Debt (Tables)

6 Months Ended

Jun. 30, 2021


	June 30, 2021		December 31, 2020

5.400% Notes, due 2021(1)	$	—	$	361
5.870% Notes, due 2022(2)	—		476
5.125% Notes, due 2024	1,250		1,250
6.875% Notes, due 2025	1,200		1,200
5.900% Notes, due 2027	625		625
6.750% Bonds, due 2028	300		300
5.950% Notes due 2037	625		625
4.750% Iowa Finance Authority Loan, due 2042	250		250
Other(3)	(10)		(12)
	4,240		5,075
Less: amount due within one year	13		376
Total long-term debt	$	4,227	$	4,699

(1)Redeemed on January 15, 2021.

(2)Redeemed on May 3, 2021.

(3)Includes various financing arrangements related to subsidiaries, unamortized debt discounts and unamortized debt issuance costs related to outstanding notes and bonds listed in the table above.

Schedule Of Debt Covenant Information

The Company is required to maintain a ratio of Consolidated Net Debt (as defined in the Credit Agreement) to Consolidated EBITDA (as defined in the Credit Agreement) as of each fiscal quarter for the period of the four fiscal quarters of the Company most recently ended as follows:


			No greater than

(i) for the quarter ending June 30, 2021			5.50 to 1.00
(ii) for the quarter ending September 30, 2021			5.00 to 1.00
(iii) for the quarter ending December 31, 2021			4.75 to 1.00
(iv) for the quarter ending March 31, 2022			4.50 to 1.00
(v) for the quarter ending June 30, 2022			4.50 to 1.00
(vi) for the quarter ending September 30, 2022			4.25 to 1.00
(vii) for the quarter ending December 31, 2022			3.75 to 1.00
(viii) for the quarter ending March 31, 2023 and thereafter			3.50 to 1.00