text | 33.5 | monetaryItemType | text: <entity> 33.5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, approximately $ 33.5 billion of revenues are expected to be recognized in the future from remaining performance obligations. The Company expects to recognize revenues on approximately 30 % of these remaining performance obligations over the next twelve months , on approximately 85% over the next five years, with the balance recognized thereafter. Most of the Company's remaining performance obligations where revenues are expected to be recognized beyond the next twelve months are for service contracts for clinical research in the Company's Research & Development Solutions segment. The customer contract transaction price allocated to the remaining performance obligations differs from backlog in that it does not include wholly unperformed contracts under which the customer has a unilateral right to cancel the arrangement. </context> | us-gaap:RevenueRemainingPerformanceObligation |
As of December 31, 2024, approximately $ 33.5 billion of revenues are expected to be recognized in the future from remaining performance obligations. The Company expects to recognize revenues on approximately 30 % of these remaining performance obligations over the next twelve months , on approximately 85% over the next five years, with the balance recognized thereafter. Most of the Company's remaining performance obligations where revenues are expected to be recognized beyond the next twelve months are for service contracts for clinical research in the Company's Research & Development Solutions segment. The customer contract transaction price allocated to the remaining performance obligations differs from backlog in that it does not include wholly unperformed contracts under which the customer has a unilateral right to cancel the arrangement. | text | 30 | percentItemType | text: <entity> 30 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, approximately $ 33.5 billion of revenues are expected to be recognized in the future from remaining performance obligations. The Company expects to recognize revenues on approximately 30 % of these remaining performance obligations over the next twelve months , on approximately 85% over the next five years, with the balance recognized thereafter. Most of the Company's remaining performance obligations where revenues are expected to be recognized beyond the next twelve months are for service contracts for clinical research in the Company's Research & Development Solutions segment. The customer contract transaction price allocated to the remaining performance obligations differs from backlog in that it does not include wholly unperformed contracts under which the customer has a unilateral right to cancel the arrangement. </context> | us-gaap:RevenueRemainingPerformanceObligationPercentage |
Unbilled services, which is comprised of approximately 69 % and 68 % of unbilled receivables and 31 % and 32 % of contract assets as of December 31, 2024 and December 31, 2023, respectively, decreased by $ 86 million as compared to December 31, 2023. Contract assets are unbilled services for which invoicing is based on the timing of certain milestones related to service contracts for clinical research whereas unbilled receivables are billable upon the passage of time. Unearned income decreased by $ 20 million over the same period resulting in a decrease of $ 66 million in the net balance of unbilled services and unearned income between December 31, 2024 and 2023. The change in the net balance is driven by the difference in timing of revenue recognition in accordance with ASC 606, Revenue from Contracts with Customers, primarily related to the Company’s Research & Development Solutions contracts (which is based on the percentage of costs incurred) versus the timing of invoicing, which is primarily based on certain milestones. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> Unbilled services, which is comprised of approximately 69 % and 68 % of unbilled receivables and 31 % and 32 % of contract assets as of December 31, 2024 and December 31, 2023, respectively, decreased by $ 86 million as compared to December 31, 2023. Contract assets are unbilled services for which invoicing is based on the timing of certain milestones related to service contracts for clinical research whereas unbilled receivables are billable upon the passage of time. Unearned income decreased by $ 20 million over the same period resulting in a decrease of $ 66 million in the net balance of unbilled services and unearned income between December 31, 2024 and 2023. The change in the net balance is driven by the difference in timing of revenue recognition in accordance with ASC 606, Revenue from Contracts with Customers, primarily related to the Company’s Research & Development Solutions contracts (which is based on the percentage of costs incurred) versus the timing of invoicing, which is primarily based on certain milestones. </context> | us-gaap:IncreaseDecreaseInContractWithCustomerLiability |
