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Long-Term Debt | 9 Months Ended
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Sep. 30, 2018
Debt Disclosure [Abstract] |
Long-Term Debt | NOTE 8 — LONG-TERM DEBT A summary of long-term debt at September 30, 2018 and December 31, 2017, including related interest rates at September 30, 2018, follows (dollars in millions):
|  | September 30, 2018 |  |  | December 31, 2017 |
Senior secured asset-based revolving credit facility (effective interest rate of 3.7%) |  | $ | 3,350 |  |  | $ | 3,680 |
Senior secured revolving credit facility |  |  | — |  |  |  | — |
Senior secured term loan facilities (effective interest rate of 3.6%) |  |  | 3,825 |  |  |  | 3,891 |
Senior secured notes (effective interest rate of 5.6%) |  |  | 13,800 |  |  |  | 15,300 |
Other senior secured debt (effective interest rate of 5.8%) |  |  | 543 |  |  |  | 599 |
Senior secured debt |  |  | 21,518 |  |  |  | 23,470 |
Senior unsecured notes (effective interest rate of 6.3%) |  |  | 11,752 |  |  |  | 9,752 |
Net debt issuance costs |  |  | (163 | ) |  |  | (164 | )
Total debt (average life of 6.6 years, rates averaging 5.4%) |  |  | 33,107 |  |  |  | 33,058 |
Less amounts due within one year |  |  | 191 |  |  |  | 200 |
|  | $ | 32,916 |  |  | $ | 32,858 |
During August 2018, we issued $2.000 billion aggregate principal amount of senior notes comprised of $1.000 billion aggregate principal amount of 5.375% notes due 2026 and $1.000 billion aggregate principal amount of 5.625% notes due 2028. We used the net proceeds for general corporate purposes, including funding the purchase of a hospital, and the redemption of all $1.500 billion aggregate principal amount of our existing 3.750% senior secured notes maturing in March 2019. The pretax loss on retirement of debt was $9 million.

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- Definition The entire disclosure for long-term debt. + 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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