Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

v3.7.0.1
DEBT AND FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The carrying value of our outstanding debt as of June 30, 2017 and December 31, 2016 consists of the following (in millions):
 
Principal
Amount
 
 
 
Carrying Value
 
 
Maturity
 
2017
 
2016
Commercial paper
$
3,383

 
2017-2018
 
$
3,383

 
$
3,250

Fixed-rate senior notes:
 
 
 
 
 
 
 
1.125% senior notes
375

 
2017
 
374

 
374

5.50% senior notes
750

 
2018
 
759

 
769

5.125% senior notes
1,000

 
2019
 
1,033

 
1,043

3.125% senior notes
1,500

 
2021
 
1,576

 
1,584

2.40% senior notes
500

 
2026
 
497

 
497

2.45% senior notes
1,000

 
2022
 
990

 
986

2.35% senior notes
600

 
2022
 
596

 

6.20% senior notes
1,500

 
2038
 
1,482

 
1,481

4.875% senior notes
500

 
2040
 
489

 
489

3.625% senior notes
375

 
2042
 
367

 
367

3.40% senior notes
500

 
2046
 
491

 
491

Floating rate senior notes
400

 
2022
 
398

 

8.375% Debentures:
 
 
 
 
 
 
 
8.375% debentures
424

 
2020
 
456

 
461

8.375% debentures
276

 
2030
 
282

 
282

Pound Sterling notes:
 
 
 
 
 
 
 
5.50% notes
86

 
2031
 
81

 
76

5.125% notes
590

 
2050
 
564

 
535

Euro senior notes:
 
 
 
 
 
 
 
1.625% notes
798

 
2025
 
793

 
732

1.00% notes
570

 
2028
 
566

 
523

Floating rate senior notes
570

 
2020
 
569

 
525

Canadian senior notes:
 
 
 
 
 
 
 
2.125% notes
577

 
2024
 
573

 

Floating rate senior notes
979

 
2049-2067
 
969

 
824

Capital lease obligations
448

 
2017-3005
 
448

 
447

Facility notes and bonds
320

 
2029-2045
 
319

 
319

Other debt
19

 
2017-2022
 
19

 
20

Total debt
$
18,040

 
 
 
18,074

 
16,075

Less: Current maturities
 
 
 
 
(3,817
)
 
(3,681
)
Long-term debt
 
 
 
 
$
14,257

 
$
12,394