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Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Long-term debt | Long-term debt as of March 31, 2021, and December 31, 2020, consists of the following (in millions):
|  | March 31, 2021 |  |  |  |
|  |  |  | Weighted |  |  |  |  |  |
|  |  |  | Average |  |  |  |  |  |
|  | Interest |  | Interest |  |  |  | March 31, |  | December 31,
|  | Rates |  | Rate |  | Maturities |  | 2021 |  | 2020
Fixed Rate Notes |  |  |  |  |  |  |  |  |  |
Senior USD Notes |  | 0.4% - 4.8% |  | 1.9% |  | 2023 - 2048 |  | $ | 6,909 |  |  | $ | 4,938 |
Senior Euro Notes |  | 0.1% - 3.0% |  | 1.3% |  | 2022 - 2039 |  | 7,916 |  |  | 8,891 |
Senior GBP Notes |  | 1.7% - 3.4% |  | 1.5% |  | 2022 - 2031 |  | 1,686 |  |  | 2,526 |
Senior Euro Floating Rate Notes |  |  |  | 0.0% |  | 2021 |  | 523 |  |  | 613 |
Revolving Credit Facility (1) |  |  |  | —% |  | 2026 |  | — |  |  | 251 |
Other |  |  |  |  |  |  |  | (132) |  |  | 46 |
Total long-term debt, including current portion |  |  |  |  |  | 16,902 |  |  | 17,265 |
Current portion of long-term debt |  |  |  |  |  |  |  | (602) |  |  | (1,314) |
Long-term debt, excluding current portion |  |  |  |  |  | $ | 16,300 |  |  | $ | 15,951 |
(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.
Short-term debt | Short-term borrowings as of March 31, 2021, and December 31, 2020, consist of the following (in millions):
|  | March 31, 2021 |  |  |  |
|  | Weighted |  |  |  |  |  |
|  | Average |  |  |  |  |  |
|  | Interest |  |  |  | March 31, |  | December 31,
|  | Rate |  | Maturities |  | 2021 |  | 2020
Euro-commercial paper notes ("ECP Notes") |  | (0.5) | % |  | Up to 183 days |  | $ | 243 |  |  | $ | 861 |
U.S. commercial paper notes ("USCP Notes") |  | 0.3 | % |  | Up to 397 days |  | 2,129 |  |  | 1,745 |
Other |  |  |  |  |  | 165 |  |  | 144 |
Total Short-term borrowings |  |  |  |  |  | $ | 2,537 |  |  | $ | 2,750 |
Principal maturities of long-term 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 $(141) million as of March 31, 2021 (in millions):
|  | Total
2021 remaining period |  | $ | 578 |
2022 |  | 1,623 |
2023 |  | 2,234 |
2024 |  | 1,343 |
2025 |  | 739 |
Thereafter |  | 10,646 |
Total principal payments |  | 17,163 |
Debt issuance costs, net of accumulated amortization |  | (120) |
Total long-term debt |  | $ | 17,043 |

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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + 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 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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