XML 66 R26.htm IDEA: XBRL DOCUMENT v3.19.2
Debt (Tables)
 6 Months Ended
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