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Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2017
Debt |
Schedule of notes and bonds issued during the year | During the three year period ended December 31, 2017 we issued the following notes and bonds (dollars in millions):
2017 Issuances | Date of Issuance | Maturity date |  | Principal amount issued | Public offering price | Effective yield to maturity
4.125% notes | March 2017 | October 2026 (1) | $ | 400 | 102.98% | 3.75%
4.650% notes | March 2017 | March 2047 |  | 300 | 99.97% | 4.65%
3.250% notes | December 2017 | October 2022 (2) |  | 500 | 101.77% | 2.84%
3.650% notes | December 2017 | January 2028 |  | 550 | 99.78% | 3.68%
4.650% notes | December 2017 | March 2047 (3) |  | 250 | 105.43% | 4.32%
2016 Issuances |  |  |  |  |
3.000% notes | October 2016 | January 2027 | $ | 600 | 98.67% | 3.15%
(1) This issuance constitutes a further issuance of, and formed a single series with the senior notes due 2026 issued in September 2014. (2) This issuance constituted a further issuance of, and formed a single series with the senior notes due 2022 issued in October 2012. (3) This issuance constituted a further issuance of, and formed a single series with the senior notes due 2047 issued in March 2017.
Notes Payable |
Debt |
Schedule of Notes Payable | Our senior unsecured notes and bonds consist of the following, sorted by maturity date (dollars in millions):
|  | December 31, |  | December 31, |
|  | 2017 |  | 2016 |
5.375% notes, issued in September 2005 and due in September 2017 |  | $ | - |  | $ | 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 |
5.750% notes, issued in June 2010 and due in January 2021 |  | 250 |  | 250 |
3.250% notes, $450 issued in October 2012 and $500 issued in December 2017, both due in October 2022 |  | 950 |  | 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, $250 issued in September 2014 and $400 issued in March 2017, both due in October 2026 |  | 650 |  | 250 |
3.000% notes, issued in October 2016 and due in January 2027 |  | 600 |  | 600 |
3.650% notes, issued in December 2017 and due in January 2028 |  | 550 |  | - |
5.875% bonds, $100 issued in March 2005 and $150 issued in June 2011, both due in March 2035 |  | 250 |  | 250 |
4.650% notes, $300 issued in March 2017 and $250 issued in December 2017, both due in March 2047 |  | 550 |  | - |
Total principal amount |  | 5,250 |  | 3,975 |
Unamortized net original issuance premiums and deferred financing costs |  | (20 | ) | (41 | )
|  | $ | 5,230 |  | $ | 3,934 |
Schedule of maturity of debt, net | The following table summarizes the maturity of our notes and bonds payable as of December 31, 2017, excluding unamortized net original issuance premiums and deferred financing costs (dollars in millions):
Year of Maturity |  | Principal |
2018 |  | $ | 350 | (1)
2019 |  | - |
2020 |  | - |
2021 |  | 250 |
2022 |  | 950 |
Thereafter |  | 3,700 |
Totals |  | $ | 5,250 |
(1) In January 2018, we repaid all $350 million of outstanding 2.000% notes, plus accrued and unpaid interest.

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