Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

A summary of long-term debt at March 31, 2022 and December 31, 2021, including related interest rates at March 31, 2022 follows (dollars in millions):

	March 31, 2022			December 31, 2021
Senior secured asset-based revolving credit facility	$	—		$	2,780
Senior secured revolving credit facility		—			—
Senior secured term loan facilities (effective interest rate of 2.3%)		1,940			1,960
Senior secured notes (effective interest rate of 4.6%)		22,200			16,200
Other senior secured debt (effective interest rate of 4.0%)		927			935
Senior secured debt		25,067			21,875
Senior unsecured notes (effective interest rate of 5.5%)		12,952			12,952
Debt issuance costs and discounts		(323	)		(248	)
Total debt (average life of 10.2 years, rates averaging 4.8%)		37,696			34,579
Less amounts due within one year		1,486			237
	$	36,210		$	34,342