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Debt And Related Expenses (Tables)
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule Of Debt Instruments and Balances

A summary of debt is as follows:

 

 

June 30, 2019

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

6.30% due January 15, 2019

 

$

—

 

 

$

162

 

5.85% due December 15, 2025

 

 

485

 

 

 

485

 

7.50% due September 15, 2027

 

 

73

 

 

 

73

 

7.875% due September 30, 2031 (1)

 

 

675

 

 

 

675

 

7.95% due April 15, 2032 (1)

 

 

366

 

 

 

366

 

5.60% due July 15, 2041

 

 

1,250

 

 

 

1,250

 

4.75% due May 15, 2042

 

 

750

 

 

 

750

 

5.00% due June 15, 2045

 

 

750

 

 

 

750

 

Net discount on debentures and notes

 

 

(20

)

 

 

(21

)

Debt issuance costs

 

 

(35

)

 

 

(36

)

Total debt

 

 

4,294

 

 

 

4,454

 

Less amount classified as short-term debt

 

 

—

 

 

 

162

 

Total long-term debt

 

$

4,294

 

 

$

4,292

 

 

 

(1)

These senior notes were included in the 2018 tender offer repurchases discussed below.
Schedule Of Net Financing Cost Components

The following schedule includes the components of net financing costs.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Interest based on debt outstanding

 

$

65

 

 

$

68

 

 

$

130

 

 

$

151

 

Early retirement of debt

 

 

—

 

 

 

—

 

 

 

—

 

 

 

312

 

Other

 

 

1

 

 

 

(4

)

 

 

(4

)

 

 

(10

)

Total net financing costs

 

$

66

 

 

$

64

 

 

$

126

 

 

$

453