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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | Long-term debt as of December 31, 2020 and 2019, consists of the following (in millions):
|  | December 31, 2020 |  |  |  |
|  |  |  | Weighted |  |  |  |  |  |
|  |  |  | Average |  |  |  |  |  |
|  | Interest |  | Interest |  |  |  | December 31,
|  | Rates |  | Rate |  | Maturities |  | 2020 |  | 2019
Fixed Rate Notes |  |  |  |  |  |  |  |  |  |
Senior USD Notes |  | 3.0% - 5.0% |  | 3.7% |  | 2023 - 2048 |  | $ | 4,938 |  |  | $ | 4,938 |
Senior Euro Notes |  | 0.1% - 3.0% |  | 1.1% |  | 2021 - 2039 |  | 8,891 |  |  | 8,694 |
Senior GBP Notes |  | 1.7% - 3.4% |  | 2.7% |  | 2022 - 2031 |  | 2,526 |  |  | 2,440 |
Senior Euro Floating Rate Notes |  |  |  | —% |  | 2021 |  | 613 |  |  | 561 |
Revolving Credit Facility (1) |  |  |  | 1.3% |  | 2023 |  | 251 |  |  | 600 |
Other |  |  |  |  |  |  |  | 46 |  |  | 136 |
Total long-term debt, including current portion |  |  |  |  |  | 17,265 |  |  | 17,369 |
Current portion of long-term debt |  |  |  |  |  |  |  | (1,314) |  |  | (140) |
Long-term debt, excluding current portion |  |  |  |  |  | $ | 15,951 |  |  | $ | 17,229 |
(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, 2020 and 2019, consist of the following (in millions):
| December 31, 2020 |  |  |  |
| Weighted |  |  |  |  |  |
| Average |  |  |  |  |  |
| Interest |  |  |  | December 31,
| Rate |  | Maturities |  | 2020 |  | 2019
Euro-commercial paper notes ("ECP Notes") | (0.3) | % |  | Up to 183 days |  | $ | 861 |  |  | $ | 2,523 |
U.S. commercial paper notes ("USCP Notes") | 0.4 | % |  | Up to 397 days |  | 1,745 |  |  | 200 |
Other |  |  |  |  | 144 |  |  | 100 |
Total Short-term borrowings |  |  |  |  | $ | 2,750 |  |  | $ | 2,823 |
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 swaps discussed below and net unamortized non-cash bond premiums and discounts of $29 million as of December 31, 2020 (in millions):
| Total
2021 | $ | 1,314 |
2022 | 1,669 |
2023 | 2,508 |
2024 | 1,020 |
2025 | 2,238 |
Thereafter | 8,634 |
Total principal payments | 17,383 |
Debt issuance costs, net of accumulated amortization | (89) |
Total long-term debt | $ | 17,294 |

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