XML 44 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Long-term Debt
Long-term debt as of June 30, 2018 and December 31, 2017, consisted of the following (in millions):
 
June 30,
 
December 31,
 
2018
 
2017
Senior Notes due April 2018, interest payable semi-annually at 2.000% (1)

 
250

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

 
750

Senior Notes due October 2020, interest payable semi-annually at 3.625% ("2020 Notes")
1,150

 
1,150

Senior Euro Notes due January 2021, interest payable annually at 0.400% ("2021 Euro Notes")
584

 
599

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

 
750

Senior GBP Notes due June 2022, interest payable annually at 1.700% ("2022 GBP Notes")
396

 
405

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

 
300

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

 
700

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

 
400

Senior Euro Notes due July 2024, interest payable annually at 1.100% ("2024 Euro Notes")
584

 
599

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

 
900

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

 
1,250

Senior Notes due May 2028, interest payable semi-annually at 4.250% ("2028 Notes")
400

 

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

 
500

Senior Notes due May 2048, interest payable semi-annually at 4.750% ("2048 Notes")
600

 

Revolving Loan (2)
410

 
195

Other
(32
)
 
15

 
8,892

 
8,763

Current portion
(38
)
 
(1,045
)
Long-term debt, excluding current portion
$
8,854

 
$
7,718


(1)
These Senior Notes were repaid on April 13, 2018 with borrowings on the Revolving Loan.
(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 June 30, 2018, the weighted average interest rate on the Revolving Loan, excluding fees, was 3.22%.
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 discounts of $42 million, as of June 30, 2018 (in millions).

 
 
Total
2018
 
$
20

2019
 
34

2020
 
1,163

2021
 
1,744

2022
 
696

Thereafter
 
5,334

Total principal payments
 
8,991

Debt issuance costs, net of accumulated amortization
 
(57
)
Total long-term debt
 
$
8,934