| Schedule of Long-term Debt Instruments |
The carrying value of our outstanding debt as of September 30, 2020 and December 31, 2019 consisted of the following (in millions):
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Principal
Amount |
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Carrying Value |
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Maturity |
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2020 |
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2019 |
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| Commercial paper |
$ |
1,202 |
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2021 |
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$ |
1,202 |
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$ |
3,234 |
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| Fixed-rate senior notes: |
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3.125% senior notes |
1,500 |
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2021 |
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1,516 |
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1,524 |
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2.050% senior notes |
700 |
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2021 |
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700 |
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699 |
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2.450% senior notes |
1,000 |
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2022 |
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1,031 |
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1,003 |
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2.350% senior notes |
600 |
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2022 |
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599 |
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598 |
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2.500% senior notes |
1,000 |
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2023 |
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996 |
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995 |
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2.800% senior notes |
500 |
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2024 |
|
497 |
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497 |
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2.200% senior notes |
400 |
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2024 |
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398 |
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398 |
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3.900% senior notes |
1,000 |
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2025 |
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995 |
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— |
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2.400% senior notes |
500 |
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2026 |
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498 |
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498 |
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3.050% senior notes |
1,000 |
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2027 |
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993 |
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992 |
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3.400% senior notes |
750 |
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2029 |
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745 |
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745 |
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2.500% senior notes |
400 |
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2029 |
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397 |
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397 |
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4.450% senior notes |
750 |
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2030 |
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743 |
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— |
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6.200% senior notes |
1,500 |
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2038 |
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1,483 |
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1,483 |
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5.200% senior notes |
500 |
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2040 |
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493 |
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— |
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4.875% senior notes |
500 |
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2040 |
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490 |
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490 |
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3.625% senior notes |
375 |
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2042 |
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368 |
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368 |
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3.400% senior notes |
500 |
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2046 |
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491 |
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491 |
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3.750% senior notes |
1,150 |
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2047 |
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1,137 |
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1,136 |
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4.250% senior notes |
750 |
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2049 |
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742 |
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742 |
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3.400% senior notes |
700 |
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2049 |
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688 |
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688 |
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5.300% senior notes |
1,250 |
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2050 |
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1,231 |
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— |
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| Floating-rate senior notes: |
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| Floating-rate senior notes |
350 |
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2021 |
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350 |
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349 |
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| Floating-rate senior notes |
400 |
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2022 |
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399 |
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399 |
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| Floating-rate senior notes |
500 |
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2023 |
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499 |
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499 |
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| Floating-rate senior notes |
1,039 |
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2049-2067 |
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1,027 |
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1,028 |
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| 8.375% Debentures: |
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8.375% debentures |
— |
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2020 |
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— |
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426 |
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8.375% debentures |
276 |
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2030 |
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281 |
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281 |
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| Pound Sterling notes: |
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5.500% notes |
86 |
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2031 |
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85 |
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86 |
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5.125% notes |
585 |
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2050 |
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554 |
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566 |
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| Euro senior notes: |
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0.375% notes |
820 |
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2023 |
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816 |
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779 |
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1.625% notes |
820 |
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2025 |
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816 |
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779 |
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1.000% notes |
585 |
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2028 |
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582 |
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556 |
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1.500% notes |
585 |
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2032 |
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582 |
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556 |
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| Floating-rate senior notes |
— |
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2020 |
|
— |
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559 |
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| Canadian senior notes: |
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2.125% notes |
560 |
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2024 |
|
558 |
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571 |
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| Finance lease obligations |
411 |
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2020-2210 |
|
411 |
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498 |
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| Facility notes and bonds |
320 |
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2029-2045 |
|
320 |
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320 |
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| Other debt |
5 |
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2020-2025 |
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5 |
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8 |
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| Total debt |
$ |
25,869 |
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25,718 |
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25,238 |
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| Less: Current maturities |
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(2,382) |
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(3,420) |
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| Long-term debt |
|
|
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$ |
23,336 |
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$ |
21,818 |
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