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(b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). | text | 134 | monetaryItemType | text: <entity> 134 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(c) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 64 million) and other non-current liabilities ($ 2 million). | text | 64 | monetaryItemType | text: <entity> 64 </entity> <entity type> monetaryItemType </entity type> <context> (c) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 64 million) and other non-current liabilities ($ 2 million). </context> | us-gaap:DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement |
(c) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 64 million) and other non-current liabilities ($ 2 million). | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> (c) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 64 million) and other non-current liabilities ($ 2 million). </context> | us-gaap:DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement |
Non-derivative foreign currency denominated debt with principal amounts of € 300 million and £ 400 million; and | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> Non-derivative foreign currency denominated debt with principal amounts of € 300 million and £ 400 million; and </context> | us-gaap:DerivativeAmountOfHedgedItem |
Non-derivative foreign currency denominated debt with principal amounts of € 300 million and £ 400 million; and | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> Non-derivative foreign currency denominated debt with principal amounts of € 300 million and £ 400 million; and </context> | us-gaap:DerivativeAmountOfHedgedItem |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeLiabilityNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeLiabilityNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 2.8 | monetaryItemType | text: <entity> 2.8 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeAssetNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeAssetNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 9.6 | monetaryItemType | text: <entity> 9.6 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeLiabilityNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 68 | monetaryItemType | text: <entity> 68 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeLiabilityNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeLiabilityNotionalAmount |
Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). | text | 344 | monetaryItemType | text: <entity> 344 </entity> <entity type> monetaryItemType </entity type> <context> Cross-currency contracts with notional amounts of C$ 1.4 billion ($ 1.0 billion), € 2.8 billion ($ 3.0 billion), JPY 9.6 billion ($ 68 million), and CNY 2.5 billion ($ 344 million). </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. | text | 683 | monetaryItemType | text: <entity> 683 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. | text | 864 | monetaryItemType | text: <entity> 864 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. | text | 4.8 | monetaryItemType | text: <entity> 4.8 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. | text | 251 | monetaryItemType | text: <entity> 251 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. </context> | us-gaap:DerivativeLiabilityNotionalAmount |
In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At December 28, 2024, the notional amounts of the cross-currency contracts were £ 683 million ($ 864 million) and MXN 4.8 billion ($ 251 million) and the carrying value of the hedged items was $ 1.1 billion. The gains/(losses) on the hedged items, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged items. </context> | us-gaap:DerivativeAmountOfHedgedItem |
Based on our valuation at December 28, 2024 and assuming market rates remain constant through contract maturities, we expect transfers to net income/(loss) of the existing losses reported in accumulated other comprehensive income/(losses) on interest rate cash flow hedges and cross-currency fair value hedges during the next 12 months to be insignificant. Additionally, we expect transfers to net income/(loss) of the existing gains reported in accumulated other comprehensive income/(losses) during the next 12 months on foreign-currency cash flow hedges to be approximately $ 26 million and on cross-currency cash flow hedges to be insignificant. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> Based on our valuation at December 28, 2024 and assuming market rates remain constant through contract maturities, we expect transfers to net income/(loss) of the existing losses reported in accumulated other comprehensive income/(losses) on interest rate cash flow hedges and cross-currency fair value hedges during the next 12 months to be insignificant. Additionally, we expect transfers to net income/(loss) of the existing gains reported in accumulated other comprehensive income/(losses) during the next 12 months on foreign-currency cash flow hedges to be approximately $ 26 million and on cross-currency cash flow hedges to be insignificant. </context> | us-gaap:DerivativeGainLossOnDerivativeNet |
We entered into foreign exchange derivative contracts to economically hedge the foreign currency exposure related to the cash consideration for the Hemmer Acquisition. These derivative contracts settled in our second quarter of 2022. The related derivative gains were $ 38 million, and were recorded within other expense/(income). These gains are classified as other losses/ | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> We entered into foreign exchange derivative contracts to economically hedge the foreign currency exposure related to the cash consideration for the Hemmer Acquisition. These derivative contracts settled in our second quarter of 2022. The related derivative gains were $ 38 million, and were recorded within other expense/(income). These gains are classified as other losses/ </context> | us-gaap:DerivativeGainLossOnDerivativeNet |
Since 2020, we have had a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third-party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The accounts receivable factoring program was not utilized in 2024 as there were no receivables sold under the program during 2024, and no amounts were outstanding as of December 28, 2024. There were no incremental costs of factoring receivables under this arrangement for the year ended December 28, 2024. Receivables sold under this accounts receivable factoring program were approximately $ 863 million during 2023, with no amounts outstanding as of December 30, 2023. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 30, 2023. Receivables sold under this accounts receivable factoring program were approximately $ 197 million during 2022, with an insignificant amount outstanding as of December 31, 2022. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 31, 2022. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statement of cash flows. As of December 28, 2024, the Company has elected not to renew the accounts receivable factoring program. There were no outstanding obligations at the time the program was terminated. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> Since 2020, we have had a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third-party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The accounts receivable factoring program was not utilized in 2024 as there were no receivables sold under the program during 2024, and no amounts were outstanding as of December 28, 2024. There were no incremental costs of factoring receivables under this arrangement for the year ended December 28, 2024. Receivables sold under this accounts receivable factoring program were approximately $ 863 million during 2023, with no amounts outstanding as of December 30, 2023. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 30, 2023. Receivables sold under this accounts receivable factoring program were approximately $ 197 million during 2022, with an insignificant amount outstanding as of December 31, 2022. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 31, 2022. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statement of cash flows. As of December 28, 2024, the Company has elected not to renew the accounts receivable factoring program. There were no outstanding obligations at the time the program was terminated. </context> | us-gaap:TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount |
