Long-Term Borrowings, Capital Lease Obligations and License Agreements

6 Months Ended

Jun. 30, 2017

Long-Term Borrowings, Capital Lease Obligations and License Agreements

Long-Term Borrowings, Capital Lease Obligations and License Agreements

Note 4 — Long-Term Borrowings, Capital Lease Obligations and License Agreements

Refer to Note 12 of the Company’s audited financial statements for the year ended December 31, 2016, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC, for a discussion regarding long-term borrowings and capital lease obligations.

During the six months ended June 30, 2017, the Company repaid $234 million on outstanding debt, capital lease obligations and license agreements. In addition, $550 million of Senior Notes due June 1, 2018 became short term as of June 30, 2017.