Long-Term Debt |
We provide detail on our long-term debt balances, net of discounts, premiums, and debt issuance costs, in the following table at the end of the 2019 second quarter and year-end 2018: | | | | | | | | | | At Period End | ($ in millions) | June 30, 2019 | | December 31, 2018 | Senior Notes: | | | | Series K Notes, interest rate of 3.0%, face amount of $600, matured March 1, 2019 (effective interest rate of 4.4%) | $ | — |
| | $ | 600 |
| Series L Notes, interest rate of 3.3%, face amount of $350, maturing September 15, 2022 (effective interest rate of 3.4%) | 349 |
| | 349 |
| Series M Notes, interest rate of 3.4%, face amount of $350, maturing October 15, 2020 (effective interest rate of 3.6%) | 349 |
| | 349 |
| Series N Notes, interest rate of 3.1%, face amount of $400, maturing October 15, 2021 (effective interest rate of 3.4%) | 398 |
| | 397 |
| Series O Notes, interest rate of 2.9%, face amount of $450, maturing March 1, 2021 (effective interest rate of 3.1%) | 449 |
| | 448 |
| Series P Notes, interest rate of 3.8%, face amount of $350, maturing October 1, 2025 (effective interest rate of 4.0%) | 345 |
| | 345 |
| Series Q Notes, interest rate of 2.3%, face amount of $750, maturing January 15, 2022 (effective interest rate of 2.5%) | 746 |
| | 745 |
| Series R Notes, interest rate of 3.1%, face amount of $750, maturing June 15, 2026 (effective interest rate of 3.3%) | 744 |
| | 743 |
| Series T Notes, interest rate of 7.2%, face amount of $181, maturing December 1, 2019 (effective interest rate of 2.3%) | 184 |
| | 188 |
| Series U Notes, interest rate of 3.1%, face amount of $291, maturing February 15, 2023 (effective interest rate of 3.1%) | 291 |
| | 291 |
| Series V Notes, interest rate of 3.8%, face amount of $318, maturing March 15, 2025 (effective interest rate of 2.8%) | 334 |
| | 335 |
| Series W Notes, interest rate of 4.5%, face amount of $278, maturing October 1, 2034 (effective interest rate of 4.1%) | 291 |
| | 292 |
| Series X Notes, interest rate of 4.0%, face amount of $450, maturing April 15, 2028 (effective interest rate of 4.2%) | 444 |
| | 443 |
| Series Y Notes, floating rate, face amount of $550, maturing December 1, 2020 (effective interest rate of 3.1% at June 30, 2019) | 548 |
| | 547 |
| Series Z Notes, interest rate of 4.2%, face amount of $350, maturing December 1, 2023 (effective interest rate of 4.4%) | 347 |
| | 347 |
| Series AA Notes, interest rate of 4.7%, face amount of $300, maturing December 1, 2028 (effective interest rate of 4.8%) | 297 |
| | 297 |
| Series BB Notes, floating rate, face amount of $300, maturing March 8, 2021 (effective interest rate of 3.1% at June 30, 2019) | 299 |
| | — |
| Series CC Notes, interest rate of 3.6%, face amount of $550, maturing April 15, 2024 (effective interest rate of 3.9%) | 564 |
| | — |
| | | | | Commercial paper | 3,069 |
| | 2,245 |
| Credit Facility | — |
| | — |
| Finance lease obligations | 160 |
| | 163 |
| Other | 206 |
| | 223 |
| | $ | 10,414 |
| | $ | 9,347 |
| Less: Current portion of long-term debt | (229 | ) | | (833 | ) | | $ | 10,185 |
| | $ | 8,514 |
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