XML 33 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt and Credit Facilities | 6 Months Ended
--- | ---
Jun. 30, 2020
Debt Disclosure [Abstract] |
Debt and Credit Facilities | DEBT AND CREDIT FACILITIES Senior Unsecured Notes The following table summarizes our borrowings under our senior unsecured notes (in millions):
|  |  |  |  |  | Carrying Amount |  |
Issue Date |  | Maturity Date |  | Interest Rate |  | June 30, 2020 |  | December 31, 2019
November 2014 |  | February 2020 |  | 2.35% |  | $ | — |  |  | $ | 500 |
September 2015 |  | September 2020 |  | 2.55% |  | 2,000 |  |  | 1,999 |
March 2011 |  | April 2021 |  | 4.50% |  | 999 |  |  | 998 |
December 2011 |  | December 2021 |  | 4.40% |  | 1,249 |  |  | 1,248 |
September 2016 |  | March 2022 |  | 1.95% |  | 499 |  |  | 499 |
September 2015 |  | September 2022 |  | 3.25% |  | 998 |  |  | 998 |
September 2016 |  | September 2023 |  | 2.50% |  | 747 |  |  | 747 |
March 2014 |  | April 2024 |  | 3.70% |  | 1,745 |  |  | 1,745 |
November 2014 |  | February 2025 |  | 3.50% |  | 1,746 |  |  | 1,746 |
September 2015 |  | March 2026 |  | 3.65% |  | 2,735 |  |  | 2,734 |
September 2016 |  | March 2027 |  | 2.95% |  | 1,246 |  |  | 1,245 |
September 2015 |  | September 2035 |  | 4.60% |  | 991 |  |  | 991 |
September 2016 |  | September 2036 |  | 4.00% |  | 741 |  |  | 741 |
December 2011 |  | December 2041 |  | 5.65% |  | 996 |  |  | 995 |
March 2014 |  | April 2044 |  | 4.80% |  | 1,734 |  |  | 1,734 |
November 2014 |  | February 2045 |  | 4.50% |  | 1,732 |  |  | 1,731 |
September 2015 |  | March 2046 |  | 4.75% |  | 2,218 |  |  | 2,217 |
September 2016 |  | March 2047 |  | 4.15% |  | 1,726 |  |  | 1,725 |
Total debt, net |  |  |  |  |  | 24,102 |  |  | 24,593 |
Less: current portion |  |  |  |  |  | 2,999 |  |  | 2,499 |
Total long-term debt, net |  |  |  |  |  | $ | 21,103 |  |  | $ | 22,094 |
In February 2020, we repaid $500 million of our senior unsecured notes upon maturity. We are required to comply with certain covenants under our note indentures governing our senior notes. As of June 30, 2020, we were not in violation of any covenants. Credit Facilities In June 2020, we terminated our $2.5 billion revolving credit facility maturing in May 2021 (the “2016 Revolving Credit Facility”) and entered into a new $2.5 billion revolving credit facility maturing in June 2025 (the “2020 Revolving Credit Facility”), which has terms substantially similar to the 2016 Revolving Credit Facility. The 2020 Revolving Credit Facility can be used for working capital requirements and for general corporate purposes, including, without limitation, acquisitions. As of June 30, 2020 and December 31, 2019, there were no amounts outstanding under these revolving credit facilities. The 2020 Revolving Credit Facility contains customary representations, warranties, affirmative and negative covenants and events of default. At June 30, 2020, we were not in violation of any covenants. Loans under the 2020 Revolving Credit Facility bear interest at either (i) the Eurodollar Rate plus the Applicable Percentage, or (ii) the Base Rate plus the Applicable Percentage, each as defined in the 2020 Revolving Credit Facility agreement. We may terminate or reduce the commitments, and may prepay any loans under the new credit facility in whole or in part at any time without premium or penalty.

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration