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Notes Payable (Tables) - Notes Payable | 12 Months Ended
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Dec. 31, 2019
Debt |
Schedule of unsecured notes and bonds | Our senior unsecured notes and bonds consist of the following, sorted by maturity date (dollars in millions):
|  | December 31, 2019 |  |  | December 31, 2018 |
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 |  |  | 950 |
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 |
3.875% notes, issued April 2018 and due in April 2025 |  | 500 |  |  | 500 |
4.125% notes, $250 issued in September 2014 and $400 issued in March 2017, both due in October 2026 |  | 650 |  |  | 650 |
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 |  |  | 550 |
3.250% notes, issued in June 2019 and due in June 2029 |  | 500 |  |  | — |
2.730% notes, issued in May 2019 and due in May 2034 (1) |  | 418 |  |  | — |
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 |  |  | 550 |
Total principal amount |  | 6,318 |  |  | 5,400 |
Unamortized net original issuance premiums and deferred financing costs |  | (30 | ) |  | (23 | )
|  | $ | 6,288 |  |  | $ | 5,377 |
(1) Represents the principal balance (in U.S. dollars) of the Sterling-denominated private placement of £315.0 million Sterling based on the applicable exchange rate on December 31, 2019.
Schedule of maturity of debt, net | The following table summarizes the maturity of our notes and bonds payable as of December 31, 2019, excluding unamortized net original issuance premiums and deferred financing costs (dollars in millions):
Year of Maturity |  | Principal |
2021 |  | $ | 250 |
2022 |  | 950 |
2023 |  | 750 |
2024 |  | 350 |
Thereafter |  | 4,018 |
Totals |  | $ | 6,318 |
Schedule of notes and bonds issued during the year | During the three year period ended December 31, 2019 we issued the following notes and bonds (in millions):
2019 Issuances |  | Date of Issuance |  | Maturity date |  | Principal amount issued |  | Price of par value |  | Effective yield to maturity
2.730% notes |  | May 2019 |  | May 2034 |  | £315 |  | 100.00 | % |  | 2.73%
3.250% notes |  | June 2019 |  | June 2029 |  | $500 |  | 99.36 | % |  | 3.33%
2018 Issuances |  |  |  |  |  |  |  |  |  |
3.875% notes |  | April 2018 |  | April 2025 |  | $500 |  | 99.50 | % |  | 3.96%
2017 Issuances |  |  |  |  |  |  |  |  |  |
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%
(1) This issuance constituted 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.

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