LONG-TERM DEBT AND LINE OF CREDIT	6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]
LONG-TERM DEBT AND LINE OF CREDIT	NOTE 9: LONG-TERM DEBT AND LINE OF CREDIT In May 2021, we repaid our $225 million variable-rate term loan that was scheduled to mature in July 2026. 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. In May 2020, a portion of the net proceeds was used to redeem our $569 million 4.70 percent notes due in March 2021. A net pretax charge of $11 million was included in “Interest expense, net of capitalized interest” in the Consolidated Statement of Operations in second quarter 2020 for the make-whole premium in connection with the early extinguishment of the $569 million notes, partially offset by the write-off of an unamortized fair value step-up adjustment. In January 2020, we refinanced and extended our $1.5 billion five-year senior unsecured revolving credit facility, which 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. We had no outstanding borrowings on our credit facility as of June 30, 2021 and December 31, 2020.

LONG-TERM DEBT AND LINE OF CREDIT

6 Months Ended

Jun. 30, 2021

NOTE 9: LONG-TERM DEBT AND LINE OF CREDIT

In May 2021, we repaid our $225 million variable-rate term loan that was scheduled to mature in July 2026.

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. In May 2020, a portion of the net proceeds was used to redeem our $569 million 4.70 percent notes due in March 2021. A net pretax charge of $11 million was included in “Interest expense, net of capitalized interest” in the Consolidated Statement of Operations in second quarter 2020 for the make-whole premium in connection with the early extinguishment of the $569 million notes, partially offset by the write-off of an unamortized fair value step-up adjustment.

In January 2020, we refinanced and extended our $1.5 billion five-year senior unsecured revolving credit facility, which 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. We had no outstanding borrowings on our credit facility as of June 30, 2021 and December 31, 2020.