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Notes Payable (Tables) - Notes and bonds payable
 12 Months Ended
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, 2020December 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 amount8,303 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 MaturityPrincipal
2022 (1)
$950 
2023750 
2024350 
2025500 
Thereafter5,753 
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 IssuancesDate of
Issuance		Maturity datePrincipal
amount
issued		Price of par valueEffective yield to
maturity
3.250% notes (1)
May 2020January 2031$60098.99 %3.36%
3.250% notes (1)
July 2020January 2031$350108.24 %2.34%
1.625% notes
October 2020December 2030£40099.19 %1.71%
0.750% notes
December 2020March 2026$32599.19 %0.91%
1.800% notes
December 2020March 2033$40098.47 %1.94%
2019 Issuances
2.730% notes
May 2019May 2034£315100.00 %2.73%
3.250% notes
June 2019June 2029$50099.36 %3.33%
2018 Issuance
3.875% notes
April 2018April 2025$50099.50 %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.