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Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Schedule of debt, net of discounts and debt issuance costs

The Company’s debt consisted of the following:

(In millions)		June 30, 2020				December 31, 2019
Short-term and current maturities of long-term debt:
Lines of credit		$	149			$	150
Finance lease and other financing obligations		210				137
Total short-term and current maturities of long-term debt		$	359			$	287
Long-term debt:
2.7% senior notes due 2020		$	—			$	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		561				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		648				687
3.2% senior notes due 2026		2,000				2,000
1.125% senior notes due 2027		561				559
2.25% senior notes due 2027		1,000				—
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		561				559
2.65% senior notes due 2030		1,000				—
3.0% senior notes due 2031		648				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		(166		)		(160		)
Revolving credit facility		960				174
Finance lease and other financing obligations		492				247
Total long-term debt		$	21,515			$	21,612

Schedule of annual maturities of total debt

Annual maturities of the Company’s total debt were as follows at June 30, 2020:

(In millions)
Year ending December 31,
Remainder of 2020	$	285
2021	173
2022	1,351
2023	3,053
2024	3,846
Thereafter	13,332
Total principal payments	22,040
Unamortized discount and deferred financing costs	(166		)
Total debt	$	21,874

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ 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

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