Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Abstract]

Long-Term Debt Obligations

The face value of our total long-term debt obligations is as follows (in millions):

	December 31,
	2016			2017
1.200% Notes due on November 29, 2017	$	1,000		$	—
2.600% Notes due on December 5, 2019 (2)	1,000			1,000
1.900% Notes due on August 21, 2020 (3)	—			1,000
3.300% Notes due on December 5, 2021 (2)	1,000			1,000
2.500% Notes due on November 29, 2022 (1)	1,250			1,250
2.400% Notes due on February 22, 2023 (3)	—			1,000
2.800% Notes due on August 22, 2024 (3)	—			2,000
3.800% Notes due on December 5, 2024 (2)	1,250			1,250
5.200% Notes due on December 3, 2025 (4)	—			1,000
3.150% Notes due on August 22, 2027 (3)	—			3,500
4.800% Notes due on December 5, 2034 (2)	1,250			1,250
3.875% Notes due on August 22, 2037 (3)	—			2,750
4.950% Notes due on December 5, 2044 (2)	1,500			1,500
4.050% Notes due on August 22, 2047 (3)	—			3,500
4.250% Notes due on August 22, 2057 (3)	—			2,250
Credit Facility	495			592
Other long-term debt	93			100
Total debt	8,838			24,942
Less current portion of long-term debt	(1,056		)	(100		)
Face value of long-term debt	$	7,782		$	24,842

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(1) Issued in November 2012, effective interest rate of the 2022 Notes were 2.66%.

(2) Issued in December 2014, effective interest rates of the 2019, 2021, 2024, 2034, and 2044 Notes were 2.73%, 3.43%, 3.90%, 4.92%, and 5.11%.

(3) Issued in August 2017, effective interest rates of the 2020, 2023, 2024, 2027, 2037, 2047, and 2057 Notes were 2.16%, 2.56%, 2.95%, 3.25%, 3.94%, 4.13%, and 4.33%.

(4) Consists of $872 million of 2025 Notes issued in December 2017 in exchange for notes assumed in connection with the acquisition of Whole Foods Market and $128 million of 2025 Notes issued by Whole Foods Market that did not participate in our December 2017 exchange offer. The effective interest rate of the 2025 Notes was 3.02%.

Future Principal Payments for Debt

As of December 31, 2017, future principal payments for our total debt were as follows (in millions):

Year Ended December 31,
2018	$	100
2019	1,334
2020	1,258
2021	1,000
2022	1,250
Thereafter	20,000
	$	24,942