Borrowings (Tables)

6 Months Ended

Jun. 30, 2018

Long-term Debt Including Unamortized Debt Discounts and Premiums

The following table lists long-term debt by instrument outstanding as of June 30, 2018 and December 31, 2017.



	Date of	Principal Amount Outstanding
	Issuance	June 30, 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 ⁽²⁾	07/25/13	—			275
4.450% due July 22, 2020	07/22/10	700			700
3.250% due May 21, 2021	05/22/18	600			—
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
3.850% due May 21, 2025	05/22/18	750			—
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
Floating-rate Senior Notes:
Three-month LIBOR + 0.32% due May 21, 2021	05/22/18	600			—
Total Senior Notes		5,781			4,731
5.450% Finance lease obligation ⁽³⁾	06/04/04	57			61
Unamortized discount — net		(14		)	(14		)
Debt issuance costs		(35		)	(25		)
Total long-term debt		$	5,789		$	4,753

⁽¹⁾ Redeemed on February 8, 2018.

⁽²⁾Redeemed on June 25, 2018.

⁽³⁾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 June 30, 2018 are as follows:



	Maturities
2018	$	4
2019	8
2020	709
2021	1,209
2022	266
Thereafter	3,642
Total maturities	5,838
Unamortized discount — net	(14		)
Debt issuance costs	(35		)
Total long-term debt	$	5,789