Debt (Tables)

12 Months Ended

Dec. 31, 2020

The following is a summary of outstanding debt (in millions):


As of December 31	2020		2019
Commercial paper	$	—	$	112
5.00% Senior Notes due September 2020	—		600
2.80% Senior Notes due March 2021 (1)	400		399
2.20% Senior Notes due November 2022	498		497
4.00% Senior Notes due November 2023	349		348
3.50% Senior Notes due June 2024	597		597
3.875% Senior Notes due December 2025	747		746
2.875% Senior Notes due May 2026 (EUR 500M)	606		550
8.205% Junior Subordinated Notes due January 2027	521		521
4.50% Senior Notes due December 2028	347		346
3.75% Senior Notes due May 2029	744		744
2.80% Senior Notes due May 2030	992		—
6.25% Senior Notes due September 2040	296		296
4.25% Senior Notes due December 2042	200		199
4.45% Senior Notes due May 2043	247		246
4.60% Senior Notes due June 2044	544		544
4.75% Senior Notes due May 2045	593		593
Other	48		1
Total debt	7,729		7,339
Less: Short-term debt and current portion of long-term debt	448		712
Total long-term debt	$	7,281	$	6,627

(1) The 2.80% Senior Notes due March 2021 were repaid in full on February 16, 2021.

Repayments of Long-term Debt

Repayments of total debt as of December 31, 2020 are as follows (in millions):


2021	$	448
2022	500
2023	350
2024	600
2025	750
Thereafter	5,187
Total Repayments	7,835
Unamortized discounts, premiums, and debt issuance costs	(106)
Total Debt	$	7,729

Schedule of Commercial Paper

Commercial paper outstanding, which is included in Short-term debt and current portion of long-term debt in the Company’s Consolidated Statements of Financial Position, is as follows (in millions):


As of December 31	2020		2019
Commercial paper outstanding	$	—	$	112

The weighted average commercial paper outstanding and its related interest rates are as follows (in millions, except percentages):


	Years Ended December 31
	2020			2019
Weighted average commercial paper outstanding	$	343		$	511
Weighted average interest rate of commercial paper outstanding	1.47		%	0.27		%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details