Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of debt, net of discounts and debt issuance costs

The Company’s debt consisted of the following at December 31:

(In millions)	2019			2018
Short-term and current maturities of long-term debt:
Lines of credit	$	150		$	—
Finance lease and other financing obligations	137			4
Total short-term and current maturities of long-term debt	$	287		$	4
Long-term debt:
2.7% senior notes due 2020	$	850		$	850
4.75% senior notes due 2021	400			400
3.5% senior notes due 2022	700			700
3.8% senior notes due 2023	1,000			1,000
0.375% senior notes due 2023	559			—
2.75% senior notes due 2024	2,000			—
3.85% senior notes due 2025	900			900
2.25% senior notes due 2025	687			—
3.2% senior notes due 2026	2,000			—
1.125% senior notes due 2027	559			—
4.2% senior notes due 2028	1,000			1,000
3.5% senior notes due 2029	3,000			—
1.625% senior notes due 2030	559			—
3.0% senior notes due 2031	687			—
4.4% senior notes due 2049	2,000			—
Receivable securitized loan	500			—
Term loan facility	3,950			—
Unamortized discount and deferred financing costs	(160		)	(29		)
Revolving credit facility	174			1,129
Finance lease and other financing obligations	247			5
Total long-term debt	$	21,612		$	5,955

Schedule of annual maturities of total debt

Annual maturities of the Company’s total debt were as follows at December 31, 2019:

(In millions)
Year ending December 31,
2020	$	287
2021	520
2022	2,546
2023	2,608
2024	4,702
Thereafter	11,396
Total principal payments	22,059
Unamortized discount and deferred financing costs	(160		)
Total debt	$	21,899