Borrowings (Tables)

3 Months Ended

Mar. 31, 2018

Long-term Debt Including Unamortized Debt Discounts and Premiums

The following table lists long-term debt by instrument outstanding as of March 31, 2018 and December 31, 2017.



	Date of Issuance	Principal Amount Outstanding
	Date of Issuance	March 31, 2018			December 31, 2017
Fixed-rate Senior Notes:
1.500% due March 10, 2018 ⁽¹⁾	03/10/15	$	—		$	625
2.200% due July 25, 2018	07/25/13	275			275
4.450% due July 22, 2020	07/22/10	700			700
3.225% due September 1, 2022	08/29/12	256			256
2.650% due January 25, 2023	12/07/17	800			800
3.000% due March 10, 2025	03/10/15	375			375
3.450% due February 13, 2026	11/13/15	350			350
3.200% due March 2, 2027	03/02/17	650			650
3.200% due January 25, 2028	12/07/17	700			700
Total fixed-rate Senior Notes		4,106			4,731
5.450% Finance lease obligation ⁽²⁾	06/04/04	59			61
Unamortized discount — net		(14		)	(14		)
Debt issuance costs		(23		)	(25		)
Total long-term debt		$	4,128		$	4,753

⁽¹⁾ Redeemed on February 8, 2018.

⁽²⁾Schwab has a finance lease obligation related to an office building and land under a 20-year lease. The remaining finance lease obligation is being reduced by a portion of the lease payments over the remaining lease term through June 30, 2024.

Annual Maturities on Long-term Debt Outstanding

Annual maturities on long-term debt outstanding at March 31, 2018 are as follows:



2018	$	281
2019	8
2020	709
2021	9
2022	266
Thereafter	2,892
Total maturities	4,165
Unamortized discount — net	(14		)
Debt issuance costs	(23		)
Total long-term debt	$	4,128