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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Debt

The following table presents the Partnership’s outstanding debt.
 
March 31, 2020
 
December 31, 2019
 
Outstanding Principal
 
Discount (1)
 
Total Debt
 
Outstanding Principal
 
Premium (Discount) (1)
 
Total Debt
 
 
 
 
 
 
 
 
 
 
 
 
 
(In millions)
Commercial Paper
$
110

 
$
—

 
$
110

 
$
155

 
$
—

 
$
155

Revolving Credit Facility
300

 
—

 
300

 
—

 
—

 
—

2019 Term Loan Agreement
800

 
—

 
800

 
800

 
—

 
800

2024 Notes
600

 
—

 
600

 
600

 
—

 
600

2027 Notes
700

 
(2
)
 
698

 
700

 
(2
)
 
698

2028 Notes
800

 
(5
)
 
795

 
800

 
(5
)
 
795

2029 Notes
550

 
(1
)
 
549

 
550

 
(1
)
 
549

2044 Notes
550

 
—

 
550

 
550

 
—

 
550

EOIT Senior Notes
—

 
—

 
—

 
250

 
1

 
251

Total debt
$
4,410

 
$
(8
)
 
$
4,402

 
$
4,405

 
$
(7
)
 
$
4,398

Less: Short-term debt (2)
 
 
 
 
110

 
 
 
 
 
155

Less: Current portion of long-term debt (3)
 
 
 
 
—

 
 
 
 
 
251

Less: Unamortized debt expense (4)
 
 
 
 
22

 
 
 
 
 
23

Total long-term debt
 
 
 
 
$
4,270

 
 
 
 
 
$
3,969

____________________
(1)
Unamortized premium (discount) on long-term debt is amortized over the life of the respective debt.
(2)
Short-term debt includes $110 million and $155 million of outstanding commercial paper as of March 31, 2020 and December 31, 2019, respectively.
(3)
As of December 31, 2019, Current portion of long-term debt included $251 million outstanding balance of the EOIT Senior Notes which were repaid in March 2020.
(4)
As of March 31, 2020 and December 31, 2019, there was an additional $4 million of unamortized debt expense related to the Revolving Credit Facility included in Other assets, not included above.