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Debt (Tables) | 6 Months Ended
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Jun. 30, 2019
Debt Disclosure [Abstract] |
Long-term Debt | Long-term debt as of June 30, 2019 and December 31, 2018, consisted of the following (in millions):
| June 30, |  | 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") | 569 |  |  | 572 |
Senior Euro Floating Rate Notes due May 2021, interest payable quarterly ("Floating Rate Notes") (1) | 569 |  |  | — |
Senior Euro Notes due May 2021, interest payable annually at 0.125% ("May 2021 Euro Notes") | 569 |  |  | — |
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") | 381 |  |  | 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 Euro Notes due May 2023, interest payable annually at 0.750% ("2023 Euro Notes") | 1,421 |  |  | — |
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") | 569 |  |  | 572 |
Senior GBP Notes due May 2025, interest payable annually at 2.602% ("2025 GBP Notes") | 794 |  |  | — |
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 Euro Notes due May 2027, interest payable annually at 1.500% ("2027 Euro Notes") | 1,421 |  |  | — |
Senior Notes due May 2028, interest payable semi-annually at 4.250% ("2028 Notes") | 400 |  |  | 400 |
Senior Notes due May 2029, interest payable semi-annually at 3.750% ("2029 Notes") | 1,000 |  |  | — |
Senior Euro Notes due May 2030, interest payable annually at 2.000% ("2030 Euro Notes") | 1,137 |  |  | — |
Senior GBP Notes due May 2031, interest payable annually at 3.360% ("2031 GBP Notes") | 794 |  |  | — |
Senior Euro Notes due May 2039, interest payable annually at 2.950% ("2039 Euro Notes") | 569 |  |  | — |
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 (2) | — |  |  | 208 |
Other | (8 | ) |  | 34 |
| 16,735 |  |  | 8,718 |
Current portion of long-term debt | (53 | ) |  | (48 | )
Long-term debt, excluding current portion | $ | 16,682 |  |  | $ | 8,670 |
(1) | As of June 30, 2019, the weighted-average interest rate of the Floating Rate Notes was 0.09%.
(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.
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 $33 million, as of June 30, 2019 (in millions):
|  | Total
2019 remaining period |  | $ | 26 |
2020 |  | 1,198 |
2021 |  | 2,502 |
2022 |  | 692 |
2023 |  | 2,130 |
Thereafter |  | 10,334 |
Total principal payments |  | 16,882 |
Debt issuance costs, net of accumulated amortization |  | (114 | )
Total long-term debt |  | $ | 16,768 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -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 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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