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Debt (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of maturities of long-term debt
As of March 31, 2019, contractual maturities of debt were as follows. All amounts represent the principal amounts of the debt instruments outstanding.
 
Total
 
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
5.375% Notes
$
700

 
$
—

 
$
—

 
$
700

 
$
—

 
$
—

 
$
—

4.875% Notes
330

 
—

 
—

 
—

 
—

 
—

 
330

1.125% Convertible Notes
206

 
206

 
—

 
—

 
—

 
—

 
—

Term Loan
100

 
3

 
7

 
10

 
10

 
70

 
—

 
$
1,336

 
$
209

 
$
7

 
$
710

 
$
10

 
$
70

 
$
330
Long term debt
The following table summarizes our outstanding debt obligations and their classification in the accompanying consolidated balance sheets:
 
March 31,
2019
 
December 31,
2018
 
(In millions)
Current portion of long-term debt:
 
 
 
1.125% Convertible Notes, net of unamortized discount
$
199

 
$
241

Lease financing obligations
—

 
1

Debt issuance costs
(1
)
 
(1
)
 
$
198

 
$
241

Non-current portion of long-term debt:
 
 
 
5.375% Notes
$
700

 
$
700

4.875% Notes
330

 
330

Term Loan
100

 
—

Debt issuance costs
(9
)
 
(10
)
 
$
1,121

 
$
1,020
Interest Costs
Interest cost recognized relating to our convertible senior notes for the periods presented was as follows:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In millions)
Contractual interest at coupon rate
$
1

 
$
2

Amortization of the discount
3

 
7

 
$
4

 
$
9