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Long-Term Debt | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Long-Term Debt | NOTE 8 — LONG-TERM DEBT A summary of long-term debt at September 30, 2019 and December 31, 2018, including related interest rates at September 30, 2019, follows (dollars in millions):
|  | September 30, 2019 |  |  | December 31, 2018 |
Senior secured asset-based revolving credit facility (effective interest rate of 3.3%) |  | $ | 3,010 |  |  | $ | 3,040 |
Senior secured revolving credit facility |  |  | — |  |  |  | — |
Senior secured term loan facilities (effective interest rate of 3.5%) |  |  | 3,739 |  |  |  | 3,801 |
Senior secured notes (effective interest rate of 5.1%) |  |  | 13,850 |  |  |  | 13,800 |
Other senior secured debt (effective interest rate of 5.5%) |  |  | 638 |  |  |  | 585 |
Senior secured debt |  |  | 21,237 |  |  |  | 21,226 |
Senior unsecured notes (effective interest rate of 6.3%) |  |  | 13,252 |  |  |  | 11,752 |
Debt issuance costs and discounts |  |  | (244 | ) |  |  | (157 | )
Total debt (average life of 8.7 years, rates averaging 5.2%) |  |  | 34,245 |  |  |  | 32,821 |
Less amounts due within one year |  |  | 148 |  |  |  | 788 |
|  | $ | 34,097 |  |  | $ | 32,033 |
During January 2019, we issued $1.500 billion aggregate principal amount of senior unsecured notes comprised of $1.000 billion aggregate principal amount of 5.875% notes due 2029 and $500 million aggregate principal amount of 5.625% notes due 2028. We used the net proceeds to fund the purchase of a seven-hospital health system located in western North Carolina. During June 2019, we issued $5.000 billion aggregate principal amount of senior secured notes comprised of $2.000 billion aggregate principal amount of 4 1/8% notes due 2029, $1.000 billion aggregate principal amount of 5 1/8% notes due 2039 and $2.000 billion aggregate principal amount of 5 1/4% notes due 2049. During July 2019, we redeemed all $600 million outstanding aggregate principal amount of 4.250​​​​​​​% senior secured notes due 2019, all $3.000 billion outstanding aggregate principal amount of 6.500​​​​​​​% senior secured notes due 2020 and all $1.350 billion outstanding aggregate principal amount of 5.875% senior secured notes due 2022. The pretax loss on retirement of debt for these redemptions was $211 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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