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Short-term Borrowings and Long-term Debt
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Short-term Borrowings and Long-term Debt Short-term Borrowings and Long-term Debt

Short-term Borrowings
 
9/30/2018
 
12/31/2017

Current maturities of long-term debt
 
$
301

 
$
386

Less current portion of debt issuance costs and discounts
 
(6
)
 
(11
)
Short-term borrowings
 
$
295

 
$
375

 
 
 
 
 
Long-term Debt
 
 
 
 
Securitization Notes
 
$
2,265

 
$
2,271

Subsidiary Senior Unsecured Notes
 
2,850

 
2,850

Revolving Facility
 
273

 
—

Term Loan A Facility
 
494

 
500

Term Loan B Facility
 
1,960

 
1,975

YUM Senior Unsecured Notes(a)
 
1,875

 
2,200

Capital lease obligations
 
80

 
105

 
 
$
9,797

 
$
9,901

Less debt issuance costs and discounts
 
(91
)
 
(86
)
Less current maturities of long-term debt
 
(301
)
 
(386
)
Long-term debt
 
$
9,405

 
$
9,429



(a)    During the first quarter of 2018, we repaid $325 million in YUM Senior Unsecured Notes that matured in March 2018.

Credit Agreement Repricing

On April 3, 2018, KFC Holding Co., Pizza Hut Holdings, LLC, a limited liability company, and Taco Bell of America, LLC, a limited liability company, as co-borrowers (collectively, the “Borrowers”), each of which is a wholly-owned subsidiary of the Company, completed the repricing of the then existing $1.97 billion under the Term Loan B Facility pursuant to an amendment to the Credit Agreement (as defined in our 2017 Form 10-K). The amendment reduces the interest rate applicable to the Term Loan
B Facility by 25 basis points to adjusted LIBOR plus 1.75% or Base Rate plus 0.75%, at the Borrowers’ election, and extends the maturity date for the Term Loan B Facility by 2 years to April 3, 2025. All other material provisions under the Credit Agreement remained unchanged as a result of this amendment.

Details of our short-term borrowings and long-term debt as of December 31, 2017 can be found within our 2017 Form 10-K. Cash paid for interest during the years to date ended September 30, 2018 and 2017 was $300 million and $275 million, respectively.