Debt (Tables)

12 Months Ended

Dec. 31, 2020

The total outstanding debt is summarized below (in millions, except percentages):


	Maturity	Coupon Rate	Effective Interest Rate	As of December 31, 2019		As of December 31, 2020
Debt
2011-2016 Notes Issuances	2021 - 2026	2.00% - 3.63%	2.23% - 3.73%	$	4,000	$	4,000
2020 Notes Issuance	2025 - 2060	0.45% - 2.25%	0.57% - 2.33%	0		10,000
Future finance lease payments, net(1)				711		1,201
Total debt				4,711		15,201
Unamortized discount and debt issuance costs				(42)		(169)
Less: Current portion of Notes(2)				0		(999)
Less: Current portion future finance lease payments, net(1)(2)				(115)		(101)
Total long-term debt				$	4,554	$	13,932

(1)Net of imputed interest.

(2)Total current portion of long-term debt is included within other accrued expenses and current liabilities. See Note 7.

Schedule of debt maturities

As of December 31, 2020, the aggregate future principal payments for long-term debt, including finance lease liabilities, for each of the next five years and thereafter are as follows (in millions):


2021	$	1,104
2022	86
2023	86
2024	1,087
2025	1,088
Thereafter	11,868
Total	$	15,319

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details