XML 26 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1

Debt and Credit Facilities

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Debt and Credit Facilities

DEBT AND CREDIT FACILITIES

The following table summarizes our borrowings under various financing arrangements (in millions):

								Carrying Amount
Type of Borrowing		Issue Date		Due Date		Interest Rate		March 31, 2018				December 31, 2017
Senior Unsecured		September 2015		September 2018		1.85%		$	999			$	999
Senior Unsecured		September 2017		September 2018		3-month LIBOR + 0.17%		749				749
Term Loan		October 2017		October 2018		Variable		—				999
Senior Unsecured		September 2017		March 2019		3-month LIBOR + 0.22%		749				748
Senior Unsecured		March 2014		April 2019		2.05%		499				499
Senior Unsecured		September 2017		September 2019		1.85%		997				997
Senior Unsecured		September 2017		September 2019		3-month LIBOR + 0.25%		499				499
Senior Unsecured		November 2014		February 2020		2.35%		499				499
Senior Unsecured		September 2015		September 2020		2.55%		1,994				1,994
Term Loan		October 2017		October 2020		Variable		—				998
Senior Unsecured		March 2011		April 2021		4.50%		996				995
Senior Unsecured		December 2011		December 2021		4.40%		1,247				1,246
Senior Unsecured		September 2016		March 2022		1.95%		498				497
Senior Unsecured		September 2015		September 2022		3.25%		996				996
Term Loan		October 2017		October 2022		Variable		—				2,497
Senior Unsecured		September 2016		September 2023		2.50%		745				745
Senior Unsecured		March 2014		April 2024		3.70%		1,743				1,742
Senior Unsecured		November 2014		February 2025		3.50%		1,744				1,744
Senior Unsecured		September 2015		March 2026		3.65%		2,729				2,729
Senior Unsecured		September 2016		March 2027		2.95%		1,244				1,244
Senior Unsecured		September 2015		September 2035		4.60%		990				990
Senior Unsecured		September 2016		September 2036		4.00%		740				740
Senior Unsecured		December 2011		December 2041		5.65%		995				995
Senior Unsecured		March 2014		April 2044		4.80%		1,733				1,733
Senior Unsecured		November 2014		February 2045		4.50%		1,730				1,730
Senior Unsecured		September 2015		March 2046		4.75%		2,215				2,215
Senior Unsecured		September 2016		March 2047		4.15%		1,724				1,723
Total debt, net								29,054				33,542
Less current portion								2,497				2,747
Total long-term debt, net								$	26,557			$	30,795

In March 2018, we fully repaid the $4.5 billion outstanding debt under our term loan facility credit agreement, at which time the term loan facility credit agreement terminated.

We are required to comply with certain covenants under our credit agreement and note indentures governing our senior notes. As of March 31, 2018, we were not in violation of any covenants. Additionally, as of March 31, 2018, there were no amounts outstanding under our revolving credit facility.

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20,22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DebtDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration