11. Debt

As of June 30, 2017 and December 31, 2016, the Company’s total debt consisted of the following:


	As of June 30,		As of December 31,
(in millions)	2017		2016
3.2% senior notes due October 1, 2026	$	496	$	496
4.625% senior notes due November 1, 2020		398		398
1.8% senior notes due September 25, 2017		300		299
6.625% senior notes due April 15, 2037		254		254
6.0% senior notes due April 15, 2017		—		200
5.62% senior notes due March 25, 2020		200		200
Revolving credit facility		186		—
Fair value adjustment related to hedged fixed rate debt instruments		4		3
Long-term debt	$	1,838	$	1,850
Short-term borrowings		116		106
Total debt	$	1,954	$	1,956

The Company’s long-term debt at June 30, 2017 includes $300 million of 1.8 percent senior notes that mature on September 25, 2017. These borrowings are included in long-term debt as the Company has the ability and intent to refinance them on a long-term basis prior to the maturity date. The $200 million of 6.0 percent senior notes due April 15, 2017 were refinanced with borrowings under the revolving credit facility in April 2017.