Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

v3.8.0.1
DEBT AND FINANCING ARRANGEMENTS (Tables)
3 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The carrying value of our outstanding debt as of March 31, 2018 and December 31, 2017 consists of the following (in millions):
 
Principal
Amount
 
 
 
Carrying Value
 
 
Maturity
 
2018
 
2017
Commercial paper
$
2,622

 
2018
 
$
2,622

 
$
3,203

Fixed-rate senior notes:
 
 
 
 
 
 
 
5.500% senior notes
750

 
2018
 

 
751

5.125% senior notes
1,000

 
2019
 
1,010

 
1,019

3.125% senior notes
1,500

 
2021
 
1,526

 
1,549

2.050% senior notes
700

 
2021
 
697

 
696

2.450% senior notes
1,000

 
2022
 
961

 
979

2.350% senior notes
600

 
2022
 
597

 
597

2.500% senior note
1,000

 
2023
 
993

 
992

2.800% senior note
500

 
2024
 
496

 
495

2.400% senior note
500

 
2026
 
497

 
497

3.050% senior note
1,000

 
2027
 
991

 
990

6.200% senior notes
1,500

 
2038
 
1,482

 
1,482

4.875% senior notes
500

 
2040
 
490

 
489

3.625% senior notes
375

 
2042
 
368

 
368

3.400% senior notes
500

 
2046
 
491

 
491

3.750 % senior notes
1,150

 
2047
 
1,136

 
1,135

Floating-rate senior notes:


 

 


 


Floating-rate senior notes
350

 
2021
 
349

 
348

Floating-rate senior notes
400

 
2022
 
398

 
398

Floating-rate senior notes
500

 
2023
 
498

 
496

Floating-rate senior notes
1,043

 
2049-2067
 
1,031

 
1,032

8.375% Debentures:
 
 
 
 
 
 
 
8.375% debentures
424

 
2020
 
441

 
447

8.375% debentures
276

 
2030
 
282

 
282

Pound Sterling notes:
 
 
 
 
 
 
 
5.500% notes
93

 
2031
 
88

 
84

5.125% notes
640

 
2050
 
610

 
586

Euro senior notes:
 
 
 
 
 
 
 
0.375% notes
862

 
2023
 
856

 
832

1.625% notes
862

 
2025
 
856

 
833

1.000% notes
616

 
2028
 
612

 
595

1.500% notes
616

 
2032
 
611

 
594

Floating-rate senior notes
616

 
2020
 
614

 
598

Canadian senior notes:
 
 
 
 
 
 
 
2.125% notes
580

 
2024
 
577

 
593

Capital lease obligations
580

 
2018-3005
 
580

 
500

Facility notes and bonds
320

 
2029-2045
 
319

 
319

Other debt
13

 
2018-2022
 
13

 
19

Total debt
$
23,988

 
 
 
23,092

 
24,289

Less: Current maturities
 
 
 
 
(2,683
)
 
(4,011
)
Long-term debt
 
 
 
 
$
20,409

 
$
20,278