Since 2020, we have had a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third-party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The accounts receivable factoring program was not utilized in 2024 as there were no receivables sold under the program during 2024, and no amounts were outstanding as of December 28, 2024. There were no incremental costs of factoring receivables under this arrangement for the year ended December 28, 2024. Receivables sold under this accounts receivable factoring program were approximately $ 863 million during 2023, with no amounts outstanding as of December 30, 2023. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 30, 2023. Receivables sold under this accounts receivable factoring program were approximately $ 197 million during 2022, with an insignificant amount outstanding as of December 31, 2022. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 31, 2022. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statement of cash flows. As of December 28, 2024, the Company has elected not to renew the accounts receivable factoring program. There were no outstanding obligations at the time the program was terminated. | text | 863 | monetaryItemType | text: <entity> 863 </entity> <entity type> monetaryItemType </entity type> <context> Since 2020, we have had a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third-party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The accounts receivable factoring program was not utilized in 2024 as there were no receivables sold under the program during 2024, and no amounts were outstanding as of December 28, 2024. There were no incremental costs of factoring receivables under this arrangement for the year ended December 28, 2024. Receivables sold under this accounts receivable factoring program were approximately $ 863 million during 2023, with no amounts outstanding as of December 30, 2023. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 30, 2023. Receivables sold under this accounts receivable factoring program were approximately $ 197 million during 2022, with an insignificant amount outstanding as of December 31, 2022. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 31, 2022. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statement of cash flows. As of December 28, 2024, the Company has elected not to renew the accounts receivable factoring program. There were no outstanding obligations at the time the program was terminated. </context> | us-gaap:TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount |
Since 2020, we have had a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third-party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The accounts receivable factoring program was not utilized in 2024 as there were no receivables sold under the program during 2024, and no amounts were outstanding as of December 28, 2024. There were no incremental costs of factoring receivables under this arrangement for the year ended December 28, 2024. Receivables sold under this accounts receivable factoring program were approximately $ 863 million during 2023, with no amounts outstanding as of December 30, 2023. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 30, 2023. Receivables sold under this accounts receivable factoring program were approximately $ 197 million during 2022, with an insignificant amount outstanding as of December 31, 2022. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 31, 2022. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statement of cash flows. As of December 28, 2024, the Company has elected not to renew the accounts receivable factoring program. There were no outstanding obligations at the time the program was terminated. | text | 197 | monetaryItemType | text: <entity> 197 </entity> <entity type> monetaryItemType </entity type> <context> Since 2020, we have had a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third-party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our consolidated balance sheet. The accounts receivable factoring program was not utilized in 2024 as there were no receivables sold under the program during 2024, and no amounts were outstanding as of December 28, 2024. There were no incremental costs of factoring receivables under this arrangement for the year ended December 28, 2024. Receivables sold under this accounts receivable factoring program were approximately $ 863 million during 2023, with no amounts outstanding as of December 30, 2023. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 30, 2023. Receivables sold under this accounts receivable factoring program were approximately $ 197 million during 2022, with an insignificant amount outstanding as of December 31, 2022. The incremental costs of factoring receivables under this arrangement were insignificant for the year ended December 31, 2022. The proceeds from the sales of receivables are included in cash from operating activities in the consolidated statement of cash flows. As of December 28, 2024, the Company has elected not to renew the accounts receivable factoring program. There were no outstanding obligations at the time the program was terminated. </context> | us-gaap:TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount |
We maintain agreements with third-party administrators that allow participating suppliers to track payment obligations from us, and, at the sole discretion of the supplier, sell one or more of those payment obligations to participating financial institutions. We have no economic interest in a supplier’s decision to enter into these agreements and no direct financial relationship with the financial institutions related to these programs. We pledged no assets or other forms of guarantees in connection with our trade payable programs. Our obligations to our suppliers, including amounts due and scheduled payment terms, are not impacted. Our current payment terms with our suppliers, which we deem to be commercially reasonable, generally range from 0 to 250 days. All amounts due to participating suppliers are paid to the third party on the original invoice due dates, regardless of whether a particular invoice was sold. Supplier participation in these agreements is voluntary. The amounts confirmed outstanding under these programs were $ 745 million at December 28, 2024 and $ 819 million at December 30, 2023. The amounts were included in trade payables on our consolidated balance sheets. During 2024, we added $ 2,669 million of obligations to these programs and settled $ 2,743 million of obligations. | text | 2669 | monetaryItemType | text: <entity> 2669 </entity> <entity type> monetaryItemType </entity type> <context> We maintain agreements with third-party administrators that allow participating suppliers to track payment obligations from us, and, at the sole discretion of the supplier, sell one or more of those payment obligations to participating financial institutions. We have no economic interest in a supplier’s decision to enter into these agreements and no direct financial relationship with the financial institutions related to these programs. We pledged no assets or other forms of guarantees in connection with our trade payable programs. Our obligations to our suppliers, including amounts due and scheduled payment terms, are not impacted. Our current payment terms with our suppliers, which we deem to be commercially reasonable, generally range from 0 to 250 days. All amounts due to participating suppliers are paid to the third party on the original invoice due dates, regardless of whether a particular invoice was sold. Supplier participation in these agreements is voluntary. The amounts confirmed outstanding under these programs were $ 745 million at December 28, 2024 and $ 819 million at December 30, 2023. The amounts were included in trade payables on our consolidated balance sheets. During 2024, we added $ 2,669 million of obligations to these programs and settled $ 2,743 million of obligations. </context> | us-gaap:IncreaseDecreaseInAccountsPayableTrade |
