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Debt | 6 Months Ended
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Jun. 30, 2020
Debt [Abstract] |
Debt | 10. Debt Changes in debt (in millions) were as follows:
| For the Six |
| Months Ended |
| June 30, |
|  | 2020 |  |
Balance as of beginning-of-year |  | $ | 6,367 |  |
LIBOR + 150 bps term loan issued, due 2022 |  |  | 500 |  |
Senior notes issued: |  |  |  |  |
3.40% notes, due 2031 |  |  | 500 |  |
4.375% notes, due 2050 |  |  | 300 |  |
Repayment of 6.25% senior notes, due 2020 |  |  | (300 | ) |
Early extinguishment of 4.85% senior notes, due 2021 |  |  | (296 | ) |
Repayment of LIBOR + 150 bps term loan, due 2022 |  |  | (500 | ) |
Unamortized premiums (discounts) |  |  | (1 | ) |
Unamortized debt issuance costs |  |  | (6 | ) |
Unamortized adjustments from discontinued hedges |  |  | 259 |  |
Fair value hedge on interest rate swap agreements |  |  | (87 | ) |
Balance as of end-of-period |  | $ | 6,736 |  |
Details underlying the recognition of a loss on the early extinguishment of debt (in millions) reported within interest expense on our Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2020, were as follows:
Principal balance outstanding prior to payoff (1) |  | $ | 796 |  |
Unamortized debt issuance costs and discounts |  |  | (2 | ) |
Amount paid to retire debt |  |  | (809 | ) |
Gain (loss) on early extinguishment of debt, pre-tax |  | $ | (15 | ) |
(1)During the second quarter of 2020, we redeemed our $296 million outstanding principal amount of 4.85% senior notes due 2021 and repaid our $500 million LIBOR + 150 bps term loan due 2022.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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