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v3.20.1

Short-term Borrowings and Long-term Debt (Tables) | 3 Months Ended
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Mar. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Short-term Borrowings and Long-term Debt |
Short-term Borrowings |  | 3/31/2020 |  | 12/31/2019 |
Current maturities of long-term debt |  | $ | 440 |  |  | $ | 437 |
Other |  | 17 |  |  | 4 |
|  | 457 |  |  | 441 |
Less current portion of debt issuance costs and discounts |  | (10 | ) |  | (10 | )
Short-term borrowings |  | $ | 447 |  |  | $ | 431 |
Long-term Debt |  |  |  |
Securitization Notes |  | $ | 2,891 |  |  | $ | 2,898 |
Subsidiary Senior Unsecured Notes |  | 2,850 |  |  | 2,850 |
Revolving Facility |  | 950 |  |  | — |
Term Loan A Facility |  | 456 |  |  | 463 |
Term Loan B Facility |  | 1,931 |  |  | 1,935 |
YUM Senior Unsecured Notes |  | 2,425 |  |  | 2,425 |
Other |  | 10 |  |  | — |
Finance lease obligations |  | 67 |  |  | 77 |
|  | $ | 11,580 |  |  | $ | 10,648 |
Less debt issuance costs and discounts |  | (81 | ) |  | (80 | )
Less current maturities of long-term debt |  | (440 | ) |  | (437 | )
Long-term debt |  | $ | 11,059 |  |  | $ | 10,131 |
The following table presents the carrying value and estimated fair value of the Company’s debt obligations:
| 3/31/2020 |  | 12/31/2019
| Carrying Value |  | Fair Value (Level 2) |  | Carrying Value |  | Fair Value (Level 2)
Securitization Notes(a) | $ | 2,891 |  |  | $ | 2,771 |  |  | $ | 2,898 |  |  | $ | 3,040 |
Subsidiary Senior Unsecured Notes(b) | 2,850 |  |  | 2,829 |  |  | 2,850 |  |  | 3,004 |
Term Loan A Facility(b) | 456 |  |  | 421 |  |  | 463 |  |  | 464 |
Term Loan B Facility(b) | 1,931 |  |  | 1,792 |  |  | 1,935 |  |  | 1,949 |
YUM Senior Unsecured Notes(b) | 2,425 |  |  | 2,350 |  |  | 2,425 |  |  | 2,572 |
(a) | We estimated the fair value of the Securitization Notes by obtaining broker quotes from two separate brokerage firms that are knowledgeable about and, at times, trade these notes. The markets in which the Securitization Notes trade are not considered active markets.
(b) We estimated the fair value of the YUM and Subsidiary Senior Unsecured Notes, Term Loan A Facility, and Term Loan B Facility using market quotes and calculations based on market rates.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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