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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
A summary of long-term debt at September 30, 2020 and December 31, 2019, including related interest rates at September 30, 2020, follows (dollars in millions):
 
 
  
September 30,

2020
 
 
December 31,

2019
 
Senior secured asset-based revolving credit facility
  
$
—
 
 
$
2,480
 
Senior secured revolving credit facility
  
 
—
 
 
 
—
 
Senior secured
364-day
term loan facility
  
 
—
 
 
 
—
 
Senior secured term loan facilities (effective interest rate of 2.8%)
  
 
3,684
 
 
 
3,725
 
Senior secured notes (effective interest rate of 5.1%)
  
 
13,850
 
 
 
13,850
 
Other senior secured debt (effective interest rate of 5.0%)
  
 
723
 
 
 
654
 
  
 
 
    
 
 
  
Senior secured debt
  
 
18,257
 
 
 
20,709
 
Senior unsecured notes (effective interest rate of 5.5%)
  
 
12,952
 
 
 
13,252
 
Debt issuance costs and discounts
  
 
(245
) 
 
 
(239
) 
  
 
 
    
 
 
  
Total debt (average life of 9.1 years, rates averaging 5.0%)
  
 
30,964
 
 
 
33,722
 
Less amounts due within one year
  
 
172
 
 
 
145
 
  
 
 
    
 
 
  
  
$
30,792
 
 
$
33,577