| Debt |
Debt On May 1, 2020, NXP B.V., together with NXP Funding LLC and NXP USA, Inc., issued $500 million of 2.7% senior unsecured notes due May 1, 2025, $500 million of 3.15% senior unsecured notes due May 1, 2027 and $1 billion of 3.4% senior unsecured notes due May 1, 2030.
The following table summarizes the outstanding debt as of September 27, 2020 and December 31, 2019: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 27, 2020 | | | | December 31, 2019 | | | | Maturities | | Amount | | Effective
rate | | Amount | | Effective
rate | Fixed-rate 4.125% senior unsecured notes | Jun, 2021 | | 1,350 | | | 4.125 | | | 1,350 | | | 4.125 | | Fixed-rate 4.625% senior unsecured notes | Jun, 2022 | | 400 | | | 4.625 | | | 400 | | | 4.625 | | Fixed-rate 3.875% senior unsecured notes | Sep, 2022 | | 1,000 | | | 3.875 | | | 1,000 | | | 3.875 | | Fixed-rate 4.625% senior unsecured notes | Jun, 2023 | | 900 | | | 4.625 | | | 900 | | | 4.625 | | Fixed-rate 4.875% senior unsecured notes | Mar, 2024 | | 1,000 | | | 4.875 | | | 1,000 | | | 4.875 | | Fixed-rate 2.7% senior unsecured notes | May, 2025 | | 500 | | | 2.700 | | | — | | | — | | Fixed-rate 5.35% senior unsecured notes | Mar, 2026 | | 500 | | | 5.350 | | | 500 | | | 5.350 | | Fixed-rate 3.875% senior unsecured notes | Jun, 2026 | | 750 | | | 3.875 | | | 750 | | | 3.875 | | Fixed-rate 3.15% senior unsecured notes | May, 2027 | | 500 | | | 3.150 | | | — | | | — | | Fixed-rate 5.55% senior unsecured notes | Dec, 2028 | | 500 | | | 5.550 | | | 500 | | | 5.550 | | Fixed-rate 4.3% senior unsecured notes | Jun, 2029 | | 1,000 | | | 4.300 | | | 1,000 | | | 4.300 | | Fixed-rate 3.4% senior unsecured notes | May, 2030 | | 1,000 | | | 3.400 | | | — | | | — | | | Floating-rate revolving credit facility (RCF) | Jun, 2024 | | — | | | — | | | — | | | — | | | Total principal | | | 9,400 | | | | | 7,400 | | | | | | | | | | | | | | Unamortized discounts, premiums and debt
issuance costs | | | (44) | | | | | (35) | | | | Total debt, including unamortized discounts,
premiums, debt issuance costs and fair value
adjustments | | | 9,356 | | | | | 7,365 | | | | | Less: current portion of long-term debt | | | 1,749 | | | | | — | | | | | Long-term debt | | | 7,607 | | | | | 7,365 | | | |
|