XML 58 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
Long-term debt as of December 31, 2016 and 2015 consisted of the following (in millions):
 
2016
 
2015
2017 Term Loans (1)
$
—

 
$
1,300

2018 Term Loans (2)
550

 
1,500

Senior Notes due June 2017, interest payable semi-annually at 1.450%
300

 
300

Senior Notes due April 2018, interest payable semi-annually at 2.000%
250

 
250

Senior Notes due October 2018, interest payable semi-annually at 2.850%
750

 
750

Senior Notes due October 2020, interest payable semi-annually at 3.625%
1,750

 
1,750

Senior Notes due August 2021, interest payable semi-annually at 2.250%
750

 
—

Senior Notes due March 2022, interest payable semi-annually at 5.000%
700

 
700

Senior Notes due October 2022, interest payable semi-annually at 4.500%
500

 
500

Senior Notes due April 2023, interest payable semi-annually at 3.500%
1,000

 
1,000

Senior Notes due June 2024, interest payable semi-annually at 3.875%
700

 
700

Senior Notes due October 2025, interest payable semi-annually at 5.000%
1,500

 
1,500

Senior Notes due August 2026, interest payable semi-annually at 3.000%
1,250

 
—

Senior Notes due August 2046, interest payable semi-annually at 4.500%
500

 
—

Revolving Loan, (3)
36

 
1,250

Other
(58
)
 
(56
)
 
10,478

 
11,444

Current portion
(332
)
 
(15
)
Long-term debt, excluding current portion
$
10,146

 
$
11,429

__________________________________________
(1)
Interest on the 2017 Term Loans was generally payable at LIBOR plus an applicable margin of up to 1.75% based upon the Company's corporate credit ratings.
(2)
Interest on the 2018 Term Loans is generally payable at LIBOR plus an applicable margin of up to 1.75% based upon the Company's corporate credit ratings. As of December 31, 2016, the weighted average interest rate on the 2018 Term Loans was 1.87%.
(3)
Interest on the Revolving Loan is generally payable at LIBOR plus an applicable margin of up to 1.75% plus an unused commitment fee of up to 0.25%, each based upon the Company's corporate credit ratings. As of December 31, 2016, the weighted average interest rate on the Revolving Loan, excluding fees, was 1.75%.
Schedule of Principal Maturities of Long-term Debt
The following summarizes the aggregate maturities of our debt and capital leases on stated contractual maturities, excluding unamortized non-cash bond premiums and discounts of $36 million as of December 31, 2016 (in millions):

 
 
Total
2017
 
$
332

2018
 
1,564

2019
 
9

2020
 
1,750

2021
 
786

Thereafter
 
6,150

Total principal payments
 
10,591

Debt issuance costs, net of accumulated amortization
 
(77
)
Total long-term debt
 
10,514