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Notes Payable | 6 Months Ended
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Jun. 30, 2016
Notes Payable.. |
Debt instrument |
Debt | 8. Notes Payable Our senior unsecured notes and bonds consist of the following, sorted by maturity date (dollars in millions):
|  | June 30, |  | December 31, |
|  | 2016 |  | 2015 |
5.950% notes, issued in September 2006 and due in September 2016 |  | $ | 275 |  | $ | 275 |
5.375% notes, issued in September 2005 and due in September 2017 |  | 175 |  | 175 |
2.000% notes, issued in October 2012 and due in January 2018 |  | 350 |  | 350 |
6.750% notes, issued in September 2007 and due in August 2019 |  | 550 |  | 550 |
5.750% notes, issued in June 2010 and due in January 2021 |  | 250 |  | 250 |
3.250% notes, issued in October 2012 and due in October 2022 |  | 450 |  | 450 |
4.650% notes, issued in July 2013 and due in August 2023 |  | 750 |  | 750 |
3.875% notes, issued in June 2014 and due in July 2024 |  | 350 |  | 350 |
4.125% notes, issued in September 2014 and due in October 2026 |  | 250 |  | 250 |
5.875% bonds, $100 issued in March 2005 and $150 issued in June 2011, both due in March 2035 |  | 250 |  | 250 |
Total principal amount |  | 3,650 |  | 3,650 |
Unamortized original issuance discounts and deferred financing costs |  | (30 | ) | (32 | )
|  | $ | 3,620 |  | $ | 3,618 |
The following table summarizes the maturity of our notes and bonds payable as of June 30, 2016, excluding unamortized original issuance discounts and deferred financing costs (dollars in millions):
Year of Maturity |  | Principal |
2016 |  | $ | 275 |
2017 |  | 175 |
2018 |  | 350 |
2019 |  | 550 |
2020 |  | - |
Thereafter |  | 2,300 |
Totals |  | $ | 3,650 |
As of June 30, 2016, the weighted average interest rate on our notes and bonds payable was 4.7% and the weighted average remaining years until maturity was 6.0 years. In September 2016, we expect to repay our $275 million 5.95% notes.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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