On July 19, 2018, the Company entered into forward starting interest rate swaps with a total notional value of $ 500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on June 28, 2019 and the swaps expired on June 28, 2024. The Company paid an average fixed rate of 2.75 % and received a variable rate of interest equal to the three-month Term SOFR on these swaps. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On July 19, 2018, the Company entered into forward starting interest rate swaps with a total notional value of $ 500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on June 28, 2019 and the swaps expired on June 28, 2024. The Company paid an average fixed rate of 2.75 % and received a variable rate of interest equal to the three-month Term SOFR on these swaps. </context> | us-gaap:DerivativeNotionalAmount |
On July 19, 2018, the Company entered into forward starting interest rate swaps with a total notional value of $ 500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on June 28, 2019 and the swaps expired on June 28, 2024. The Company paid an average fixed rate of 2.75 % and received a variable rate of interest equal to the three-month Term SOFR on these swaps. | text | 2.75 | percentItemType | text: <entity> 2.75 </entity> <entity type> percentItemType </entity type> <context> On July 19, 2018, the Company entered into forward starting interest rate swaps with a total notional value of $ 500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on June 28, 2019 and the swaps expired on June 28, 2024. The Company paid an average fixed rate of 2.75 % and received a variable rate of interest equal to the three-month Term SOFR on these swaps. </context> | us-gaap:DerivativeFixedInterestRate |
On June 4, 2020, the Company entered into an interest rate swap with a notional value of $ 300 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swap began accruing on June 30, 2020 and the swa | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> On June 4, 2020, the Company entered into an interest rate swap with a notional value of $ 300 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swap began accruing on June 30, 2020 and the swa </context> | us-gaap:DerivativeNotionalAmount |
n June 28, 2024. The Company paid a fixed rate of 0.32 % and received a variable rate of interest equal to the three-month Term SOFR on the swap. | text | 0.32 | percentItemType | text: <entity> 0.32 </entity> <entity type> percentItemType </entity type> <context> n June 28, 2024. The Company paid a fixed rate of 0.32 % and received a variable rate of interest equal to the three-month Term SOFR on the swap. </context> | us-gaap:DerivativeFixedInterestRate |
On January 3, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,000 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on December 30, 2022 and the swaps expire on December 31, 2025. The Company pays a fixed rate of 4.10 % and receives a variable rate of interest equal to one-month Term SOFR on the swaps. | text | 1000 | monetaryItemType | text: <entity> 1000 </entity> <entity type> monetaryItemType </entity type> <context> On January 3, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,000 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on December 30, 2022 and the swaps expire on December 31, 2025. The Company pays a fixed rate of 4.10 % and receives a variable rate of interest equal to one-month Term SOFR on the swaps. </context> | us-gaap:DerivativeNotionalAmount |
On January 3, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,000 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on December 30, 2022 and the swaps expire on December 31, 2025. The Company pays a fixed rate of 4.10 % and receives a variable rate of interest equal to one-month Term SOFR on the swaps. | text | 4.10 | percentItemType | text: <entity> 4.10 </entity> <entity type> percentItemType </entity type> <context> On January 3, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,000 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on December 30, 2022 and the swaps expire on December 31, 2025. The Company pays a fixed rate of 4.10 % and receives a variable rate of interest equal to one-month Term SOFR on the swaps. </context> | us-gaap:DerivativeFixedInterestRate |
On November 17, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on November 28, 2023 and the swaps expire on January 2, 2031. The Company pays a fixed rate of 6.11 % and receives a variable rate of interest equal to three-month Term SOFR plus 2.00 % on the swaps. | text | 1500 | monetaryItemType | text: <entity> 1500 </entity> <entity type> monetaryItemType </entity type> <context> On November 17, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on November 28, 2023 and the swaps expire on January 2, 2031. The Company pays a fixed rate of 6.11 % and receives a variable rate of interest equal to three-month Term SOFR plus 2.00 % on the swaps. </context> | us-gaap:DerivativeNotionalAmount |
On November 17, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on November 28, 2023 and the swaps expire on January 2, 2031. The Company pays a fixed rate of 6.11 % and receives a variable rate of interest equal to three-month Term SOFR plus 2.00 % on the swaps. | text | 6.11 | percentItemType | text: <entity> 6.11 </entity> <entity type> percentItemType </entity type> <context> On November 17, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on November 28, 2023 and the swaps expire on January 2, 2031. The Company pays a fixed rate of 6.11 % and receives a variable rate of interest equal to three-month Term SOFR plus 2.00 % on the swaps. </context> | us-gaap:DerivativeFixedInterestRate |
