Debt

3 Months Ended

Mar. 31, 2020

The Company’s debt consisted of the following:



(In millions)	March 31, 2020			December 31, 2019
Short-term and current maturities of long-term debt:
Lines of credit	$	157		$	150
Finance lease and other financing obligations	181			137
Total short-term and current maturities of long-term debt	$	338		$	287

Long-term debt:
2.7% senior notes due 2020	$	850		$	850
4.75% senior notes due 2021	400			400
3.5% senior notes due 2022	700			700
3.8% senior notes due 2023	1,000			1,000
0.375% senior notes due 2023	557			559
2.75% senior notes due 2024	2,000			2,000
3.85% senior notes due 2025	900			900
2.25% senior notes due 2025	654			687
3.2% senior notes due 2026	2,000			2,000
1.125% senior notes due 2027	557			559
4.2% senior notes due 2028	1,000			1,000
3.5% senior notes due 2029	3,000			3,000
1.625% senior notes due 2030	557			559
3.0% senior notes due 2031	654			687
4.4% senior notes due 2049	2,000			2,000
Receivable securitized loan	500			500
Term loan facility	1,750			3,950
Unamortized discount and deferred financing costs	(154		)	(160		)
Revolving credit facility	2,251			174
Finance lease and other financing obligations	454			247
Total long-term debt	$	21,630		$	21,612

The Company was in compliance with all financial debt covenants during the first quarter of 2020. Annual maturities of the Company’s total debt were as follows at March 31, 2020:



(In millions)
Year ending December 31,
Remainder of 2020	$	302
2021	556
2022	1,324
2023	4,774
2024	3,838
Thereafter	11,328
Total principal payments	22,122
Unamortized discount and deferred financing costs	(154		)
Total debt	$	21,968

The Company maintains an amended and restated revolving credit facility, which matures in September 2023, with aggregate commitments available for $3.5 billion of total capacity. At March 31, 2020, the 2.7% senior notes due in June 2020 were classified in the consolidated balance sheet as long-term and within the debt maturity schedule above as maturing in September 2023, the date that the Company’s revolving credit facility expires, as the Company has the intent to refinance this debt on a long-term basis and the ability to do so under its revolving credit facility.