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Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Summary of outstanding debt | The following is a summary of outstanding debt (in millions):
As of December 31 | 2019 |  | 2018
Commercial paper | $ | 112 |  |  | $ | 250 |
5.00% Senior Notes due September 2020 | 600 |  |  | 599 |
2.80% Senior Notes due March 2021 | 399 |  |  | 398 |
2.20% Senior Notes due November 2022 | 497 |  |  | — |
4.00% Senior Notes due November 2023 | 348 |  |  | 348 |
3.50% Senior Notes due June 2024 | 597 |  |  | 596 |
3.875% Senior Notes due December 2025 | 746 |  |  | 746 |
2.875% Senior Notes due May 2026 (EUR 500M) | 550 |  |  | 562 |
8.205% Junior Subordinated Notes due January 2027 | 521 |  |  | 521 |
4.50% Senior Notes due December 2028 | 346 |  |  | 347 |
3.75% Senior Notes due May 2029 | 744 |  |  | — |
6.25% Senior Notes due September 2040 | 296 |  |  | 296 |
4.25% Senior Notes due December 2042 | 199 |  |  | 198 |
4.45% Senior Notes due May 2043 | 246 |  |  | 246 |
4.60% Senior Notes due June 2044 | 544 |  |  | 544 |
4.75% Senior Notes due May 2045 | 593 |  |  | 592 |
Other | 1 |  |  | 1 |
Total debt | 7,339 |  |  | 6,244 |
Less: Short-term debt and current portion of long-term debt | 712 |  |  | 251 |
Total long-term debt | $ | 6,627 |  |  | $ | 5,993 |
Repayments of long-term debt | Repayments of total debt are as follows (in millions):
2020 | $ | 712 |
2021 | 400 |
2022 | 500 |
2023 | 350 |
2024 | 600 |
Thereafter | 4,882 |
Total Repayments | 7,444 |
Unamortized discounts, premiums, and debt issuance costs | (105 | )
Total Debt | $ | 7,339 |
Schedule of Commercial Paper | Commercial paper outstanding, which is included in Short-term debt and current portion of long-term debt in the Company’s Consolidated Statements of Financial Position, is as follows (in millions):
As of December 31 |  | 2019 |  | 2018
Commercial paper outstanding |  | $ | 112 |  |  | $ | 250 |
The weighted average commercial paper outstanding and its related interest rates are as follows (in millions, except percentages):
Years ended December 31 |  | 2019 |  | 2018
Weighted average commercial paper outstanding |  | $ | 511 |  |  | $ | 580 |
Weighted average interest rate of commercial paper outstanding |  | 0.27 | % |  | 0.84 | %

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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