On November 17, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on November 28, 2023 and the swaps expire on January 2, 2031. The Company pays a fixed rate of 6.11 % and receives a variable rate of interest equal to three-month Term SOFR plus 2.00 % on the swaps. | text | 2.00 | percentItemType | text: <entity> 2.00 </entity> <entity type> percentItemType </entity type> <context> On November 17, 2023, the Company entered into interest rate swaps with a combined notional value of $ 1,500 million in an effort to limit its exposure to changes in the variable interest rate on its Senior Secured Credit Facilities (see Note 10 for additional information). Interest on the swaps began accruing on November 28, 2023 and the swaps expire on January 2, 2031. The Company pays a fixed rate of 6.11 % and receives a variable rate of interest equal to three-month Term SOFR plus 2.00 % on the swaps. </context> | us-gaap:DerivativeBasisSpreadOnVariableRate |
The fair value of these interest rate swaps represents the present value of the anticipated net payments the Company will make to the counterparty, which, when they occur, are reflected as interest expense on the consolidated statements of income. These interest rate swaps result in a total debt mix of approximately 75 % fixed rate debt and 25 % variable rate debt. | text | 75 | percentItemType | text: <entity> 75 </entity> <entity type> percentItemType </entity type> <context> The fair value of these interest rate swaps represents the present value of the anticipated net payments the Company will make to the counterparty, which, when they occur, are reflected as interest expense on the consolidated statements of income. These interest rate swaps result in a total debt mix of approximately 75 % fixed rate debt and 25 % variable rate debt. </context> | us-gaap:LongTermDebtPercentageBearingFixedInterestRate |
The fair value of these interest rate swaps represents the present value of the anticipated net payments the Company will make to the counterparty, which, when they occur, are reflected as interest expense on the consolidated statements of income. These interest rate swaps result in a total debt mix of approximately 75 % fixed rate debt and 25 % variable rate debt. | text | 25 | percentItemType | text: <entity> 25 </entity> <entity type> percentItemType </entity type> <context> The fair value of these interest rate swaps represents the present value of the anticipated net payments the Company will make to the counterparty, which, when they occur, are reflected as interest expense on the consolidated statements of income. These interest rate swaps result in a total debt mix of approximately 75 % fixed rate debt and 25 % variable rate debt. </context> | us-gaap:LongTermDebtPercentageBearingVariableInterestRate |
The Company transacts business in more than 100 countries and is subject to risks associated with fluctuating foreign exchange rates. Accordingly, the Company enters into foreign currency forward contracts to hedge certain forecasted foreign exchange cash flows arising from service contracts (“Service Contract Hedging”). It is the Company’s policy to enter into foreign currency forward contracts only to the extent necessary to reduce earnings and cash flow volatility associated with foreign exchange rate movements. The Company does not enter into foreign currency forward contracts for investment or speculative purposes. The principal currency hedged in 2024 was the British Pound. | text | 100 | integerItemType | text: <entity> 100 </entity> <entity type> integerItemType </entity type> <context> The Company transacts business in more than 100 countries and is subject to risks associated with fluctuating foreign exchange rates. Accordingly, the Company enters into foreign currency forward contracts to hedge certain forecasted foreign exchange cash flows arising from service contracts (“Service Contract Hedging”). It is the Company’s policy to enter into foreign currency forward contracts only to the extent necessary to reduce earnings and cash flow volatility associated with foreign exchange rate movements. The Company does not enter into foreign currency forward contracts for investment or speculative purposes. The principal currency hedged in 2024 was the British Pound. </context> | us-gaap:NumberOfCountriesInWhichEntityOperates |
As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. | text | 108 | monetaryItemType | text: <entity> 108 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:DerivativeNotionalAmount |
As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. | text | 121 | monetaryItemType | text: <entity> 121 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:DerivativeNotionalAmount |
As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. | text | — million | monetaryItemType | text: <entity> — million </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:ForeignCurrencyTransactionGainBeforeTax |
As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:ForeignCurrencyTransactionLossBeforeTax |
As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:ForeignCurrencyTransactionGainBeforeTax |
