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Debt | 9 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Debt | Debt Our total debt, including short-term and long-term debt, consisted of the following as of September 30, 2019 and December 31, 2018 (in millions):
| As of September 30, 2019 |  | As of December 31, 2018
Debt: |  |  |
Short-term debt: |  |  |
Commercial Paper | $ | 1,318 |  |  | $ | 951 |
Other short-term debt | 11 |  |  | — |
Total short-term debt | 1,329 |  |  | 951 |
Long-term debt: |  |  |
2020 Senior Notes (2.75% senior unsecured notes due December 1, 2020) | 1,247 |  |  | 1,246 |
2022 Senior Notes (2.35% senior unsecured notes due September 15, 2022) | 497 |  |  | 496 |
2023 Senior Notes (3.45% senior unsecured notes due September 21, 2023) | 397 |  |  | 397 |
2023 Senior Notes (4.00% senior unsecured notes due October 15, 2023) | 794 |  |  | 793 |
2025 Senior Notes (3.75% senior unsecured notes due December 1, 2025) | 1,244 |  |  | 1,243 |
2027 Senior Notes (3.10% senior unsecured notes due September 15, 2027) | 496 |  |  | 496 |
2028 Senior Notes (3.75% senior unsecured notes due September 21, 2028) | 592 |  |  | 591 |
2048 Senior Notes (4.25% senior unsecured notes due September 21, 2048) | 1,229 |  |  | 1,228 |
Total long-term debt | 6,496 |  |  | 6,490 |
Total debt | $ | 7,825 |  |  | $ | 7,441 |
Credit Facilities We have a $3.4 billion senior unsecured revolving credit facility, or the Credit Facility, with a maturity date of August 9, 2023. The Credit Facility includes an option for us to propose an increase in the aggregate amount available for borrowing by up to $975 million, subject to the consent of the lenders funding the increase and certain other conditions. No amounts were outstanding under the Credit Facility as of September 30, 2019. As of September 30, 2019, of the $3.4 billion that is currently available for borrowing under the Credit Facility, $1.3 billion is required to back-stop the amount outstanding under our U.S. dollar commercial paper program, or the Commercial Paper Program, and $160 million is required to support certain broker-dealer subsidiary commitments. The amount required to back-stop the amounts outstanding under the Commercial Paper Program will fluctuate as we increase or decrease our commercial paper borrowings. The remaining $1.9 billion is available for working capital and general corporate purposes including, but not limited to, acting as a back-stop to future increases in the amounts outstanding under the Commercial Paper Program. During the nine months ended September 30, 2019, a subsidiary of ours entered into a new $20 million line of credit for their general corporate purposes. As of September 30, 2019, the subsidiary had borrowed $11 million, which is reflected as “other short-term debt” in the table above. Commercial Paper Program Our Commercial Paper Program is currently backed by the borrowing capacity available under the Credit Facility, as described above. The effective interest rate of commercial paper issuances does not materially differ from short-term interest rates (such as USD LIBOR) which fluctuate due to market conditions and as a result may impact our interest expense. During the nine months ended September 30, 2019, we had net issuances of $367 million under the Commercial Paper Program, the proceeds of which were used to fund the acquisition of Simplifile and for general corporate purposes. Commercial paper notes of $1.3 billion with original maturities ranging from one to 77 days were outstanding as of September 30, 2019 under our Commercial Paper Program, with a weighted average interest rate of 2.2% per annum and a weighted average maturity of 27 days.

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- 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
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