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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt

Debt consists of (in millions):

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

$1.1 billion in Senior Notes, interest at 3.95% payable

   semiannually, principal due on December 1, 2042

 

 

1,088

 

 

 

1,088

 

$0.5 billion in Senior Notes, interest at 3.60% payable

   semiannually, principal due on December 1, 2029

 

 

493

 

 

 

 

$0.4 billion in Senior Notes, interest at 2.60% payable

   semiannually, principal due on December 1, 2022

 

 

399

 

 

 

1,394

 

Other debt

 

 

9

 

 

 

 

Long-term debt

 

$

1,989

 

 

$

2,482

 

Principal Payments of Debt

Principal payments of debt for years subsequent to 2019 are as follows (in millions):

 

2020

 

 

 

2021

 

 

 

2022

 

 

400

 

2023

 

 

 

2024

 

 

 

Thereafter

 

 

1,589

 

 

 

$

1,989