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Debt and Credit Facilities | 9 Months Ended
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Sep. 30, 2017
Long-term Debt, Unclassified [Abstract] |
Debt And Credit Facilities | DEBT AND CREDIT FACILITIES In January 2017 we issued $500 of senior unsecured notes with an interest rate of 1.800% due on January 15, 2019. Our commercial paper program allows us to have a maximum of $1,500 in commercial paper outstanding with maturities up to 397 days from the date of issuance. On September 30, 2017 there were no amounts outstanding under our commercial paper program. We have lines of credit issued by various financial institutions that are available to fund our day-to-day operating needs. Certain of our credit facilities require us to comply with financial and other covenants. We were in compliance with all covenants on September 30, 2017.
Summary of Total Debt
Senior unsecured notes: |  | September 2017 | December 2016
| Rate |  | Due |  |  |
| 1.300% |  | April 1, 2018 |  | $ | 599 |  | $ | 598 |
| 1.800% |  | January 15, 2019 |  | 499 |  | — |
| 2.000% |  | March 8, 2019 |  | 747 |  | 746 |
| 4.375% |  | January 15, 2020 |  | 498 |  | 497 |
| 2.625% |  | March 15, 2021 |  | 746 |  | 745 |
| 3.375% |  | May 15, 2024 |  | 603 |  | 602 |
| 3.375% |  | November 1, 2025 |  | 745 |  | 744 |
| 3.500% |  | March 15, 2026 |  | 988 |  | 987 |
| 4.100% |  | April 1, 2043 |  | 391 |  | 391 |
| 4.375% |  | May 15, 2044 |  | 394 |  | 395 |
| 4.625% |  | March 15, 2046 |  | 980 |  | 979 |
Commercial paper |  | — |  | 200 |
Other |  | 35 |  | 30 |
Total debt |  | $ | 7,225 |  | $ | 6,914 |
Less current maturities |  | 632 |  | 228 |
Total long-term debt |  | $ | 6,593 |  | $ | 6,686 |
Unamortized debt issuance costs | $ | 41 |  | $ | 45 |
Available borrowing capacity | $ | 1,542 |  | $ | 1,551 |
Fair value of debt |  | $ | 7,446 |  | $ | 6,762 |
The fair value of the debt (excluding the interest rate hedge) was estimated using quoted interest rates, maturities and amounts of borrowings based on quoted active market prices and yields that took into account the underlying terms of the debt instruments. Substantially all of our debt is classified within Level 2 of the fair value hierarchy.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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- References No definition available. + Details
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