Indebtedness (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Long-Term Debt

At June 30, 2020 and December 31, 2019, PMI’s long-term debt consisted of the following:

(in millions)	June 30, 2020		December 31, 2019
U.S. dollar notes, 1.125% to 6.375% (average interest rate 3.342%), due through 2044	$	19,726	$	19,783
Foreign currency obligations:
Euro notes, 0.125% to 3.125% (average interest rate 1.983%), due through 2039	8,498		9,822
Swiss franc notes, 1.000% to 2.000% (average interest rate 1.521%), due through 2024	926		899
Other (average interest rate 3.058%), due through 2025	197		203
	29,347		30,707
Less current portion of long-term debt	2,304		4,051
	$	27,043	$	26,656

Schedule of Committed Credit Facilities

At June 30, 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

Schedule Of Debt Issuances During Current Period

PMI's debt issuances in the first six months of 2020 were as follows:

(in millions)
Type		Face Value	Interest Rate	Issuance	Maturity
U.S. dollar notes	(a)	$750	1.125%	May 2020	May 2023
U.S. dollar notes	(a)	$750	1.500%	May 2020	May 2025
U.S. dollar notes	(a)	$750	2.100%	May 2020	May 2030

^(a) Interest on these notes is payable semi-annually in arrears beginning in November 2020.