As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. | text | — | monetaryItemType | text: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had open Service Contract Hedging contracts to hedge certain forecasted foreign currency cash flow transactions occurring in 2025 and 2024 with notional amounts totaling $ 108 million and $ 121 million, respectively. For accounting purposes these hedges are considered highly effective. As of December 31, 2024 and 2023, the Company had recorded gross unrealized gains (losses) of $ — million and $( 2 ) million, and $ 2 million and $ — million, respectively, related to these contracts. Upon expiration of the hedge instruments in 2024, the Company reclassified the unrealized holding gains and losses on the derivative instruments included in AOCI into earnings. The unrealized gains (losses) are included in other current assets and other current liabilities on the accompanying consolidated balance sheets as of December 31, 2024 and 2023. </context> | us-gaap:ForeignCurrencyTransactionLossBeforeTax |
As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 2732 | monetaryItemType | text: <entity> 2732 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:LongTermDebt |
As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 2837 | monetaryItemType | text: <entity> 2837 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:LongTermDebt |
As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 186 | monetaryItemType | text: <entity> 186 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:TranslationAdjustmentForNetInvestmentHedgeNetOfTax |
As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 102 | monetaryItemType | text: <entity> 102 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:TranslationAdjustmentForNetInvestmentHedgeNetOfTax |
As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 332 | monetaryItemType | text: <entity> 332 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the portion of the Company's foreign currency denominated debt balance that was designated as a hedge of its net investment in certain foreign subsidiaries totaled approximately € 2,732 million ($ 2,837 million). The amount of foreign exchange gains (losses) related to this net investment hedge included in the cumulative translation adjustment component of AOCI was $ 186 million, $( 102 ) million, and $ 332 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:TranslationAdjustmentForNetInvestmentHedgeNetOfTax |
, the Company entered into cross-currency swaps with a combined notional value of $ 1,250 million to effectively convert $ 1,250 million of the 2029 Senior Secured Notes into euro-denominated borrowings at prevailing euro interest rates through February 2029. The Company designated these agreements as a hedge of its net investment in certain foreign subsidiaries. These cross-currency swaps expire in February 2029. The Company will receive semiannual interest payments on February 1 and August 1 from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.8555 %, inclusive of the yield on the notes and the impact of the cross-currency swaps. | text | 1250 | monetaryItemType | text: <entity> 1250 </entity> <entity type> monetaryItemType </entity type> <context> , the Company entered into cross-currency swaps with a combined notional value of $ 1,250 million to effectively convert $ 1,250 million of the 2029 Senior Secured Notes into euro-denominated borrowings at prevailing euro interest rates through February 2029. The Company designated these agreements as a hedge of its net investment in certain foreign subsidiaries. These cross-currency swaps expire in February 2029. The Company will receive semiannual interest payments on February 1 and August 1 from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.8555 %, inclusive of the yield on the notes and the impact of the cross-currency swaps. </context> | us-gaap:DebtInstrumentCarryingAmount |
, the Company entered into cross-currency swaps with a combined notional value of $ 1,250 million to effectively convert $ 1,250 million of the 2029 Senior Secured Notes into euro-denominated borrowings at prevailing euro interest rates through February 2029. The Company designated these agreements as a hedge of its net investment in certain foreign subsidiaries. These cross-currency swaps expire in February 2029. The Company will receive semiannual interest payments on February 1 and August 1 from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.8555 %, inclusive of the yield on the notes and the impact of the cross-currency swaps. | text | 4.8555 | percentItemType | text: <entity> 4.8555 </entity> <entity type> percentItemType </entity type> <context> , the Company entered into cross-currency swaps with a combined notional value of $ 1,250 million to effectively convert $ 1,250 million of the 2029 Senior Secured Notes into euro-denominated borrowings at prevailing euro interest rates through February 2029. The Company designated these agreements as a hedge of its net investment in certain foreign subsidiaries. These cross-currency swaps expire in February 2029. The Company will receive semiannual interest payments on February 1 and August 1 from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.8555 %, inclusive of the yield on the notes and the impact of the cross-currency swaps. </context> | us-gaap:DerivativeVariableInterestRate |
