XML 43 R31.htm IDEA: XBRL DOCUMENT v3.20.2
DEBT (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Instruments [Abstract]  
Long-term Debt Long-term debt (including finance lease obligations) as of September 30, 2020 and December 31, 2019 consisted of the following:
September 30, 2020December 31, 2019
4.75% Senior Notes due January 2020
$— $500 
2.50% Senior Notes due March 2020
— 300 
4.70% Senior Notes due April 2021
551 554 
4.25% Senior Notes due April 2024
317 308 
3.50% Senior Notes due March 2025
623 593 
3.45% Senior Notes due June 2026
513 490 
4.20% Senior Notes due June 2029
499 499 
2.95% Senior Notes due June 2030
798 798 
2.80% Senior Notes due June 2031
549 — 
6.95% Senior Notes due July 2037
175 175 
5.75% Senior Notes due January 2040
245 245 
4.70% Senior Notes due March 2045
300 300 
Other32 34 
Debt issuance costs(29)(26)
Total long-term debt4,573 4,770 
Less: Current portion of long-term debt555 804 
Total long-term debt, net of current portion$4,018 $3,966 
Schedule of Leverage Ratio Covenants Pursuant to the amendment, the leverage ratio covenant (as defined in the senior unsecured revolving credit facility) was increased as follows:
As of:Applicable Covenant:
September 30, 2020
no more than 5.5 times EBITDA
December 31, 2020
no more than 6.5 times EBITDA
March 31, 2021
no more than 6.25 times EBITDA
June 30, 2021
no more than 4.5 times EBITDA
Schedule of Maturities of Long-term Debt As of September 30, 2020, long-term debt matures as follows:
Year Ending December 31,
Remainder of 2020$1 
2021553 
20223 
20232 
2024302 
Thereafter3,696 
Total maturities of long-term debt4,557 
Unamortized discount(11)
Debt issuance costs(29)
Fair value basis adjustments attributable to hedged debt56 
Total long-term debt4,573 
Current portion of long-term debt555 
Total long-term debt, net of current portion$4,018