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Debt
6 Months Ended
Jun. 28, 2020
Debt Disclosure [Abstract]  
Debt Debt
On May 1, 2020, NXP B.V., together with NXP Funding LLC and NXP USA, Inc., issued $500 million of 2.7% senior unsecured notes due May 1, 2025, $500 million of 3.15% senior unsecured notes due May 1, 2027 and $1 billion of 3.4% senior unsecured notes due May 1, 2030.

The following table summarizes the outstanding debt as of June 28, 2020 and December 31, 2019:
June 28, 2020December 31, 2019
MaturitiesAmountEffective
rate
AmountEffective
rate
Fixed-rate 4.125% senior unsecured notes
Jun, 20211,350  4.125  1,350  4.125  
Fixed-rate 4.625% senior unsecured notes
Jun, 2022400  4.625  400  4.625  
Fixed-rate 3.875% senior unsecured notes
Sep, 20221,000  3.875  1,000  3.875  
Fixed-rate 4.625% senior unsecured notes
Jun, 2023900  4.625  900  4.625  
Fixed-rate 4.875% senior unsecured notes
Mar, 20241,000  4.875  1,000  4.875  
Fixed-rate 2.7% senior unsecured notes
May, 2025500  2.700  —  —  
Fixed-rate 5.35% senior unsecured notes
Mar, 2026500  5.350  500  5.350  
Fixed-rate 3.875% senior unsecured notes
Jun, 2026750  3.875  750  3.875  
Fixed-rate 3.15% senior unsecured notes
May, 2027500  3.150  —  —  
Fixed-rate 5.55% senior unsecured notes
Dec, 2028500  5.550  500  5.550  
Fixed-rate 4.3% senior unsecured notes
Jun, 20291,000  4.300  1,000  4.300  
Fixed-rate 3.4% senior unsecured notes
May, 20301,000  3.400  —  —  
Floating-rate revolving credit facility (RCF)Jun, 2024—  —  —  —  
Total principal9,400  7,400  
Unamortized discounts, premiums and debt
issuance costs
(47) (35) 
Total debt, including unamortized discounts,
premiums, debt issuance costs and fair value
adjustments
9,353  7,365  
Less: current portion of long-term debt1,349  —  
Long-term debt8,004  7,365