, the Company entered into cross-currency swaps with a combined notional value of $ 1,500 million to effectively convert $ 1,500 million of the Term B-4 Dollar Loans into euro-denominated borrowings at prevailing euro interest rates through January 2031. These cross-currency swaps expire in January 2031. The Company will receive quarterly interest payments from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.9015 %, inclusive of the yield on the loans, the impact of the cross-currency swaps and of the interest rate swaps entered o | text | 1500 | monetaryItemType | text: <entity> 1500 </entity> <entity type> monetaryItemType </entity type> <context> , the Company entered into cross-currency swaps with a combined notional value of $ 1,500 million to effectively convert $ 1,500 million of the Term B-4 Dollar Loans into euro-denominated borrowings at prevailing euro interest rates through January 2031. These cross-currency swaps expire in January 2031. The Company will receive quarterly interest payments from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.9015 %, inclusive of the yield on the loans, the impact of the cross-currency swaps and of the interest rate swaps entered o </context> | us-gaap:DebtInstrumentCarryingAmount |
, the Company entered into cross-currency swaps with a combined notional value of $ 1,500 million to effectively convert $ 1,500 million of the Term B-4 Dollar Loans into euro-denominated borrowings at prevailing euro interest rates through January 2031. These cross-currency swaps expire in January 2031. The Company will receive quarterly interest payments from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.9015 %, inclusive of the yield on the loans, the impact of the cross-currency swaps and of the interest rate swaps entered o | text | 4.9015 | percentItemType | text: <entity> 4.9015 </entity> <entity type> percentItemType </entity type> <context> , the Company entered into cross-currency swaps with a combined notional value of $ 1,500 million to effectively convert $ 1,500 million of the Term B-4 Dollar Loans into euro-denominated borrowings at prevailing euro interest rates through January 2031. These cross-currency swaps expire in January 2031. The Company will receive quarterly interest payments from the counterparties based on a fixed interest rate until maturity of these agreements. The effective net borrowing rate to the Company is approximately 4.9015 %, inclusive of the yield on the loans, the impact of the cross-currency swaps and of the interest rate swaps entered o </context> | us-gaap:DerivativeVariableInterestRate |
The Company does not enter into cross-currency swaps for investment or speculative purposes. For the years ended December 31, 2024 and 2023, the Company recorded gains (losses) of $ 147 million and $( 108 ) million, respectively, within AOCI as a result of these cross-currency swaps. The Company recognized $ 36 million and $ 3 million related to the excluded component as a reduction of interest expense for the years ended December 31, 2024 and | text | 147 | monetaryItemType | text: <entity> 147 </entity> <entity type> monetaryItemType </entity type> <context> The Company does not enter into cross-currency swaps for investment or speculative purposes. For the years ended December 31, 2024 and 2023, the Company recorded gains (losses) of $ 147 million and $( 108 ) million, respectively, within AOCI as a result of these cross-currency swaps. The Company recognized $ 36 million and $ 3 million related to the excluded component as a reduction of interest expense for the years ended December 31, 2024 and </context> | us-gaap:ForeignCurrencyTransactionLossBeforeTax |
The Company does not enter into cross-currency swaps for investment or speculative purposes. For the years ended December 31, 2024 and 2023, the Company recorded gains (losses) of $ 147 million and $( 108 ) million, respectively, within AOCI as a result of these cross-currency swaps. The Company recognized $ 36 million and $ 3 million related to the excluded component as a reduction of interest expense for the years ended December 31, 2024 and | text | 108 | monetaryItemType | text: <entity> 108 </entity> <entity type> monetaryItemType </entity type> <context> The Company does not enter into cross-currency swaps for investment or speculative purposes. For the years ended December 31, 2024 and 2023, the Company recorded gains (losses) of $ 147 million and $( 108 ) million, respectively, within AOCI as a result of these cross-currency swaps. The Company recognized $ 36 million and $ 3 million related to the excluded component as a reduction of interest expense for the years ended December 31, 2024 and </context> | us-gaap:ForeignCurrencyTransactionLossBeforeTax |
The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months |
The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) 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 Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax |
The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax |
The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> The Company expects $ 3 million of pre-tax unrealized gains related to its foreign exchange contracts and interest rate derivatives included in AOCI as of December 31, 2024 to be reclassified into earnings within the next twelve months. The total amount, net of income taxes, of the cash flow hedge effect on the accompanying consolidated statements of income was $ 31 million, $ 51 million, and $( 10 ) million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax |
