Notes Payable (Tables) - Notes Payable

9 Months Ended

Sep. 30, 2017

Debt

Summary of debt

Our senior unsecured notes and bonds consist of the following, sorted by maturity date (dollars in millions):

	September 30,			December 31,
	2017			2016
5.375% notes, issued in September 2005 and due in September 2017	$	-		$	175
2.000% notes, issued in October 2012 and due in January 2018	350			350
6.750% notes, issued in September 2007 and due in August 2019	550			550
5.750% notes, issued in June 2010 and due in January 2021	250			250
3.250% notes, issued in October 2012 and due in October 2022	450			450
4.650% notes, issued in July 2013 and due in August 2023	750			750
3.875% notes, issued in June 2014 and due in July 2024	350			350
4.125% notes, $250 issued in September 2014 and $400 issued in March 2017, both due in October 2026	650			250
3.000% notes, issued in October 2016 and due in January 2027	600			600
5.875% bonds, $100 issued in March 2005 and $150 issued in June 2011, both due in March 2035	250			250
4.650% notes, issued in March 2017 and due in March 2047	300			-
Total principal amount	4,500			3,975
Unamortized original issuance discounts and deferred financing costs	(31		)	(41		)
	$	4,469		$	3,934

Schedule of maturity of debt, net

The following table summarizes the maturity of our notes and bonds payable as of September 30, 2017, excluding unamortized original issuance discounts and deferred financing costs (dollars in millions):

Year of Maturity	Principal
2017	$	-
2018	350
2019	550
2020	-
2021	250
Thereafter	3,350
Totals	$	4,500