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LONG-TERM DEBT (Tables)
 12 Months Ended
Dec. 31, 2018
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments
Long-term debt consisted of the following (in millions of dollars):
 
As of December 31,
 
2018
 
2017
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
4.60% senior notes due 2045
$
1,000

 
1,026

 
$
1,000

 
$
1,089

3.75% senior notes due 2046
400

 
357

 
400

 
384

4.20% senior notes due 2047
400

 
383

 
400

 
411

British pound term loan
174

 
174

 
195

 
195

Euro term loan
126

 
126

 
132

 
132

Canadian dollar revolving credit facility
44

 
44

 
99

 
99

Other
49

 
49

 
84

 
84

Subtotal
2,193

 
2,159

 
2,310

 
2,394

Less current maturities
(81
)
 
(81
)
 
(39
)
 
(39
)
Debt issuance costs and discounts, net of amortization
(22
)
 
(22
)
 
(23
)
 
(23
)
Long-term debt (less current maturities)
$
2,090

 
$
2,056

 
$
2,248

 
$
2,332
Schedule of Maturities of Long-term Debt
The scheduled aggregate principal payments related to long-term debt, excluding debt issuance costs, are due as follows (in millions of dollars):
Year
 
Payment Amount

2019
 
$
81

2020
 
182

2021
 
126

2022
 
4

2023
 
—

Thereafter
 
1,800

Total
 
$
2,193