XML 47 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Debt and Banking Arrangements Schedule of Long-term Debt Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Debt Instrument Redemption [Table Text Block]
The following table summarizes the face values, maturity dates, semi-annual interest payment dates, and optional redemption periods related to the Company’s outstanding unsecured senior note obligations at December 31, 2019.
Senior NoteFace Value (Millions)Maturity DateInterest Payment DatesOptional Redemption Period(a)
6.000% Senior Notes due 2022 (the “2022 Notes”)$73  January 15, 2022January 15, July 15October 15, 2021
8.250% Senior Notes due 2023 (the “2023 Notes”)$406  August 1,
2023
February 1, August 1June 1, 2023
5.250% Senior Notes due 2024 (the “2024 Notes”)$650  September 15, 2024March 15, September 15June 15, 2024
5.750% Senior Notes due 2026 (the “2026 Notes”)$500  June 1,
2026
June 1, December 1June 1, 2021
5.250% Senior Notes due 2027 (the “2027 Notes”)$600  October 15,
2027
April 15, October 15 October 15, 2022
 __________
(a) At any time prior to these dates, we have the option to redeem some or all of the notes at a specified “make whole” premium as described in the indenture(s) governing the notes to be redeemed. On or after these dates, we have the option to redeem the notes, in whole or in part, at the applicable redemption prices set forth in the indenture, plus accrued and unpaid interest thereon to the redemption date as more fully described in the indenture.
Schedule of Debt [Table Text Block]
The following table presents a summary of our debt as of the dates indicated below.
 December 31,
 20192018
 (Millions)
Credit facility agreement $—  $330  
6.000% Senior Notes due 202273  529  
8.250% Senior Notes due 2023406  500  
5.250% Senior Notes due 2024650  650  
5.750% Senior Notes due 2026500  500  
5.250% Senior Notes due 2027600  —  
Total debt
$2,229  $2,509  
Less: Current portion of long-term debt—  —  
Total long-term debt
$2,229  $2,509  
Less: Debt issuance costs(a) 27  24  
Total long-term debt, net(a)
$2,202  $2,485  
__________
(a) Debt issuance costs related to our Credit Facility are recorded in other noncurrent assets on the Consolidated Balance Sheets.