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Indebtedness (Tables)

3 Months Ended

Mar. 31, 2020

At March 31, 2020 and December 31, 2019, PMI’s long-term debt consisted of the following:



(in millions)	March 31, 2020		December 31, 2019
U.S. dollar notes, 1.875% to 6.375% (average interest rate 3.567%), due through 2044	$	17,489	$	19,783
Foreign currency obligations:
Euro notes, 0.125% to 3.125% (average interest rate 1.983%), due through 2039	8,331		9,822
Swiss franc notes, 1.000% to 2.000% (average interest rate 1.521%), due through 2024	915		899
Other (average interest rate 3.009%), due through 2025	197		203
	26,932		30,707
Less current portion of long-term debt	1,933		4,051
	$	24,999	$	26,656

Schedule of Committed Credit Facilities

At March 31, 2020, PMI's total committed credit facilities were as follows:

(in billions)



Type	Committed Credit Facilities
364-day revolving credit, expiring February 2, 2021	$	2.0
Multi-year revolving credit, expiring October 1, 2022	3.5
Multi-year revolving credit, expiring February 10, 2025	2.0
Total facilities	$	7.5

- 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