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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Outstanding Debt
The table below presents the components of outstanding debt (in millions).
June 30, 2020December 31, 2019
2.800% Senior notes, semi-annual interest, due June 2020$—  $600  
4.375% Senior notes, semi-annual interest, due June 2021335  640  
2.375% Senior notes, euro denominated, annual interest, due March 2022339  336  
3.300% Senior notes, semi-annual interest, due May 2022168  496  
3.500% Senior notes, semi-annual interest, due June 202262  400  
2.950% Senior notes, semi-annual interest, due March 2023796  1,167  
3.250% Senior notes, semi-annual interest, due April 2023192  350  
3.800% Senior notes, semi-annual interest, due March 2024450  450  
2.500% Senior notes, sterling denominated, annual interest, due September 2024493  525  
3.900% Senior notes, semi-annual interest, due November 2024497  497  
3.450% Senior notes, semi-annual interest, due March 2025300  300  
3.950% Senior notes, semi-annual interest, due June 2025500  500  
4.900% Senior notes, semi-annual interest, due March 2026700  700  
1.900% Senior notes, euro denominated, annual interest, due March 2027678  673  
3.950% Senior notes, semi-annual interest, due March 20281,700  1,700  
4.125% Senior notes, semi-annual interest, due May 2029750  750  
3.625% Senior notes, semi-annual interest, due May 20301,000  —  
5.000% Senior notes, semi-annual interest, due September 20371,250  1,250  
6.350% Senior notes, semi-annual interest, due June 2040850  850  
4.950% Senior notes, semi-annual interest, due May 2042500  500  
4.875% Senior notes, semi-annual interest, due April 2043850  850  
5.200% Senior notes, semi-annual interest, due September 20471,250  1,250  
5.300% Senior notes, semi-annual interest, due May 2049750  750  
4.650% Senior notes, semi-annual interest, due May 20501,000  —  
Program financing line of credit, quarterly interest based on adjusted LIBOR or variable prime rate4  10  
Total debt15,414  15,544  
Unamortized discount, premium and debt issuance costs, net (a)
(131) (125) 
Debt, net of unamortized discount, premium and debt issuance costs15,283  15,419  
Current portion of debt(339) (609) 
Noncurrent portion of debt$14,944  $14,810  
(a) Current portion of unamortized discount, premium, and debt issuance costs, net is $1 million.
Schedule Of Maximum Consolidated Leverage Ratio
The financial covenants were modified to reset the Maximum Consolidated Leverage Ratio as set forth below:
Measurement Period EndingMaximum Consolidated Leverage Ratio
March 31, 2020 and June 30, 2020
5.00:1.00
September 30, 2020 through March 31, 2021
5.50:1.00
June 30, 2021
5.00:1.00
September 30, 2021 and thereafter
4.50:1.00