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Notes Payable (Tables) - Notes and bonds payable | 12 Months Ended
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Dec. 31, 2020
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, 2020 |  | December 31, 2019
5.750% notes, issued in June 2010 and due in January 2021 |  | $ | — |  |  | $ | 250 |
3.250% notes, $450 issued in October 2012 and $500 issued in December 2017, both due in October 2022 (1) |  | 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 in April 2018 and due in April 2025 |  | 500 |  |  | 500 |
0.750% notes, issued December 2020 and due in March 2026 |  | 325 |  |  | — |
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 |  |  | 500 |
1.625% notes, issued in October 2020 and due December 2030 (2) |  | 547 |  |  | — |
3.250% notes, $600 issued in May 2020 and $350 issued in July 2020, both due in January 2031 |  | 950 |  |  | — |
1.800% notes, issued in December 2020 and due in March 2033 |  | 400 |  |  | — |
2.730% notes, issued in May 2019 and due in May 2034 (2) |  | 431 |  |  | 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 |  | 8,303 |  |  | 6,318 |
Unamortized net original issuance premiums and deferred financing costs |  | (35) |  |  | (30) |
|  | $ | 8,268 |  |  | $ | 6,288 |
(1) In January 2021, we completed the early redemption of all $950.0 million in principal. See note 19, Subsequent Events. (2) Represents the principal balance (in U.S. dollars) of the October 2020 Sterling-denominated note offering and May 2019 Sterling-denominated private placement of £400.0 million and £315.0 million, respectively, converted at the applicable exchange rate on December 31, 2020.
Schedule of maturity of debt, net | The following table summarizes the maturity of our notes and bonds payable as of December 31, 2020, excluding unamortized net original issuance premiums of $14.6 million and deferred financing costs of $49.2 million (dollars in millions):
Year of Maturity |  | Principal
2022 (1) |  | $ | 950 |
2023 |  | 750 |
2024 |  | 350 |
2025 |  | 500 |
Thereafter |  | 5,753 |
Totals |  | $ | 8,303 |
(1) In January 2021, we completed the early redemption of all $950.0 million in principal. See note 19, Subsequent Events.
Schedule of notes and bonds issued during the year | During the three year period ended December 31, 2020 we issued the following notes and bonds (in millions):
2020 Issuances |  | Date of Issuance |  | Maturity date |  | Principal amount issued |  | Price of par value |  | Effective yield to maturity
3.250% notes (1) |  | May 2020 |  | January 2031 |  | $600 |  | 98.99 | % |  | 3.36%
3.250% notes (1) |  | July 2020 |  | January 2031 |  | $350 |  | 108.24 | % |  | 2.34%
1.625% notes |  | October 2020 |  | December 2030 |  | £400 |  | 99.19 | % |  | 1.71%
0.750% notes |  | December 2020 |  | March 2026 |  | $325 |  | 99.19 | % |  | 0.91%
1.800% notes |  | December 2020 |  | March 2033 |  | $400 |  | 98.47 | % |  | 1.94%
2019 Issuances |  |  |  |  |  |  |  |  |  |
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 Issuance |  |  |  |  |  |  |  |  |  |
3.875% notes |  | April 2018 |  | April 2025 |  | $500 |  | 99.50 | % |  | 3.96%
(1) In July 2020, we issued $350.0 million of 3.250% senior unsecured notes due January 2031 (the "2031 Notes"), which constituted a further issuance of, and formed a single series with, the $600.0 million of 2031 Notes issued in May 2020.

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