The carrying values of cash, cash equivalents, accounts receivable and accounts payable approximated their fair values as of December 31, 2024 and 2023 due to their short-term nature. As of December 31, 2024 and 2023, the fair value of total debt was $ 13,966 million and $ 13,597 million, respectively, as determined under Level 2 measurements for these financial instruments. | text | 13966 | monetaryItemType | text: <entity> 13966 </entity> <entity type> monetaryItemType </entity type> <context> The carrying values of cash, cash equivalents, accounts receivable and accounts payable approximated their fair values as of December 31, 2024 and 2023 due to their short-term nature. As of December 31, 2024 and 2023, the fair value of total debt was $ 13,966 million and $ 13,597 million, respectively, as determined under Level 2 measurements for these financial instruments. </context> | us-gaap:DebtInstrumentFairValue |
The carrying values of cash, cash equivalents, accounts receivable and accounts payable approximated their fair values as of December 31, 2024 and 2023 due to their short-term nature. As of December 31, 2024 and 2023, the fair value of total debt was $ 13,966 million and $ 13,597 million, respectively, as determined under Level 2 measurements for these financial instruments. | text | 13597 | monetaryItemType | text: <entity> 13597 </entity> <entity type> monetaryItemType </entity type> <context> The carrying values of cash, cash equivalents, accounts receivable and accounts payable approximated their fair values as of December 31, 2024 and 2023 due to their short-term nature. As of December 31, 2024 and 2023, the fair value of total debt was $ 13,966 million and $ 13,597 million, respectively, as determined under Level 2 measurements for these financial instruments. </context> | us-gaap:DebtInstrumentFairValue |
Certain assets are carried on the accompanying consolidated balance sheets at cost and are not remeasured to fair value on a recurring basis. As of December 31, 2024, assets carried on the balance sheet and not remeasured to fair value on a recurring basis totaled $ 19,554 million and were identified as Level 3. These assets are comprised of debt investments and cost and equity method investments of $ 345 million, goodwill of $ 14,710 million and other identifiable intangibles, net of $ 4,499 million. | text | 19554 | monetaryItemType | text: <entity> 19554 </entity> <entity type> monetaryItemType </entity type> <context> Certain assets are carried on the accompanying consolidated balance sheets at cost and are not remeasured to fair value on a recurring basis. As of December 31, 2024, assets carried on the balance sheet and not remeasured to fair value on a recurring basis totaled $ 19,554 million and were identified as Level 3. These assets are comprised of debt investments and cost and equity method investments of $ 345 million, goodwill of $ 14,710 million and other identifiable intangibles, net of $ 4,499 million. </context> | us-gaap:AssetsFairValueDisclosure |
Certain assets are carried on the accompanying consolidated balance sheets at cost and are not remeasured to fair value on a recurring basis. As of December 31, 2024, assets carried on the balance sheet and not remeasured to fair value on a recurring basis totaled $ 19,554 million and were identified as Level 3. These assets are comprised of debt investments and cost and equity method investments of $ 345 million, goodwill of $ 14,710 million and other identifiable intangibles, net of $ 4,499 million. | text | 14710 | monetaryItemType | text: <entity> 14710 </entity> <entity type> monetaryItemType </entity type> <context> Certain assets are carried on the accompanying consolidated balance sheets at cost and are not remeasured to fair value on a recurring basis. As of December 31, 2024, assets carried on the balance sheet and not remeasured to fair value on a recurring basis totaled $ 19,554 million and were identified as Level 3. These assets are comprised of debt investments and cost and equity method investments of $ 345 million, goodwill of $ 14,710 million and other identifiable intangibles, net of $ 4,499 million. </context> | us-gaap:GoodwillFairValueDisclosure |
Certain assets are carried on the accompanying consolidated balance sheets at cost and are not remeasured to fair value on a recurring basis. As of December 31, 2024, assets carried on the balance sheet and not remeasured to fair value on a recurring basis totaled $ 19,554 million and were identified as Level 3. These assets are comprised of debt investments and cost and equity method investments of $ 345 million, goodwill of $ 14,710 million and other identifiable intangibles, net of $ 4,499 million. | text | 4499 | monetaryItemType | text: <entity> 4499 </entity> <entity type> monetaryItemType </entity type> <context> Certain assets are carried on the accompanying consolidated balance sheets at cost and are not remeasured to fair value on a recurring basis. As of December 31, 2024, assets carried on the balance sheet and not remeasured to fair value on a recurring basis totaled $ 19,554 million and were identified as Level 3. These assets are comprised of debt investments and cost and equity method investments of $ 345 million, goodwill of $ 14,710 million and other identifiable intangibles, net of $ 4,499 million. </context> | us-gaap:IntangibleAssetsNetExcludingGoodwill |
As of December 31, 2024, the Company has $ 4,499 million of other identifiable intangible assets. Amortization expense associated with other identifiable definite-lived intangible assets was as follows: | text | 4499 | monetaryItemType | text: <entity> 4499 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company has $ 4,499 million of other identifiable intangible assets. Amortization expense associated with other identifiable definite-lived intangible assets was as follows: </context> | us-gaap:IntangibleAssetsNetExcludingGoodwill |
Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. | text | 881 | monetaryItemType | text: <entity> 881 </entity> <entity type> monetaryItemType </entity type> <context> Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. | text | 738 | monetaryItemType | text: <entity> 738 </entity> <entity type> monetaryItemType </entity type> <context> Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo |
Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. | text | 606 | monetaryItemType | text: <entity> 606 </entity> <entity type> monetaryItemType </entity type> <context> Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree |
Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. | text | 485 | monetaryItemType | text: <entity> 485 </entity> <entity type> monetaryItemType </entity type> <context> Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour |
Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. | text | 371 | monetaryItemType | text: <entity> 371 </entity> <entity type> monetaryItemType </entity type> <context> Estimated amortization expense for existing other identifiable intangible assets is expected to be approximately $ 881 million, $ 738 million, $ 606 million, $ 485 million and $ 371 million for the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively. Estimated amortization expense can be affected by various factors such as future acquisitions, divestitures, abandonments or impairments. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 6585 | monetaryItemType | text: <entity> 6585 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 5415 | monetaryItemType | text: <entity> 5415 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:DebtInstrumentCarryingAmount |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 1170 | monetaryItemType | text: <entity> 1170 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 2000 | monetaryItemType | text: <entity> 2000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 1175 | monetaryItemType | text: <entity> 1175 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. | text | 225 | monetaryItemType | text: <entity> 225 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) provided financing through several senior secured credit facilities of up to $ 6,585 million, which consisted of $ 5,415 million principal amounts of debt outstanding (as detailed in the table above), and $ 1,170 million of available borrowing capacity on the $ 2,000 million revolving credit facility and standby letters of credit. The revolving credit facility is comprised of a $ 1,175 million senior secured revolving facility available in U.S. dollars, a $ 600 million senior secured revolving facility available in U.S. dollars, Euros, Swiss Francs and other foreign currencies, and a $ 225 million senior secured revolving facility available in U.S. dollars and Yen. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
On November 28, 2023, the Company entered into an amendment (the “Amendment”) to its Credit Agreement, among IQVIA Inc., a wholly owned subsidiary of the Company, the Company, IQVIA RDS Inc., a wholly owned subsidiary of the Company, the other guarantors party thereto, Bank of America, N.A. as administrative agent and as collateral agent, and the Lenders (as defined therein) party thereto. Pursuant to the Amendment, the Company borrowed $ 1,500 million in incremental Term B-4 Dollar Loans (as defined in the Credit Agreement) due January 2, 2031. The net proceeds from the Term B-4 Dollar Loans were used to repay certain of the outstanding term loans due in 2024 and in 2025 under the Company’s senior secured credit facilities, and to pay fees and expenses related to the Amendment and the offering of 2029 Senior Secured Notes (as defined below). In connection with this Amendment, the Company recognized a $ 6 million loss on extinguishment of debt, which includes fees and expenses. | text | 1500 | monetaryItemType | text: <entity> 1500 </entity> <entity type> monetaryItemType </entity type> <context> On November 28, 2023, the Company entered into an amendment (the “Amendment”) to its Credit Agreement, among IQVIA Inc., a wholly owned subsidiary of the Company, the Company, IQVIA RDS Inc., a wholly owned subsidiary of the Company, the other guarantors party thereto, Bank of America, N.A. as administrative agent and as collateral agent, and the Lenders (as defined therein) party thereto. Pursuant to the Amendment, the Company borrowed $ 1,500 million in incremental Term B-4 Dollar Loans (as defined in the Credit Agreement) due January 2, 2031. The net proceeds from the Term B-4 Dollar Loans were used to repay certain of the outstanding term loans due in 2024 and in 2025 under the Company’s senior secured credit facilities, and to pay fees and expenses related to the Amendment and the offering of 2029 Senior Secured Notes (as defined below). In connection with this Amendment, the Company recognized a $ 6 million loss on extinguishment of debt, which includes fees and expenses. </context> | us-gaap:DebtInstrumentCarryingAmount |
