Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

Our debt consists of the following:

	At			At
	March 31, 2020			December 31, 2019
Commercial paper		$	312		$	699
Short-term bank borrowings		200			—
4.30% Senior Notes due 2021		300			300
4.50% Senior Notes due 2021		499			499
3.875% Senior Notes due 2021		598			597
2.250% Senior Notes due 2022		49			49
3.375% Senior Notes due 2022		698			698
3.125% Senior Notes due 2022		194			194
2.50% Senior Notes due 2023		398			398
3.25% Senior Notes due 2023		181			181
2.90% Senior Notes due 2023		397			396
4.25% Senior Notes due 2023		1,242			1,242
7.875% Debentures due 2023		187			187
7.125% Senior Notes due 2023		46			46
3.875% Senior Notes due 2024		489			489
3.70% Senior Notes due 2024		598			598
3.50% Senior Notes due 2025		592			592
4.00% Senior Notes due 2026		789			789
3.45% Senior Notes due 2026		123			123
2.90% Senior Notes due 2027		688			688
3.375% Senior Notes due 2028		494			494
3.70% Senior Notes due 2028		491			491
4.20% Senior Notes due 2029		493			493
7.875% Senior Debentures due 2030		831			831
5.50% Senior Debentures due 2033		426			426
4.85% Senior Debentures due 2034		87			87
6.875% Senior Debentures due 2036		1,069			1,068
6.75% Senior Debentures due 2037		75			75
5.90% Senior Notes due 2040		297			297
4.50% Senior Debentures due 2042		45			45
4.85% Senior Notes due 2042		487			486
4.375% Senior Debentures due 2043		1,111			1,109
4.875% Senior Debentures due 2043		18			18
5.850% Senior Debentures due 2043		1,231			1,231
5.25% Senior Debentures due 2044		345			345
4.90% Senior Notes due 2044		539			539
4.60% Senior Notes due 2045		589			589
5.875% Junior Subordinated Debentures due 2057		643			643
6.25% Junior Subordinated Debentures due 2057		643			643
Obligations under finance leases		43			44
Total debt (a)		18,537			18,719
Less commercial paper		312			699
Less short-term bank borrowings		200			—
Less current portion of long-term debt		20			18
Total long-term debt, net of current portion		$	18,005		$	18,002

(a) At March 31, 2020 and December 31, 2019, the senior debt balances included (i) a net unamortized discount of $406 million and $412 million, respectively, (ii) unamortized deferred financing costs of $90 million and $92 million at March 31, 2020 and December 31, 2019, respectively, and (iii) a $6 million decrease in the carrying value of the debt relating to previously settled fair value hedges at both March 31, 2020 and December 31, 2019. The face value of our total debt was $19.04 billion and $19.23 billion at March 31, 2020 and December 31, 2019, respectively.