Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of debt, net of discounts and debt issuance costs

The Company’s debt consisted of the following:

(In millions)	September 30, 2020		December 31, 2019
Short-term and current maturities of long-term debt:
Lines of credit	$	121	$	150
Finance lease and other financing obligations	244		137
Total short-term and current maturities of long-term debt	$	365	$	287
Long-term debt:
2.7% senior notes due 2020	$	—	$	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	584		559
2.75% senior notes due 2024	2,000		2,000
3.85% senior notes due 2025	900		900
2.25% senior notes due 2025	676		687
3.2% senior notes due 2026	2,000		2,000
1.125% senior notes due 2027	584		559
2.25% senior notes due 2027	1,000		—
4.2% senior notes due 2028	1,000		1,000
3.5% senior notes due 2029	3,000		3,000
1.625% senior notes due 2030	584		559
2.65% senior notes due 2030	1,000		—
3.0% senior notes due 2031	676		687
4.4% senior notes due 2049	2,000		2,000
Receivable securitized loan	500		500
Term loan facility	1,750		3,950
Unamortized discount and deferred financing costs	(161)		(160)
Revolving credit facility	219		174
Finance lease and other financing obligations	482		247
Total long-term debt	$	20,894	$	21,612

Schedule of annual maturities of total debt

Annual maturities of the Company’s total debt were as follows at September 30, 2020:

(In millions)
Year ending December 31,
Remainder of 2020	$	282
2021	177
2022	1,346
2023	2,334
2024	3,843
Thereafter	13,438
Total principal payments	21,420
Unamortized discount and deferred financing costs	(161)
Total debt	$	21,259