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Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

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

		December 31, 2019
				Weighted
				Average
		Interest		Interest				December 31,
		Rates		Rate		Maturities		2019				2018
Fixed Rate Notes
Senior USD Notes		3.00% - 5.00%		3.83%		2023 - 2048		$	4,938			$	6,950
Senior Euro Notes		0.13% - 2.95%		1.06%		2021 - 2039		8,694				1,144
Senior GBP Notes		1.70% - 3.36%		2.65%		2022 - 2031		2,440				382
Senior Euro Floating Rate Notes				0.00%		2021		561				—
Revolving Credit Facility (1)				2.80%		2023		600				208
Other								136				34
Total long-term debt, including current portion								17,369				8,718
Current portion of long-term debt								(140		)		(48		)
Long-term debt, excluding current portion								$	17,229			$	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. The weighted average interest rate on the Revolving Credit Facility excludes fees.

Schedule of Short-term Debt

Short-term borrowings as of December 31, 2019 and 2018, consists of the following (in millions):

	December 31, 2019
	Weighted
	Average
	Interest					December 31,
	Rate			Maturities		2019				2018
Euro-commercial paper notes ("ECP Notes")	(0.21	)%		Up to 183 days		$	2,523			$	—
U.S. commercial paper notes ("USCP Notes")	2.05	%		Up to 397 days		200				250
Other						100				17
Total Short-term borrowings						$	2,823			$	267

Schedule of Principal Maturities of Debt

The following summarizes the aggregate maturities of our long-term debt, including other financing obligations for certain hardware and software, based on stated contractual maturities, excluding the fair value of the interest rate swap discussed below and net unamortized non-cash bond premiums and discounts of $36 million as of December 31, 2019 (in millions):

	Total
2020	$	140
2021	1,743
2022	1,556
2023	2,729
2024	979
Thereafter	10,369
Total principal payments	17,516
Debt issuance costs, net of accumulated amortization	(111		)
Total long-term debt	$	17,405

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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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