We maintain agreements with third-party administrators that allow participating suppliers to track payment obligations from us, and, at the sole discretion of the supplier, sell one or more of those payment obligations to participating financial institutions. We have no economic interest in a supplier’s decision to enter into these agreements and no direct financial relationship with the financial institutions related to these programs. We pledged no assets or other forms of guarantees in connection with our trade payable programs. Our obligations to our suppliers, including amounts due and scheduled payment terms, are not impacted. Our current payment terms with our suppliers, which we deem to be commercially reasonable, generally range from 0 to 250 days. All amounts due to participating suppliers are paid to the third party on the original invoice due dates, regardless of whether a particular invoice was sold. Supplier participation in these agreements is voluntary. The amounts confirmed outstanding under these programs were $ 745 million at December 28, 2024 and $ 819 million at December 30, 2023. The amounts were included in trade payables on our consolidated balance sheets. During 2024, we added $ 2,669 million of obligations to these programs and settled $ 2,743 million of obligations. | text | 2743 | monetaryItemType | text: <entity> 2743 </entity> <entity type> monetaryItemType </entity type> <context> We maintain agreements with third-party administrators that allow participating suppliers to track payment obligations from us, and, at the sole discretion of the supplier, sell one or more of those payment obligations to participating financial institutions. We have no economic interest in a supplier’s decision to enter into these agreements and no direct financial relationship with the financial institutions related to these programs. We pledged no assets or other forms of guarantees in connection with our trade payable programs. Our obligations to our suppliers, including amounts due and scheduled payment terms, are not impacted. Our current payment terms with our suppliers, which we deem to be commercially reasonable, generally range from 0 to 250 days. All amounts due to participating suppliers are paid to the third party on the original invoice due dates, regardless of whether a particular invoice was sold. Supplier participation in these agreements is voluntary. The amounts confirmed outstanding under these programs were $ 745 million at December 28, 2024 and $ 819 million at December 30, 2023. The amounts were included in trade payables on our consolidated balance sheets. During 2024, we added $ 2,669 million of obligations to these programs and settled $ 2,743 million of obligations. </context> | us-gaap:IncreaseDecreaseInAccountsPayableTrade |
The consolidated amended class action complaint, which was filed on August 14, 2020 and also named 3G Capital, Inc. and several of its subsidiaries and affiliates (the “3G Entities”) as defendants, asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 promulgated thereunder, based on allegedly materially false or misleading statements and omissions in public statements, press releases, investor presentations, earnings calls, Company documents, and SEC filings regarding the Company’s business, financial results, and internal controls, and further alleged the 3G Entities engaged in insider trading and misappropriated the Company’s material, non-public information. In February 2023, the parties to the litigation reached a preliminary class settlement agreement. Related to that agreement, we recorded a net expense of $ 210 million within SG&A in our consolidated statements of income for the fourth quarter of 2022, representative of the Company’s then-estimated liability after insurance recoveries and contributions from other defendants. The Company’s then-estimated liability and the insurance recoveries are reflected in current liabilities and current assets on the consolidated balance sheets at December 31, 2022. In the third quarter of 2023, we paid our remaining liability after insurance recoveries. On September 12, 2023, the United States District Court for the Northern District of Illinois issued a Judgment Approving Class Action Settlement, wherein it granted final approval of the class settlement and dismissed the lawsuit with prejudice. | text | 210 | monetaryItemType | text: <entity> 210 </entity> <entity type> monetaryItemType </entity type> <context> The consolidated amended class action complaint, which was filed on August 14, 2020 and also named 3G Capital, Inc. and several of its subsidiaries and affiliates (the “3G Entities”) as defendants, asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 promulgated thereunder, based on allegedly materially false or misleading statements and omissions in public statements, press releases, investor presentations, earnings calls, Company documents, and SEC filings regarding the Company’s business, financial results, and internal controls, and further alleged the 3G Entities engaged in insider trading and misappropriated the Company’s material, non-public information. In February 2023, the parties to the litigation reached a preliminary class settlement agreement. Related to that agreement, we recorded a net expense of $ 210 million within SG&A in our consolidated statements of income for the fourth quarter of 2022, representative of the Company’s then-estimated liability after insurance recoveries and contributions from other defendants. The Company’s then-estimated liability and the insurance recoveries are reflected in current liabilities and current assets on the consolidated balance sheets at December 31, 2022. In the third quarter of 2023, we paid our remaining liability after insurance recoveries. On September 12, 2023, the United States District Court for the Northern District of Illinois issued a Judgment Approving Class Action Settlement, wherein it granted final approval of the class settlement and dismissed the lawsuit with prejudice. </context> | us-gaap:PaymentsForLegalSettlements |
Together with Kraft Heinz Foods Company (“KHFC”), our 100% owned operating subsidiary, we have a credit agreement (the “Credit Agreement”), which provides for a five-year senior unsecured revolving credit facility in an aggregate amount of $ 4.0 billion (the “Senior Credit Facility”). On September 27, 2024, we entered into an agreement to extend the maturity date of our Senior Credit Facility from July 8, 2028 to July 8, 2029. | text | 4.0 | monetaryItemType | text: <entity> 4.0 </entity> <entity type> monetaryItemType </entity type> <context> Together with Kraft Heinz Foods Company (“KHFC”), our 100% owned operating subsidiary, we have a credit agreement (the “Credit Agreement”), which provides for a five-year senior unsecured revolving credit facility in an aggregate amount of $ 4.0 billion (the “Senior Credit Facility”). On September 27, 2024, we entered into an agreement to extend the maturity date of our Senior Credit Facility from July 8, 2028 to July 8, 2029. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The Credit Agreement includes a $ 1.0 billion sublimit for borrowings in Canadian dollars, euro, or British pound sterling, as well as a swingline sub-facility of up to $ 400 million, and a letter of credit sub-facility of up to $ 300 million. Additionally, and subject to certain conditions, we may increase the amount of revolving commitments and/or add tranches of term loans in a combined aggregate amount of up to $ 1.0 billion. