Debt Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2020

The Company’s long-term debt consisted of the following:


Debt Instrument
Interest Rate	Face Amount		Due Date	December 31, 2020		December 31, 2019
				(In millions)
2.5% Notes	$1 billion		2026	$	995	$	994

3.25% Notes	$1 billion		2030	987		—

1% Notes	€650 million		2025	789		723

1.75% Notes	€600 million		2023	731		669

4.5% Notes	$600 million		2049	588		587

2.75% Notes	$500 million		2025	493		—

5.375% Debentures	$432 million	(4)	2035	424		461

3.75% Notes	$408 million	(1)	2047	402		493

5.935% Debentures	$336 million	(6)	2032	333		379

0% Bonds	$300 million		2023	330		—

5.765% Debentures	$297 million	(5)	2041	297		378

4.535% Debentures	$383 million	(3)	2042	281		384

4.016% Debentures	$371 million	(2)	2043	255		389

7% Debentures	$160 million	(11)	2031	159		163

6.95% Debentures	$157 million	(10)	2097	154		155

7.5% Debentures	$147 million	(12)	2027	146		150

6.625% Debentures	$144 million	(8)	2029	144		159

6.75% Debentures	$103 million	(9)	2027	103		117

6.45% Debentures	$103 million	(7)	2038	102		126

4.479% Debentures	$516 million		2021	—		500

3.375% Notes	$400 million		2022	—		398







Other				174		454
Total long-term debt including current maturities				7,887		7,679
Current maturities				(2)		(7)
Total long-term debt				$	7,885	$	7,672

(1) $500 million face amount in 2019 (10) $159 million face amount in 2019

(2) $570 million face amount in 2019 (11) $164 million face amount in 2019

(3) $528 million face amount in 2019 (12) $150 million face amount in 2019

(4) $470 million face amount in 2019

(5) $378 million face amount in 2019

(6) $383 million face amount in 2019

(7) $127 million face amount in 2019

(8) $160 million face amount in 2019

(9) $118 million face amount in 2019

- 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