XML 63 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Long Term Debt
Long-term debt as of December 31, 2017 and 2016 consisted of the following (in millions):
 
2017
 
2016
2018 Term Loans (1)
$
—

 
$
550

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

 
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%
1,150

 
1,750

Senior Euro Notes due January 2021, interest payable annually at 0.400%
599

 
—

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

 
750

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

 
700

Senior GBP Notes due June 2022, interest payable annually at 1.700%
405

 
—

Senior Notes due October 2022, interest payable semi-annually at 4.500%
300

 
500

Senior Notes due April 2023, interest payable semi-annually at 3.500%
700

 
1,000

Senior Notes due June 2024, interest payable semi-annually at 3.875%
400

 
700

Senior Euro Notes due July 2024, interest payable annually at 1.100%
599

 
—

Senior Notes due October 2025, interest payable semi-annually at 5.000%
900

 
1,500

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

 
1,250

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

 
500

Revolving Loan, (2)
195

 
36

Other
15

 
(58
)
 
8,763

 
10,478

Current portion
(1,045
)
 
(332
)
Long-term debt, excluding current portion
$
7,718

 
$
10,146

__________________________________________
(1)
Interest on the 2018 Term Loans was generally payable at LIBOR plus an applicable margin of up to 1.75% based upon the Company's corporate credit ratings. The outstanding balance on the 2018 Term Loans was repaid in full prior to December 31, 2017.
(2)
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, 2017, the weighted average interest rate on the Revolving Loan, excluding fees, was 2.64%.
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 net of $30 million as of December 31, 2017 (in millions):

 
 
Total
2018
 
$
1,045

2019
 
44

2020
 
1,157

2021
 
1,546

2022
 
705

Thereafter
 
4,349

Total principal payments
 
8,846

Debt issuance costs, net of accumulated amortization
 
(53
)
Total long-term debt
 
$
8,793