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Debt and Credit Facilities | 9 Months Ended
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Sep. 30, 2020
Long-term Debt, Unclassified [Abstract] |
Debt And Credit Facilities | DEBT AND CREDIT FACILITIES 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, 2020. 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, 2020 there were no amounts outstanding under our commercial paper program.
Summary of Total Debt | September 2020 |  | December 2019
Senior unsecured notes: |  |  |
| Rate |  | Due |  |  |
| 4.375% |  | January 15, 2020 | $ | — |  |  | $ | 500 |
| Variable |  | November 30, 2020 | 351 |  |  | 333 |
| 2.625% |  | March 15, 2021 | 750 |  |  | 749 |
| 1.125% |  | November 30, 2023 | 640 |  |  | 609 |
| 3.375% |  | May 15, 2024 | 590 |  |  | 587 |
| 0.250% |  | December 3, 2024 | 987 |  |  | 938 |
| 1.150% |  | June 15, 2025 | 644 |  |  | — |
| 3.375% |  | November 1, 2025 | 747 |  |  | 746 |
| 3.500% |  | March 15, 2026 | 992 |  |  | 991 |
| 2.125% |  | November 30, 2027 | 871 |  |  | 829 |
| 3.650% |  | March 7, 2028 | 596 |  |  | 596 |
| 0.750% |  | March 1, 2029 | 929 |  |  | 884 |
| 1.950% |  | June 15, 2030 | 988 |  |  | — |
| 2.625% |  | November 30, 2030 | 749 |  |  | 712 |
| 1.000% |  | December 3, 2031 | 865 |  |  | 823 |
| 4.100% |  | April 1, 2043 | 392 |  |  | 391 |
| 4.375% |  | May 15, 2044 | 395 |  |  | 395 |
| 4.625% |  | March 15, 2046 | 981 |  |  | 981 |
| 2.900% |  | June 15, 2050 | 641 |  |  | — |
Other | 19 |  |  | 26 |
Total debt | $ | 13,127 |  |  | $ | 11,090 |
Less current maturities of debt | 1,119 |  |  | 859 |
Total long-term debt | $ | 12,008 |  |  | $ | 10,231 |
| September 2020 |  | December 2019
Unamortized debt issuance costs | $ | 71 |  |  | $ | 58 |
Available secured borrowing capacity | $ | 2,904 |  |  | $ | 1,403 |
Fair value of senior unsecured notes | $ | 14,366 |  |  | $ | 11,910 |
The fair value of the senior unsecured notes 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. In January 2020 we repaid $500 of senior unsecured notes with a coupon of 4.375% that were due on January 15, 2020. On April 30, 2020 we amended our primary credit facility. The principal change was to increase the leverage ratio financial covenant from 3.5:1 to 4.5:1 at the end of each fiscal quarter ending on or prior to June 30, 2021. On April 30, 2020 we entered into a credit agreement that provides for up to $1,500 of borrowings in United States Dollars pursuant to a 364-day revolving credit facility, which matures on April 29, 2021 and is available for working capital and general corporate purposes. In June 2020 we issued $650 of senior unsecured notes with a fixed interest rate of 1.150% due on June 15, 2025, $1,000 of senior unsecured notes with a fixed interest rate of 1.950% due on June 15, 2030 and $650 of senior unsecured notes with a fixed interest rate of 2.900% due on June 15, 2050. The 2025 and 2030 notes are subject to a special mandatory redemption feature in which we will be required to redeem the notes in whole at a price equal to 101% of the aggregate principal amount plus accrued and unpaid interest if we do not consummate the Wright tender offer on or before February 4, 2021.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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