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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
A summary of long-term debt at March 31, 2020 and December 31, 2019, including related interest rates at March 31, 2020, follows (dollars in millions):
 
March 31,
2020
 
 
December 31,
2019
 
Senior secured asset-based revolving credit facility (effective interest rate of 2.1%)
 
$
3,750
 
  $
2,480
 
Senior secured revolving credit facility (effective interest rate of 2.2%)
 
 
170
 
   
 
Senior secured 364-day term loan facility
 
 
 
   
 
Senior secured term loan facilities (effective interest rate of 3.0%)
 
 
3,711
 
   
3,725
 
Senior secured notes (effective interest rate of 5.1%)
 
 
13,850
 
   
13,850
 
Other senior secured debt (effective interest rate of 5.2%)
 
 
686
 
   
654
 
                 
Senior secured debt
 
 
22,167
 
   
20,709
 
Senior unsecured notes (effective interest rate of 5.5%)
 
 
12,952
 
   
13,252
 
Debt issuance costs and discounts
 
 
(258
)
   
(239
)
                 
Total debt (average life of 8.8 years, rates averaging 4.7%)
 
 
34,861
 
   
33,722
 
Less amounts due within one year
 
 
162
 
   
145
 
                 
 
$
34,699
 
  $
33,577