LONG-TERM DEBT AND LINE OF CREDIT	3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]
LONG-TERM DEBT AND LINE OF CREDIT	NOTE 9: LONG-TERM DEBT AND LINE OF CREDIT In March 2020, we issued $750 million of 4.00 percent notes due in April 2030. The net proceeds after deducting the discount, underwriting fees and issuance costs were $732 million. A portion of the proceeds will be used to redeem our outstanding 4.70 percent notes due in March 2021, as discussed below. In April 2020, we notified holders of our outstanding 4.70 percent notes due in March 2021 that we will redeem the entire aggregate principal amount outstanding in May 2020. The amount of principal outstanding and the book value of the debt were approximately $569 million and $577 million, respectively, as of March 31, 2020. The total redemption price of the notes will be approximately $588 million which reflects the make-whole premium due on early redemption. In February 2019, we issued $750 million of 4.00 percent notes due in November 2029. The net proceeds after deducting the discount, underwriting fees and issuance costs were $739 million. In March 2019, a portion of the net proceeds was used to redeem our $500 million 7.38 percent note due in October 2019. A pretax charge of $12 million was included in "Interest expense, net of capitalized interest" in the Consolidated Statement of Operations in first quarter 2019 for make-whole premiums, unamortized debt issuance costs and unamortized debt discounts in connection with the early extinguishment of the $500 million note. In January 2020, we refinanced and extended our $1.5 billion five-year senior unsecured revolving credit facility, which now expires in January 2025. Borrowings are at LIBOR plus a spread or at other interest rates mutually agreed upon between the borrower and the lending banks. As of March 31, 2020 and December 31, 2019, we had $550 million and $230 million, respectively, of outstanding borrowings on our credit facility.

LONG-TERM DEBT AND LINE OF CREDIT

3 Months Ended

Mar. 31, 2020

NOTE 9: LONG-TERM DEBT AND LINE OF CREDIT

In March 2020, we issued $750 million of 4.00 percent notes due in April 2030. The net proceeds after deducting the discount, underwriting fees and issuance costs were $732 million. A portion of the proceeds will be used to redeem our outstanding 4.70 percent notes due in March 2021, as discussed below.

In April 2020, we notified holders of our outstanding 4.70 percent notes due in March 2021 that we will redeem the entire aggregate principal amount outstanding in May 2020. The amount of principal outstanding and the book value of the debt were approximately $569 million and $577 million, respectively, as of March 31, 2020. The total redemption price of the notes will be approximately $588 million which reflects the make-whole premium due on early redemption.

In February 2019, we issued $750 million of 4.00 percent notes due in November 2029. The net proceeds after deducting the discount, underwriting fees and issuance costs were $739 million. In March 2019, a portion of the net proceeds was used to redeem our $500 million 7.38 percent note due in October 2019. A pretax charge of $12 million was included in "Interest expense, net of capitalized interest" in the Consolidated Statement of Operations in first quarter 2019 for make-whole premiums, unamortized debt issuance costs and unamortized debt discounts in connection with the early extinguishment of the $500 million note.

In January 2020, we refinanced and extended our $1.5 billion five-year senior unsecured revolving credit facility, which now expires in January 2025. Borrowings are at LIBOR plus a spread or at other interest rates mutually agreed upon between the borrower and the lending banks. As of March 31, 2020 and December 31, 2019, we had $550 million and $230 million, respectively, of outstanding borrowings on our credit facility.