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Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Long-term Debt

Long-term debt as of March 31, 2019 and December 31, 2018, consisted of the following (in millions):

	March 31,				December 31,
	2019				2018
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")	561				572
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")	391				382
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")	561				572
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				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				600
Revolving Credit Facility (1)	88				208
Other	64				34
	8,615				8,718
Current portion of long-term debt	(53		)		(48		)
Long-term debt, excluding current portion	$	8,562			$	8,670

(1) 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 March 31, 2019, the weighted-average interest rate on the Revolving Credit Facility, excluding fees, was 3.66%.

Principal Maturities of Long-term Debt

The following summarizes the aggregate maturities of our long-term debt and other financing obligations based on stated contractual maturities, excluding the fair value of the interest rate swap and net unamortized non-cash bond premiums and discounts of $32 million, as of March 31, 2019 (in millions):

		Total
2019		$	46
2020		1,196
2021		1,355
2022		701
2023		793
Thereafter		4,611
Total principal payments		8,702
Debt issuance costs, net of accumulated amortization		(55		)
Total long-term debt		$	8,647

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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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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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