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement includes a $ 1.0 billion sublimit for borrowings in Canadian dollars, euro, or British pound sterling, as well as a swingline sub-facility of up to $ 400 million, and a letter of credit sub-facility of up to $ 300 million. Additionally, and subject to certain conditions, we may increase the amount of revolving commitments and/or add tranches of term loans in a combined aggregate amount of up to $ 1.0 billion. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The Credit Agreement includes a $ 1.0 billion sublimit for borrowings in Canadian dollars, euro, or British pound sterling, as well as a swingline sub-facility of up to $ 400 million, and a letter of credit sub-facility of up to $ 300 million. Additionally, and subject to certain conditions, we may increase the amount of revolving commitments and/or add tranches of term loans in a combined aggregate amount of up to $ 1.0 billion. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement includes a $ 1.0 billion sublimit for borrowings in Canadian dollars, euro, or British pound sterling, as well as a swingline sub-facility of up to $ 400 million, and a letter of credit sub-facility of up to $ 300 million. Additionally, and subject to certain conditions, we may increase the amount of revolving commitments and/or add tranches of term loans in a combined aggregate amount of up to $ 1.0 billion. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The Credit Agreement includes a $ 1.0 billion sublimit for borrowings in Canadian dollars, euro, or British pound sterling, as well as a swingline sub-facility of up to $ 400 million, and a letter of credit sub-facility of up to $ 300 million. Additionally, and subject to certain conditions, we may increase the amount of revolving commitments and/or add tranches of term loans in a combined aggregate amount of up to $ 1.0 billion. | text | 300 | monetaryItemType | text: <entity> 300 </entity> <entity type> monetaryItemType </entity type> <context> The Credit Agreement includes a $ 1.0 billion sublimit for borrowings in Canadian dollars, euro, or British pound sterling, as well as a swingline sub-facility of up to $ 400 million, and a letter of credit sub-facility of up to $ 300 million. Additionally, and subject to certain conditions, we may increase the amount of revolving commitments and/or add tranches of term loans in a combined aggregate amount of up to $ 1.0 billion. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
From time to time, we obtain funding through our commercial paper programs. We had no commercial paper outstanding at December 28, 2024 or at December 30, 2023. We had no commercial paper outstanding during the year ended December 28, 2024, and the maximum amount of commercial paper outstanding was $ 150 million during the year ended and December 30, 2023. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> From time to time, we obtain funding through our commercial paper programs. We had no commercial paper outstanding at December 28, 2024 or at December 30, 2023. We had no commercial paper outstanding during the year ended December 28, 2024, and the maximum amount of commercial paper outstanding was $ 150 million during the year ended and December 30, 2023. </context> | us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod |
From time to time, we obtain funding through our commercial paper programs. We had no commercial paper outstanding at December 28, 2024 or at December 30, 2023. We had no commercial paper outstanding during the year ended December 28, 2024, and the maximum amount of commercial paper outstanding was $ 150 million during the year ended and December 30, 2023. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> From time to time, we obtain funding through our commercial paper programs. We had no commercial paper outstanding at December 28, 2024 or at December 30, 2023. We had no commercial paper outstanding during the year ended December 28, 2024, and the maximum amount of commercial paper outstanding was $ 150 million during the year ended and December 30, 2023. </context> | us-gaap:LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod |
(d) The 6.250 % Pound Sterling Senior Notes due February 18, 2030 (the “2030 Notes”) were issued by H.J. Heinz Finance UK Plc. Kraft Heinz and KHFC fully and unconditionally guarantee the 2030 Notes. The 2030 Notes rank | text | 6.250 | percentItemType | text: <entity> 6.250 </entity> <entity type> percentItemType </entity type> <context> (d) The 6.250 % Pound Sterling Senior Notes due February 18, 2030 (the “2030 Notes”) were issued by H.J. Heinz Finance UK Plc. Kraft Heinz and KHFC fully and unconditionally guarantee the 2030 Notes. The 2030 Notes rank </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). | text | 755 | monetaryItemType | text: <entity> 755 </entity> <entity type> monetaryItemType </entity type> <context> In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). </context> | us-gaap:EarlyRepaymentOfSeniorDebt |
In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). | text | 268 | monetaryItemType | text: <entity> 268 </entity> <entity type> monetaryItemType </entity type> <context> In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). </context> | us-gaap:EarlyRepaymentOfSeniorDebt |
In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). | text | 180 | monetaryItemType | text: <entity> 180 </entity> <entity type> monetaryItemType </entity type> <context> In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). </context> | us-gaap:EarlyRepaymentOfSeniorDebt |
In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). | text | 307 | monetaryItemType | text: <entity> 307 </entity> <entity type> monetaryItemType </entity type> <context> In 2022, we repurchased approximately $ 755 million of certain of our senior notes under Rule 10b5-1 plans, including $ 268 million in the second quarter of 2022 (the “Q2 2022 Repurchases”), $ 180 million in the third quarter of 2022 (the “Q3 2022 Repurchases”), and $ 307 million in the fourth quarter of 2022 (the “Q4 2022 Repurchases” and, together with the Q2 2022 Repurchases and the Q3 2022 Repurchases, the “2022 Repurchases”). </context> | us-gaap:EarlyRepaymentOfSeniorDebt |
In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. </context> | us-gaap:PaymentsOfDebtExtinguishmentCosts |
In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the 2022 Repurchases, we recognized a net gain on extinguishment of debt of approximately $ 38 million within interest expense on the consolidated statement of income for the year ended December 31, 2022, which included a net gain of $ 9 million in the second quarter of 2022 related to the Q2 2022 Repurchases, a net gain of $ 3 million in the third quarter of 2022 related to the Q3 2022 Repurchases, and a net gain of $ 26 million in the fourth quarter related to the Q4 2022 Repurchases. This gain primarily reflects the write-off of unamortized premiums and a net discount associated with the 2022 Repurchases. Related to the 2022 Repurchases, we recognized a debt prepayment and extinguishment benefit of $ 10 million on the consolidated statement of cash flows for the year ended December 31, 2022, which reflect the $ 38 million net gain on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $ 33 million, unamortized debt issuance costs of $ 3 million, and unamortized discounts of $ 2 million. </context> | us-gaap:WriteOffOfDeferredDebtIssuanceCost |
In the first quarter of 2024, KHFC issued 550 million euro aggregate principal amount of 3.500 % senior notes due March 2029 (the “2024 Notes”). The 2024 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. | text | 550 | monetaryItemType | text: <entity> 550 </entity> <entity type> monetaryItemType </entity type> <context> In the first quarter of 2024, KHFC issued 550 million euro aggregate principal amount of 3.500 % senior notes due March 2029 (the “2024 Notes”). The 2024 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. </context> | us-gaap:DebtInstrumentFaceAmount |
