Long-term Debt (Tables)

9 Months Ended

Sep. 30, 2019

The following table provides a summary of the Company's outstanding long-term debt and the fair values based on quoted market prices in less active markets as of September 30, 2019 and December 31, 2018:



						Level 2 Fair Value as of
	Principal Amount at Par		Issuance Date	Maturity	Interest Payment Dates	September 30, 2019		December 31, 2018
	(in millions)					(in millions)
5.375% Senior Notes	$	500	February 2013	February 2021	February and August	$	516	$	509
5.500% Senior Notes	700		February 2015	February 2022	April and October	744		706
5.750% Senior Notes	400		February 2014	March 2024	March and September	438		407
5.875% Senior Notes	800		February 2015	February 2025	April and October	881		812
4.375% Senior Notes	1,000		October 2016	November 2026	May and November	1,016		915
3.625% Senior Notes (1)	1,418		May 2017	May 2027	May and November	1,507		1,446
4.875% Senior Notes	1,600		October 2017	April 2028	April and October	1,629		1,464
5.875% Senior Notes	1,900		April 2018	November 2028	May and November	2,069		1,851
4.625% Senior Notes (2)	1,199		October 2018	May 2029	May and November	1,336		1,241
6.375% Senior Notes	800		October 2018	May 2029	May and November	888		797
3.875% Senior Notes (3)	1,308		April 2019	November 2029	June and December	1,392		—
5.375% Senior Notes	900		April 2019	November 2029	June and December	940		—
	$	12,525

(1) Debt is denominated in euro with a €1,300 million principal amount. Total proceeds were $1,421 million.

(2) Debt is denominated in euro with a €1,100 million principal amount. Total proceeds were $1,262 million.

(3) Debt is denominated in euro with a €1,200 million principal amount. Total proceeds were $1,343 million.

Schedule of Maturities of Long-term Debt

The expected timing of principal and interest payments for these Notes are as follows:



	As of
	September 30, 2019		December 31, 2018
	(in thousands)
Less than one year	$	638,318	$	538,384
Due after one year and through three years	2,404,589		1,550,581
Due after three years and through five years	1,509,068		1,646,101
Due after five years	13,095,347		11,138,129
Total debt obligations	$	17,647,322	$	14,873,195

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details