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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Debt

Debt consists of (in millions):

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

$1.1 billion in Senior Notes, interest at 3.95% payable

   semiannually, principal due on December 1, 2042

 

 

1,089

 

 

 

1,088

 

$0.5 billion in Senior Notes, interest at 3.60% payable

   semiannually, principal due on December 1, 2029

 

 

493

 

 

 

493

 

$0.2 billion in Senior Notes, interest at 2.60% payable

   semiannually, principal due on December 1, 2022

 

 

182

 

 

 

399

 

Other debt

 

 

70

 

 

 

9

 

Long-term debt

 

$

1,834

 

 

$

1,989

 

Principal Payments of Debt

Principal payments of debt for years subsequent to 2020 are as follows (in millions):

 

2021

 

 

 

2022

 

 

183

 

2023

 

 

13

 

2024

 

 

4

 

2025

 

 

14

 

Thereafter

 

 

1,620

 

 

 

$

1,834