Quarterly report pursuant to Section 13 or 15(d)

DEBT AND FINANCING ARRANGEMENTS (Tables)

v3.19.1
DEBT AND FINANCING ARRANGEMENTS (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments The carrying value of our outstanding debt as of March 31, 2019 and December 31, 2018 consists of the following (in millions):
 
Principal
Amount
 
 
 
Carrying Value
 
 
Maturity
 
2019
 
2018
Commercial paper
$
1,644

 
2019-2020
 
$
1,644

 
$
2,662

Fixed-rate senior notes:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5.125% senior notes
1,000

 
2019
 
1,000

 
998

3.125% senior notes
1,500

 
2021
 
1,522

 
1,492

2.050% senior notes
700

 
2021
 
698

 
698

2.450% senior notes
1,000

 
2022
 
983

 
1,023

2.350% senior notes
600

 
2022
 
598

 
597

2.500% senior notes
1,000

 
2023
 
994

 
994

2.800% senior notes
500

 
2024
 
496

 
496

2.400% senior notes
500

 
2026
 
498

 
498

3.050% senior notes
1,000

 
2027
 
991

 
991

3.400% senior notes
750

 
2029
 
745

 

6.200% senior notes
1,500

 
2038
 
1,482

 
1,482

4.875% senior notes
500

 
2040
 
490

 
490

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

 
1,136

4.250% senior notes
750

 
2049
 
742

 

Floating-rate senior notes:


 

 


 


Floating-rate senior notes
350

 
2021
 
349

 
349

Floating-rate senior notes
400

 
2022
 
399

 
399

Floating-rate senior notes
500

 
2023
 
499

 
499

Floating-rate senior notes
1,041

 
2049-2067
 
1,028

 
1,029

8.375% Debentures:
 
 
 
 
 
 
 
8.375% debentures
424

 
2020
 
432

 
419

8.375% debentures
276

 
2030
 
281

 
274

Pound Sterling notes:
 
 
 
 
 
 
 
5.500% notes
87

 
2031
 
86

 
84

5.125% notes
595

 
2050
 
564

 
546

Euro senior notes:
 
 
 
 
 
 
 
0.375% notes
786

 
2023
 
782

 
797

1.625% notes
786

 
2025
 
782

 
798

1.000% notes
562

 
2028
 
558

 
570

1.500% notes
562

 
2032
 
558

 
569

Floating-rate senior notes
562

 
2020
 
561

 
572

Canadian senior notes:
 
 
 
 
 
 
 
2.125% notes
558

 
2024
 
555

 
548

Finance lease obligations
525

 
2019-3005
 
525

 
534

Facility notes and bonds
320

 
2029-2045
 
320

 
320

Other debt
9

 
2019-2022
 
9

 
13

Total debt
$
23,312

 
 
 
23,166

 
22,736

Less: Current maturities
 
 
 
 
(2,789
)
 
(2,805
)
Long-term debt
 
 
 
 
$
20,377

 
$
19,931