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Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

Long-term debt as of December 31, 2018 and 2017 consists of the following (in millions):

	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")	572				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")	382				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")	572				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 Credit Facility (2)	208				195
Other	34				15
	8,718				8,763
Current portion of long-term debt	(48		)		(1,045		)
Long-term debt, excluding current portion	$	8,670			$	7,718

__________________________________________

(1) These Senior Notes were repaid on April 13, 2018 with borrowings on the Revolving Credit Facility.

(2) Interest on the Revolving Credit Facility is generally payable at LIBOR plus an applicable margin of up to 1.625% plus an unused commitment fee of up to 0.225%, each based upon the Company's corporate credit ratings. As of December 31, 2018, the weighted-average interest rate on the Revolving Credit Facility, excluding fees, was 3.65%.

Schedule of Principal Maturities of Debt

The following summarizes the aggregate maturities of our long-term debt, capital leases, and other financing obligations based on stated contractual maturities, excluding net unamortized non-cash bond premiums and discounts of $40 million as of December 31, 2018 (in millions):

	Total
2019	$	48
2020	1,193
2021	1,363
2022	682
2023	908
Thereafter	4,622
Total principal payments	8,816
Debt issuance costs, net of accumulated amortization	(58		)
Total long-term debt	$	8,758

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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.

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