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Long-Term Debt | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
Long-Term Debt | NOTE 7 — LONG-TERM DEBT A summary of long-term debt at March 31, 2023 and December 31, 2022, including related interest rates at March 31, 2023 follows (dollars in millions):
| March 31, 2023 |  |  | December 31, 2022 |
Senior secured asset-based revolving credit facility (effective interest rate of 6.1%) | $ | 4,140 |  |  | $ | 2,900 |
Senior secured revolving credit facility |  | — |  |  |  | — |
Senior secured term loan facilities (effective interest rate of 6.3%) |  | 1,369 |  |  |  | 1,880 |
Other senior secured debt (effective interest rate of 3.9%) |  | 990 |  |  |  | 953 |
Senior secured debt |  | 6,499 |  |  |  | 5,733 |
Senior unsecured notes (effective interest rate of 4.9%) |  | 32,652 |  |  |  | 32,652 |
Debt issuance costs and discounts |  | (295 | ) |  |  | (301 | )
Total debt (average life of 9.3 years, rates averaging 5.1%) |  | 38,856 |  |  |  | 38,084 |
Less amounts due within one year |  | 2,378 |  |  |  | 370 |
| $ | 36,478 |  |  | $ | 37,714 |
During January 2023, the availability under our senior secured revolving credit facility was increased by $1.500 billion to total $3.500 billion, the senior secured term loan B facility was fully retired and certain administrative updates were made to our credit agreements.

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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 https://asc.fasb.org/topic&trid=2208564 + Details
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