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Long-Term Debt | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Long-Term Debt | NOTE 8 — LONG-TERM DEBT A summary of long-term debt at March 31, 2020 and December 31, 2019, including related interest rates at March 31, 2020, follows (dollars in millions):
|  | March 31, 2020 |  |  | December 31, 2019 |
Senior secured asset-based revolving credit facility (effective interest rate of 2.1%) |  | $ | 3,750 |  |  | $ | 2,480 |
Senior secured revolving credit facility (effective interest rate of 2.2%) |  |  | 170 |  |  |  | — |
Senior secured 364-day term loan facility |  |  | — |  |  |  | — |
Senior secured term loan facilities (effective interest rate of 3.0%) |  |  | 3,711 |  |  |  | 3,725 |
Senior secured notes (effective interest rate of 5.1%) |  |  | 13,850 |  |  |  | 13,850 |
Other senior secured debt (effective interest rate of 5.2%) |  |  | 686 |  |  |  | 654 |
Senior secured debt |  |  | 22,167 |  |  |  | 20,709 |
Senior unsecured notes (effective interest rate of 5.5%) |  |  | 12,952 |  |  |  | 13,252 |
Debt issuance costs and discounts |  |  | (258 | ) |  |  | (239 | )
Total debt (average life of 8.8 years, rates averaging 4.7%) |  |  | 34,861 |  |  |  | 33,722 |
Less amounts due within one year |  |  | 162 |  |  |  | 145 |
|  | $ | 34,699 |  |  | $ | 33,577 |
During February 2020, we issued $2.700 billion aggregate principal amount of 3.50% senior notes due 2030. During March 2020, we used the net proceeds for the redemption of all $1.000 billion outstanding aggregate principal amount of HCA Healthcare, Inc.’s 6.25% senior notes due 2021 and, together with available funds, for the redemption of all $2.000 billion outstanding aggregate principal amount of HCA Inc.’s 7.50% senior notes due 2022. The pretax loss on retirement of debt was $295 million. In response to the risks the COVID-19 pandemic presents to our business, during March 2020, we entered into a credit agreement that provides for a 364-day secured term loan facility for an aggregate principal amount of up to $2.000 billion. The facility will mature in March 2021. If drawn, amounts outstanding under the credit agreement will bear interest at either (i) the LIBOR rate plus 2.50% or (ii) an alternate base rate as defined in the credit agreement. As of March 31, 2020 there were no amounts outstanding nor draw notices pending under the facility.

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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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