In the first quarter of 2024, KHFC issued 550 million euro aggregate principal amount of 3.500 % senior notes due March 2029 (the “2024 Notes”). The 2024 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. | text | 3.500 | percentItemType | text: <entity> 3.500 </entity> <entity type> percentItemType </entity type> <context> In the first quarter of 2024, KHFC issued 550 million euro aggregate principal amount of 3.500 % senior notes due March 2029 (the “2024 Notes”). The 2024 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In the first quarter of 2024, KHFC issued 550 million euro aggregate principal amount of 3.500 % senior notes due March 2029 (the “2024 Notes”). The 2024 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. | text | 550 | monetaryItemType | text: <entity> 550 </entity> <entity type> monetaryItemType </entity type> <context> In the first quarter of 2024, KHFC issued 550 million euro aggregate principal amount of 3.500 % senior notes due March 2029 (the “2024 Notes”). The 2024 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. </context> | us-gaap:RepaymentsOfLongTermDebt |
In May 2023, KHFC issued 600 million euro aggregate principal amount of floating rate senior notes due May 2025 (the “2023 Notes”). The 2023 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal and interest on a senior unsecured basis. We used the proceeds from the 2023 Notes for general corporate purposes, including to partially fund the repayment of our 750 million euro senior notes that matured in June 2023. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> In May 2023, KHFC issued 600 million euro aggregate principal amount of floating rate senior notes due May 2025 (the “2023 Notes”). The 2023 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal and interest on a senior unsecured basis. We used the proceeds from the 2023 Notes for general corporate purposes, including to partially fund the repayment of our 750 million euro senior notes that matured in June 2023. </context> | us-gaap:DebtInstrumentFaceAmount |
In May 2023, KHFC issued 600 million euro aggregate principal amount of floating rate senior notes due May 2025 (the “2023 Notes”). The 2023 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal and interest on a senior unsecured basis. We used the proceeds from the 2023 Notes for general corporate purposes, including to partially fund the repayment of our 750 million euro senior notes that matured in June 2023. | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> In May 2023, KHFC issued 600 million euro aggregate principal amount of floating rate senior notes due May 2025 (the “2023 Notes”). The 2023 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal and interest on a senior unsecured basis. We used the proceeds from the 2023 Notes for general corporate purposes, including to partially fund the repayment of our 750 million euro senior notes that matured in June 2023. </context> | us-gaap:RepaymentsOfLongTermDebt |
Debt issuance costs are reflected as a direct deduction of our current portion of long-term debt and long-term debt balances on the consolidated balance sheets. We incurred an insignificant amount of debt issuance costs in 2024, 2023, and 2022. Unamortized debt issuance costs were $ 75 million at December 28, 2024 and $ 81 million at December 30, 2023. Amortization of debt issuance costs was $ 12 million in 2024 and $ 11 million in 2023 and 2022. | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs are reflected as a direct deduction of our current portion of long-term debt and long-term debt balances on the consolidated balance sheets. We incurred an insignificant amount of debt issuance costs in 2024, 2023, and 2022. Unamortized debt issuance costs were $ 75 million at December 28, 2024 and $ 81 million at December 30, 2023. Amortization of debt issuance costs was $ 12 million in 2024 and $ 11 million in 2023 and 2022. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
Debt issuance costs are reflected as a direct deduction of our current portion of long-term debt and long-term debt balances on the consolidated balance sheets. We incurred an insignificant amount of debt issuance costs in 2024, 2023, and 2022. Unamortized debt issuance costs were $ 75 million at December 28, 2024 and $ 81 million at December 30, 2023. Amortization of debt issuance costs was $ 12 million in 2024 and $ 11 million in 2023 and 2022. | text | 81 | monetaryItemType | text: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs are reflected as a direct deduction of our current portion of long-term debt and long-term debt balances on the consolidated balance sheets. We incurred an insignificant amount of debt issuance costs in 2024, 2023, and 2022. Unamortized debt issuance costs were $ 75 million at December 28, 2024 and $ 81 million at December 30, 2023. Amortization of debt issuance costs was $ 12 million in 2024 and $ 11 million in 2023 and 2022. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
Debt issuance costs are reflected as a direct deduction of our current portion of long-term debt and long-term debt balances on the consolidated balance sheets. We incurred an insignificant amount of debt issuance costs in 2024, 2023, and 2022. Unamortized debt issuance costs were $ 75 million at December 28, 2024 and $ 81 million at December 30, 2023. Amortization of debt issuance costs was $ 12 million in 2024 and $ 11 million in 2023 and 2022. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs are reflected as a direct deduction of our current portion of long-term debt and long-term debt balances on the consolidated balance sheets. We incurred an insignificant amount of debt issuance costs in 2024, 2023, and 2022. Unamortized debt issuance costs were $ 75 million at December 28, 2024 and $ 81 million at December 30, 2023. Amortization of debt issuance costs was $ 12 million in 2024 and $ 11 million in 2023 and 2022. </context> | us-gaap:AmortizationOfFinancingCosts |
Unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt. Unamortized debt premium, net, was $ 217 million at December 28, 2024 and $ 234 million at December 30, 2023. Amortization of our debt premium, net, was $ 16 million in 2024 and 2023, and $ 17 million in 2022. | text | 217 | monetaryItemType | text: <entity> 217 </entity> <entity type> monetaryItemType </entity type> <context> Unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt. Unamortized debt premium, net, was $ 217 million at December 28, 2024 and $ 234 million at December 30, 2023. Amortization of our debt premium, net, was $ 16 million in 2024 and 2023, and $ 17 million in 2022. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet |
Unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt. Unamortized debt premium, net, was $ 217 million at December 28, 2024 and $ 234 million at December 30, 2023. Amortization of our debt premium, net, was $ 16 million in 2024 and 2023, and $ 17 million in 2022. | text | 234 | monetaryItemType | text: <entity> 234 </entity> <entity type> monetaryItemType </entity type> <context> Unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt. Unamortized debt premium, net, was $ 217 million at December 28, 2024 and $ 234 million at December 30, 2023. Amortization of our debt premium, net, was $ 16 million in 2024 and 2023, and $ 17 million in 2022. </context> | us-gaap:DebtInstrumentUnamortizedDiscountPremiumNet |
Unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt. Unamortized debt premium, net, was $ 217 million at December 28, 2024 and $ 234 million at December 30, 2023. Amortization of our debt premium, net, was $ 16 million in 2024 and 2023, and $ 17 million in 2022. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Unamortized debt premiums are presented on the consolidated balance sheets as a direct addition to the carrying amount of debt. Unamortized debt premium, net, was $ 217 million at December 28, 2024 and $ 234 million at December 30, 2023. Amortization of our debt premium, net, was $ 16 million in 2024 and 2023, and $ 17 million in 2022. </context> | us-gaap:AmortizationOfDebtDiscountPremium |
In May 2024, we repaid 550 million euro aggregate principal amount of senior notes that matured in the period. | text | 550 | monetaryItemType | text: <entity> 550 </entity> <entity type> monetaryItemType </entity type> <context> In May 2024, we repaid 550 million euro aggregate principal amount of senior notes that matured in the period. </context> | us-gaap:RepaymentsOfLongTermDebt |
In June 2023, we repaid 750 million euro aggregate principal amount of senior notes that matured in the period. | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> In June 2023, we repaid 750 million euro aggregate principal amount of senior notes that matured in the period. </context> | us-gaap:RepaymentsOfLongTermDebt |
In March 2022, we repaid $ 6 million aggregate principal amount of senior notes that matured in the period. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> In March 2022, we repaid $ 6 million aggregate principal amount of senior notes that matured in the period. </context> | us-gaap:RepaymentsOfLongTermDebt |
In June 2022, we repaid $ 381 million aggregate principal amount of senior notes that matured in the period. | text | 381 | monetaryItemType | text: <entity> 381 </entity> <entity type> monetaryItemType </entity type> <context> In June 2022, we repaid $ 381 million aggregate principal amount of senior notes that matured in the period. </context> | us-gaap:RepaymentsOfLongTermDebt |
In August 2022, we repaid $ 315 million aggregate principal amount of floating rate senior notes that matured in the period. | text | 315 | monetaryItemType | text: <entity> 315 </entity> <entity type> monetaryItemType </entity type> <context> In August 2022, we repaid $ 315 million aggregate principal amount of floating rate senior notes that matured in the period. </context> | us-gaap:RepaymentsOfLongTermDebt |
In June 2023, we entered into a non-cancellable synthetic lease for a distribution facility, for which we are the construction agent, that we now anticipate the estimated construction cost to be approximately $ 625 million. The lease will commence upon completion of construction of the facility which is now expected to be in the later part of 2027. The term of the lease is five years after commencement. At the end of the lease term, we will be required to either purchase the facility or, in the event that option is not elected, to remarket the facility. Upon lease commencement, the lease classification, right-of-use asset, and lease liability will be determined and recorded. The lease arrangement contains a residual value guarantee of approximately 85 % of the total construction cost. The construction agreement and lease contain covenants that are consistent with our Senior Credit Facility as disclosed in Note 16, | text | 625 | monetaryItemType | text: <entity> 625 </entity> <entity type> monetaryItemType </entity type> <context> In June 2023, we entered into a non-cancellable synthetic lease for a distribution facility, for which we are the construction agent, that we now anticipate the estimated construction cost to be approximately $ 625 million. The lease will commence upon completion of construction of the facility which is now expected to be in the later part of 2027. The term of the lease is five years after commencement. At the end of the lease term, we will be required to either purchase the facility or, in the event that option is not elected, to remarket the facility. Upon lease commencement, the lease classification, right-of-use asset, and lease liability will be determined and recorded. The lease arrangement contains a residual value guarantee of approximately 85 % of the total construction cost. The construction agreement and lease contain covenants that are consistent with our Senior Credit Facility as disclosed in Note 16, </context> | us-gaap:ConstructionInProgressGross |
Our Second Amended and Restated Certificate of Incorporation authorizes the issuance of up to 5.0 billion shares of common stock. | text | 5.0 | sharesItemType | text: <entity> 5.0 </entity> <entity type> sharesItemType </entity type> <context> Our Second Amended and Restated Certificate of Incorporation authorizes the issuance of up to 5.0 billion shares of common stock. </context> | us-gaap:CommonStockSharesAuthorized |
We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 6 million in 2024, 7 million in 2023, and 6 million in 2022. | text | 6 | sharesItemType | text: <entity> 6 </entity> <entity type> sharesItemType </entity type> <context> We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 6 million in 2024, 7 million in 2023, and 6 million in 2022. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 6 million in 2024, 7 million in 2023, and 6 million in 2022. | text | 7 | sharesItemType | text: <entity> 7 </entity> <entity type> sharesItemType </entity type> <context> We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 6 million in 2024, 7 million in 2023, and 6 million in 2022. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
In the first quarter of 2024, our internal reporting and reportable segments changed. We divided our International segment into three operating segments — EPDM, WEEM, and AEM — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets. We have reflected this segment change in all historical periods presented. | text | four | integerItemType | text: <entity> four </entity> <entity type> integerItemType </entity type> <context> In the first quarter of 2024, our internal reporting and reportable segments changed. We divided our International segment into three operating segments — EPDM, WEEM, and AEM — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets. We have reflected this segment change in all historical periods presented. </context> | us-gaap:NumberOfOperatingSegments |
In the first quarter of 2024, our internal reporting and reportable segments changed. We divided our International segment into three operating segments — EPDM, WEEM, and AEM — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets. We have reflected this segment change in all historical periods presented. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> In the first quarter of 2024, our internal reporting and reportable segments changed. We divided our International segment into three operating segments — EPDM, WEEM, and AEM — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets. We have reflected this segment change in all historical periods presented. </context> | us-gaap:NumberOfReportableSegments |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 85 | monetaryItemType | text: <entity> 85 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:OtherNonoperatingIncomeExpense |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:OtherNonoperatingIncomeExpense |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 130 | monetaryItemType | text: <entity> 130 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:ForeignCurrencyTransactionGainLossBeforeTax |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 73 | monetaryItemType | text: <entity> 73 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:ForeignCurrencyTransactionGainLossBeforeTax |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 69 | monetaryItemType | text: <entity> 69 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:InvestmentIncomeInterest |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:InvestmentIncomeInterest |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 81 | monetaryItemType | text: <entity> 81 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 85 million of income in 2024 compared to $ 27 million of expense in 2023. This change was primarily driven by a $ 130 million net pension and postretirement non-service benefit in 2024 compared to a $ 67 million net pension and postretirement non-service cost in 2023, a $ 21 million net foreign exchange gain in 2024 compared to a $ 73 million net foreign exchange loss in 2023, and $ 69 million in interest income in 2024 compared to $ 40 million in interest income in 2023. These impacts were partially offset by a $ 45 million net loss on derivative activities in 2024 compared to a $ 59 million net gain on derivative activities in 2023, a $ 81 million net loss on the sale of businesses in 2024 compared to a $ 4 million net gain on the sale of business in 2023, and a $ 19 million expense in other miscellaneous expenses in 2024 compared to a $ 4 million expense in other miscellaneous expenses in 2023. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. </context> | us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent |
Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. | text | 135 | monetaryItemType | text: <entity> 135 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. </context> | us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent |
Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. | text | 73 | monetaryItemType | text: <entity> 73 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. </context> | us-gaap:ForeignCurrencyTransactionGainLossBeforeTax |
Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> Other expense/(income) was $ 27 million of expense in 2023 compared to $ 253 million of income in 2022. This change was primarily driven by a $ 67 million net pension and postretirement non-service costs in 2023 compared to a $ 135 million net pension and postretirement non-service benefit in 2022, a $ 73 million net foreign exchange loss in 2023 compared to a $ 106 million net foreign exchange gain in 2022, and a $ 21 million decrease in gain on sale of businesses. These impacts were partially offset by a $ 59 million net gain on derivative activities in 2023 compared to a $ 50 million net loss on derivative activities in 2022, and a $ 13 million increase in interest income as compared to the prior year period. </context> | us-gaap:ForeignCurrencyTransactionGainLossBeforeTax |
AEP’s public utility subsidiaries’ rates are regulated by the FERC and state regulatory commissions in the eleven state operating territories in which they operate. The FERC also regulates the Registrants’ affiliated transactions, including AEPSC intercompany service billings which are generally at cost, under the 2005 Public Utility Holding Company Act and the Federal Power Act. The FERC also has jurisdiction over certain issuances and acquisitions of securities of the public utility subsidiaries, the acquisition or sale of certain utility assets and mergers with another electric utility or holding company. The state regulatory commissions also regulate certain intercompany transactions under various orders and affiliate statutes. Both the FERC and state regulatory commissions are permitted to review and audit the relevant books and records of companies within a public utility holding company system. | text | eleven | integerItemType | text: <entity> eleven </entity> <entity type> integerItemType </entity type> <context> AEP’s public utility subsidiaries’ rates are regulated by the FERC and state regulatory commissions in the eleven state operating territories in which they operate. The FERC also regulates the Registrants’ affiliated transactions, including AEPSC intercompany service billings which are generally at cost, under the 2005 Public Utility Holding Company Act and the Federal Power Act. The FERC also has jurisdiction over certain issuances and acquisitions of securities of the public utility subsidiaries, the acquisition or sale of certain utility assets and mergers with another electric utility or holding company. The state regulatory commissions also regulate certain intercompany transactions under various orders and affiliate statutes. Both the FERC and state regulatory commissions are permitted to review and audit the relevant books and records of companies within a public utility holding company system. </context> | us-gaap:NumberOfStatesInWhichEntityOperates |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 164 | monetaryItemType | text: <entity> 164 </entity> <entity type> monetaryItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 10.6 | percentItemType | text: <entity> 10.6 </entity> <entity type> percentItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 55 | percentItemType | text: <entity> 55 </entity> <entity type> percentItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesRequestedDebtCapitalStructurePercentage |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 45 | percentItemType | text: <entity> 45 </entity> <entity type> percentItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesRequestedEquityCapitalStructurePercentage |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 70 | monetaryItemType | text: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 9.76 | percentItemType | text: <entity> 9.76 </entity> <entity type> percentItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 57.5 | percentItemType | text: <entity> 57.5 </entity> <entity type> percentItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesApprovedDebtCapitalStructurePercentage |
In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. | text | 42.5 | percentItemType | text: <entity> 42.5 </entity> <entity type> percentItemType </entity type> <context> In February 2024, AEP Texas filed a request with the PUCT for a $ 164 million annual base rate increase over its adjusted test year revenues which include interim transmission and distribution rate updates. AEP Texas’s request is based upon a proposed 10.6 % ROE with a capital structure of 55 % debt and 45 % common equity. The rate case sought a prudence determination on all capital additions placed in service during the period January 1, 2019 through September 30, 2023. In July 2024, AEP Texas filed an unopposed settlement agreement with the PUCT. The settlement agreement included a proposed annual revenue increase of $ 70 million based upon a 9.76 % ROE with a capital structure of 57.5 % debt and 42.5 % common equity. In addition, the settlement agreement approved the prudency of capital investments placed in service for the period January 1, 2019 through September 30, 2023 and the associated interim revenues collected on those capital investments. In October 2024, the PUCT issued a final order approving the settlement agreement without modification. </context> | us-gaap:PublicUtilitiesApprovedEquityCapitalStructurePercentage |
In April 2024, the Companies submitted their annual ENEC update filing with the WVPSC proposing a $ 58 million annual increase in ENEC rates when compared to existing ENEC rates. The Companies proposed that this ENEC rate change would: (a) become effective September 1, 2024, (b) include a $ 20 million annual increase in ENEC rates related to the period ending February 29, 2024 and the forecast period September 2024 through August 2025 and (c) include a $ 38 million annual increase in ENEC rates for the recovery of $ 321 million of ENEC under-recovered costs as of February 28, 2023 over a ten-year period, plus a 4 % debt carrying charge rate. In July 2024, intervenors and staff filed testimony with the WVPSC, which did not recommend any disallowances. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> In April 2024, the Companies submitted their annual ENEC update filing with the WVPSC proposing a $ 58 million annual increase in ENEC rates when compared to existing ENEC rates. The Companies proposed that this ENEC rate change would: (a) become effective September 1, 2024, (b) include a $ 20 million annual increase in ENEC rates related to the period ending February 29, 2024 and the forecast period September 2024 through August 2025 and (c) include a $ 38 million annual increase in ENEC rates for the recovery of $ 321 million of ENEC under-recovered costs as of February 28, 2023 over a ten-year period, plus a 4 % debt carrying charge rate. In July 2024, intervenors and staff filed testimony with the WVPSC, which did not recommend any disallowances. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In April 2024, the Companies submitted their annual ENEC update filing with the WVPSC proposing a $ 58 million annual increase in ENEC rates when compared to existing ENEC rates. The Companies proposed that this ENEC rate change would: (a) become effective September 1, 2024, (b) include a $ 20 million annual increase in ENEC rates related to the period ending February 29, 2024 and the forecast period September 2024 through August 2025 and (c) include a $ 38 million annual increase in ENEC rates for the recovery of $ 321 million of ENEC under-recovered costs as of February 28, 2023 over a ten-year period, plus a 4 % debt carrying charge rate. In July 2024, intervenors and staff filed testimony with the WVPSC, which did not recommend any disallowances. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> In April 2024, the Companies submitted their annual ENEC update filing with the WVPSC proposing a $ 58 million annual increase in ENEC rates when compared to existing ENEC rates. The Companies proposed that this ENEC rate change would: (a) become effective September 1, 2024, (b) include a $ 20 million annual increase in ENEC rates related to the period ending February 29, 2024 and the forecast period September 2024 through August 2025 and (c) include a $ 38 million annual increase in ENEC rates for the recovery of $ 321 million of ENEC under-recovered costs as of February 28, 2023 over a ten-year period, plus a 4 % debt carrying charge rate. In July 2024, intervenors and staff filed testimony with the WVPSC, which did not recommend any disallowances. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In April 2024, the Companies submitted their annual ENEC update filing with the WVPSC proposing a $ 58 million annual increase in ENEC rates when compared to existing ENEC rates. The Companies proposed that this ENEC rate change would: (a) become effective September 1, 2024, (b) include a $ 20 million annual increase in ENEC rates related to the period ending February 29, 2024 and the forecast period September 2024 through August 2025 and (c) include a $ 38 million annual increase in ENEC rates for the recovery of $ 321 million of ENEC under-recovered costs as of February 28, 2023 over a ten-year period, plus a 4 % debt carrying charge rate. In July 2024, intervenors and staff filed testimony with the WVPSC, which did not recommend any disallowances. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> In April 2024, the Companies submitted their annual ENEC update filing with the WVPSC proposing a $ 58 million annual increase in ENEC rates when compared to existing ENEC rates. The Companies proposed that this ENEC rate change would: (a) become effective September 1, 2024, (b) include a $ 20 million annual increase in ENEC rates related to the period ending February 29, 2024 and the forecast period September 2024 through August 2025 and (c) include a $ 38 million annual increase in ENEC rates for the recovery of $ 321 million of ENEC under-recovered costs as of February 28, 2023 over a ten-year period, plus a 4 % debt carrying charge rate. In July 2024, intervenors and staff filed testimony with the WVPSC, which did not recommend any disallowances. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In August 2024, the WVPSC issued an order approving the requested $ 38 million annual increase effective September 1, 2024. The WVPSC will address the proposed additional $ 20 million annual increase in ENEC rates in a future order. If any costs included in the future filing are not approved for recovery, it could reduce future net income and cash flows and impact financial condition. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> In August 2024, the WVPSC issued an order approving the requested $ 38 million annual increase effective September 1, 2024. The WVPSC will address the proposed additional $ 20 million annual increase in ENEC rates in a future order. If any costs included in the future filing are not approved for recovery, it could reduce future net income and cash flows and impact financial condition. </context> | us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount |
In August 2024, the WVPSC issued an order approving the requested $ 38 million annual increase effective September 1, 2024. The WVPSC will address the proposed additional $ 20 million annual increase in ENEC rates in a future order. If any costs included in the future filing are not approved for recovery, it could reduce future net income and cash flows and impact financial condition. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> In August 2024, the WVPSC issued an order approving the requested $ 38 million annual increase effective September 1, 2024. The WVPSC will address the proposed additional $ 20 million annual increase in ENEC rates in a future order. If any costs included in the future filing are not approved for recovery, it could reduce future net income and cash flows and impact financial condition. </context> | us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount |
In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. | text | 95 | monetaryItemType | text: <entity> 95 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. | text | 10.8 | percentItemType | text: <entity> 10.8 </entity> <entity type> percentItemType </entity type> <context> In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. </context> | us-gaap:PublicUtilitiesRequestedReturnOnEquityPercentage |
In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. | text | 51 | percentItemType | text: <entity> 51 </entity> <entity type> percentItemType </entity type> <context> In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. </context> | us-gaap:PublicUtilitiesRequestedDebtCapitalStructurePercentage |
In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. | text | 49 | percentItemType | text: <entity> 49 </entity> <entity type> percentItemType </entity type> <context> In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. </context> | us-gaap:PublicUtilitiesRequestedEquityCapitalStructurePercentage |
In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. | text | 64 | monetaryItemType | text: <entity> 64 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> In March 2024, APCo filed a request with the Virginia SCC for a $ 95 million annual increase in base rates based upon a proposed 10.8 % ROE and a proposed capital structure of 51 % debt and 49 % common equity. The requested increase in base rates is primarily due to incremental rate base, proposed capital structure changes including an increase in ROE and proposed increases in distribution and generation operation and maintenance expenses. In September 2024, a hearing was held where APCo updated its requested increase in base rates to $ 64 million consistent with its rebuttal positions or, alternatively, an increase of $ 45 million if annual environmental compliance consumable expenses are moved from base rates to recovery through APCo’s environmental rate adjustment clause. </context> | us-gaap:PublicUtilitiesRequestedRateIncreaseDecreaseAmount |
In November 2024, the Virginia SCC issued a final order approving an annual base rate increase of $ 10 million, effective January 2025, based on a 9.75 % ROE. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> In November 2024, the Virginia SCC issued a final order approving an annual base rate increase of $ 10 million, effective January 2025, based on a 9.75 % ROE. </context> | us-gaap:PublicUtilitiesApprovedRateIncreaseDecreaseAmount |
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