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Long-Term Debt (Tables) | 12 Months Ended
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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 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644 + Details
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