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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of debt, net of discounts and debt issuance costs | The Company’s debt consisted of the following at December 31:
(In millions) |  | 2020 |  | 2019
Short-term and current maturities of long-term debt: |  |  |  |
Lines of credit |  | $ | 144 |  |  | $ | 150 |
Finance lease and other financing obligations |  | 240 |  |  | 137 |
Total short-term and current maturities of long-term debt |  | $ | 384 |  |  | $ | 287 |
Long-term debt: |  |  |  |
2.700% senior notes due June 2020 |  | $ | — |  |  | $ | 850 |
4.750% senior notes due June 2021 |  | 400 |  |  | 400 |
3.500% senior notes due October 2022 |  | 700 |  |  | 700 |
3.800% senior notes due October 2023 |  | 1,000 |  |  | 1,000 |
0.375% senior notes due July 2023 (Euro-denominated) |  | 612 |  |  | 559 |
2.750% senior notes due July 2024 |  | 2,000 |  |  | 2,000 |
3.850% senior notes due June 2025 |  | 900 |  |  | 900 |
2.250% senior notes due July 2025 (British Pound-denominated) |  | 709 |  |  | 687 |
3.200% senior notes due July 2026 |  | 2,000 |  |  | 2,000 |
2.250% senior notes due June 2027 |  | 1,000 |  |  | — |
1.125% senior notes due July 2027 (Euro-denominated) |  | 612 |  |  | 559 |
4.200% senior notes due October 2028 |  | 1,000 |  |  | 1,000 |
3.500% senior notes due July 2029 |  | 3,000 |  |  | 3,000 |
2.650% senior notes due June 2030 |  | 1,000 |  |  | — |
1.625% senior notes due July 2030 (Euro-denominated) |  | 612 |  |  | 559 |
3.000% senior notes due July 2031 (British Pound-denominated) |  | 709 |  |  | 687 |
4.400% senior notes due July 2049 |  | 2,000 |  |  | 2,000 |
Receivable securitized loan |  | 425 |  |  | 500 |
Term loan facility |  | 1,250 |  |  | 3,950 |
Unamortized discount and deferred financing costs |  | (155) |  |  | (160) |
Revolving credit facility |  | 22 |  |  | 174 |
Finance lease and other financing obligations |  | 504 |  |  | 247 |
Total long-term debt |  | $ | 20,300 |  |  | $ | 21,612 |
Schedule of annual maturities of total debt | Annual maturities of the Company’s total debt were as follows at December 31, 2020:
(In millions) |
Year Ending December 31, |
2021 | $ | 384 |
2022 | 1,323 |
2023 | 2,222 |
2024 | 3,329 |
2025 | 1,643 |
Thereafter | 11,938 |
Total principal payments | 20,839 |
Unamortized discount and deferred financing costs | (155) |
Total debt | $ | 20,684 |
Schedule of long-term debt instruments | Such offerings consisted of the following:
(In millions) | Interest Rates |  | Maturities |  | Aggregate Principal Amount
U.S. dollar denominated senior notes | 2.750% - 4.400% |  | July 2024 - 2049 |  | $ | 9,000 |
Euro denominated senior notes | 0.375% - 1.625% |  | July 2023 - 2030 |  | € | 1,500 |
British Pound denominated senior notes | 2.250% - 3.000% |  | July 2025 - 2031 |  | £ | 1,050 |

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