Debt (Tables)

9 Months Ended

Sep. 30, 2017

	September 30,		December 31,
(In millions)	2017		2016
Short-term:
Current maturities of long-term debt	$	131	$	250
Other, including capital leases		10		26
Total short-term debt	$	141	$	276
Long-term:
$131 million, 6.35% Notes due 2018	$	-	$	131
$250 million, 4.375% Notes due 2020 ⁽¹⁾		252		252
$300 million, 5.125% Notes due 2020 ⁽¹⁾		301		301
$78 million, 6.37% Notes due 2021		78		78
$300 million, 4.5% Notes due 2021⁽¹⁾		301		302
$750 million, 4% Notes due 2022		745		744
$100 million, 7.65% Notes due 2023		100		100
$17 million, 8.3% Notes due 2023		17		17
$900 million, 3.25% Notes due 2025		894		893
$600 million, 3.05% Notes due 2027		594		-
$259 million, 7.875% Debentures due 2027 ⁽²⁾		258		299
$45 million, 8.3% Step Down Notes due 2033⁽²⁾		45		82
$191 million, 6.15% Notes due 2036 ⁽²⁾		190		498
$121 million, 5.875% Notes due 2041⁽²⁾		119		296
$317 million, 5.375% Notes due 2042⁽²⁾		314		743
$1,000 million, 3.875% Notes due 2047		987		-
Other, including capital leases		12		20
Total long-term debt	$	5,207	$	4,756

The Company has entered into interest rate swap contracts hedging a portion of these fixed-rate debt instruments. See Note 11 for further information about the Company’s interest rate risk management and these derivative instruments.
The Company redeemed a portion of these debt issues through a cash tender offer in September 2017, the aggregate amount of which was $1.0 billion.

(In millions)
Debt Instrument	Principal		Term	Maturity	Stated Interest Rate		Effective Interest Rate		Amount net of discount and fees		Interest payment dates
10-Year Notes	$	600	10-Year	October 15, 2027	3.05	%	3.183	%	$	594	April 15 and October 15
30-Year Notes	$	1,000	30-Year	October 15, 2047	3.875	%	3.951	%	$	987	April 15 and October 15