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Debt (Tables)
9 Months Ended
Sep. 30, 2018
Debt  
Components of Debt

The following table summarizes the major components of debt as of each balance sheet date (in millions) and provides the maturities and interest rate ranges of each major category as of September 30, 2018:

 

 

 

 

 

 

 

 

 

September 30, 

 

December 31, 

 

    

2018

    

2017

Revolving credit facility (weighted average interest rate of 2.7% as of September 30, 2018)

 

$

44

 

$

 —

Commercial paper program (weighted average interest rate of 2.4% as of September 30, 2018 and 1.9% as of December 31, 2017)

 

 

1,053

 

 

515

Canadian term loan and revolving credit facility (weighted average effective interest rate of 2.5% as of December 31, 2017)

 

 

 —

 

 

113

Senior notes, maturing through 2045, interest rates ranging from 2.4% to 7.75% (weighted average interest rate of 4.3% as of September 30, 2018 and December 31, 2017)

 

 

6,222

 

 

6,222

Tax-exempt bonds, maturing through 2045, fixed and variable interest rates ranging from 1.35% to 4.3% (weighted average interest rate of 2.2% as of September 30, 2018 and 2.0% as of December 31, 2017)

 

 

2,318

 

 

2,370

Capital leases and other, maturing through 2040, interest rates up to 12%

 

 

431

 

 

327

Debt issuance costs, discounts and other

 

 

(52)

 

 

(56)

 

 

 

10,016

 

 

9,491

Current portion of long-term debt

 

 

447

 

 

739

 

 

$

9,569

 

$

8,752