Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consists of the following:

$ in millions		December 31
		2019			2018
Fixed-rate notes and debentures, maturing in	Interest rate
2019	5.05%	$	—		$	500
2020	2.08%	1,000			1,000
2021	3.50%	700			700
2022	2.55%	1,500			1,500
2023	3.25%	1,050			1,050
2025	2.93%	1,500			1,500
2026	7.75% - 7.88%	527			527
2027	3.20%	750			750
2028	3.25%	2,000			2,000
2031	7.75%	466			466
2040	5.05%	300			300
2043	4.75%	950			950
2045	3.85%	600			600
2047	4.03%	2,250			2,250
Credit facilities	1.89%	78			108
Other	Various	272			272
Debt issuance costs		(64		)	(73		)
Total long-term debt		13,879			14,400
Less: current portion(1)		1,109			517
Long-term debt, net of current portion		$	12,770		$	13,883

⁽¹⁾ The current portion of long-term debt is recorded in Other current liabilities in the consolidated statements of financial position.

Long-term debt maturities

Maturities of long-term debt as of December 31, 2019, are as follows:

$ in millions
Year Ending December 31
2020	$	1,110
2021	742
2022	1,505
2023	1,053
2024	3
Thereafter	9,532
Total principal payments	13,945
Unamortized premium on long-term debt, net of discount	(2		)
Debt issuance costs	(64		)
Total long-term debt	$	13,879