On November 28, 2023, the Company entered into an amendment (the “Amendment”) to its Credit Agreement, among IQVIA Inc., a wholly owned subsidiary of the Company, the Company, IQVIA RDS Inc., a wholly owned subsidiary of the Company, the other guarantors party thereto, Bank of America, N.A. as administrative agent and as collateral agent, and the Lenders (as defined therein) party thereto. Pursuant to the Amendment, the Company borrowed $ 1,500 million in incremental Term B-4 Dollar Loans (as defined in the Credit Agreement) due January 2, 2031. The net proceeds from the Term B-4 Dollar Loans were used to repay certain of the outstanding term loans due in 2024 and in 2025 under the Company’s senior secured credit facilities, and to pay fees and expenses related to the Amendment and the offering of 2029 Senior Secured Notes (as defined below). In connection with this Amendment, the Company recognized a $ 6 million loss on extinguishment of debt, which includes fees and expenses. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> On November 28, 2023, the Company entered into an amendment (the “Amendment”) to its Credit Agreement, among IQVIA Inc., a wholly owned subsidiary of the Company, the Company, IQVIA RDS Inc., a wholly owned subsidiary of the Company, the other guarantors party thereto, Bank of America, N.A. as administrative agent and as collateral agent, and the Lenders (as defined therein) party thereto. Pursuant to the Amendment, the Company borrowed $ 1,500 million in incremental Term B-4 Dollar Loans (as defined in the Credit Agreement) due January 2, 2031. The net proceeds from the Term B-4 Dollar Loans were used to repay certain of the outstanding term loans due in 2024 and in 2025 under the Company’s senior secured credit facilities, and to pay fees and expenses related to the Amendment and the offering of 2029 Senior Secured Notes (as defined below). In connection with this Amendment, the Company recognized a $ 6 million loss on extinguishment of debt, which includes fees and expenses. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
On April 17, 2023, the Company increased the capacity of the senior secured revolving credit facility by $ 500 million U.S. dollars, bringing the total capacity of the revolving credit facility to $ 2,000 million. At the same time, the Company also amended the benchmark rate of the U.S dollar revolving credit facility and the U.S dollar Term A Loans from U.S dollar LIBOR to U.S. dollar Secured Overnight Financing Rate term rates ("Term SOFR"), plus a 10 basis point Credit Spread Adjustment. | text | 500 | monetaryItemType | text: <entity> 500 </entity> <entity type> monetaryItemType </entity type> <context> On April 17, 2023, the Company increased the capacity of the senior secured revolving credit facility by $ 500 million U.S. dollars, bringing the total capacity of the revolving credit facility to $ 2,000 million. At the same time, the Company also amended the benchmark rate of the U.S dollar revolving credit facility and the U.S dollar Term A Loans from U.S dollar LIBOR to U.S. dollar Secured Overnight Financing Rate term rates ("Term SOFR"), plus a 10 basis point Credit Spread Adjustment. </context> | us-gaap:DebtInstrumentCarryingAmount |
On April 17, 2023, the Company increased the capacity of the senior secured revolving credit facility by $ 500 million U.S. dollars, bringing the total capacity of the revolving credit facility to $ 2,000 million. At the same time, the Company also amended the benchmark rate of the U.S dollar revolving credit facility and the U.S dollar Term A Loans from U.S dollar LIBOR to U.S. dollar Secured Overnight Financing Rate term rates ("Term SOFR"), plus a 10 basis point Credit Spread Adjustment. | text | 2000 | monetaryItemType | text: <entity> 2000 </entity> <entity type> monetaryItemType </entity type> <context> On April 17, 2023, the Company increased the capacity of the senior secured revolving credit facility by $ 500 million U.S. dollars, bringing the total capacity of the revolving credit facility to $ 2,000 million. At the same time, the Company also amended the benchmark rate of the U.S dollar revolving credit facility and the U.S dollar Term A Loans from U.S dollar LIBOR to U.S. dollar Secured Overnight Financing Rate term rates ("Term SOFR"), plus a 10 basis point Credit Spread Adjustment. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On April 17, 2023, the Company increased the capacity of the senior secured revolving credit facility by $ 500 million U.S. dollars, bringing the total capacity of the revolving credit facility to $ 2,000 million. At the same time, the Company also amended the benchmark rate of the U.S dollar revolving credit facility and the U.S dollar Term A Loans from U.S dollar LIBOR to U.S. dollar Secured Overnight Financing Rate term rates ("Term SOFR"), plus a 10 basis point Credit Spread Adjustment. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> On April 17, 2023, the Company increased the capacity of the senior secured revolving credit facility by $ 500 million U.S. dollars, bringing the total capacity of the revolving credit facility to $ 2,000 million. At the same time, the Company also amended the benchmark rate of the U.S dollar revolving credit facility and the U.S dollar Term A Loans from U.S dollar LIBOR to U.S. dollar Secured Overnight Financing Rate term rates ("Term SOFR"), plus a 10 basis point Credit Spread Adjustment. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
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