Schedule of Debt |
A summary of short-term and long-term debt outstanding is as follows: | | | | | | | | | (in millions) | March 31, 2018 | | December 31, 2017 | 2.5% Senior Notes, due 2018 1 | $ | 400 |
| | $ | 399 |
| 3.3% Senior Notes, due 2020 2 | 697 |
| | 697 |
| 4.0% Senior Notes, due 2025 3 | 692 |
| | 692 |
| 4.4% Senior Notes, due 2026 4 | 892 |
| | 892 |
| 2.95% Senior Notes, due 2027 5 | 493 |
| | 493 |
| 6.55% Senior Notes, due 2037 6 | 396 |
| | 396 |
| Total debt | 3,570 |
| | 3,569 |
| Less: short-term debt including current maturities | 400 |
| | 399 |
| Long-term debt | $ | 3,170 |
| | $ | 3,170 |
|
| | 1 | Interest payments are due semiannually on February 15 and August 15, and as of March 31, 2018, the unamortized debt discount and issuance costs are less than $1 million. |
| | 2 | Interest payments are due semiannually on February 14 and August 14, and as of March 31, 2018, the unamortized debt discount and issuance costs total $3 million. |
| | 3 | Interest payments are due semiannually on June 15 and December 15, and as of March 31, 2018, the unamortized debt discount and issuance costs total $8 million. |
| | 4 | Interest payments are due semiannually on February 15 and August 15, and as of March 31, 2018, the unamortized debt discount and issuance costs total $8 million. |
| | 5 | Interest payments are due semiannually on January 22 and July 22, and as of March 31, 2018, the unamortized debt discount and issuance costs total $7 million. |
| | 6 | Interest payments are due semiannually on May 15 and November 15, and as of March 31, 2018, the unamortized debt discount and issuance costs total $4 million. |
|