Debt and Credit Agreements

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Debt and Credit Agreements

Debt and Credit Agreements

The Company’s debt and credit agreements consisted of the following:

(In millions)	March 31, 2022		December 31, 2021
Total debt
6.51% weighted-average private placement senior notes	$	37	$	37
5.58% weighted-average private placement senior notes (1)	87		87
3.65% weighted-average private placement senior notes	825		825
4.375% senior notes due June 1, 2024	750		750
3.90% senior notes due May 15, 2027	750		750
4.375% senior notes due March 15, 2029	500		500
Revolving credit facility	—		—
Net premium (discount)	175		185
Unamortized debt issuance costs	(9)		(9)
	$	3,115	$	3,125

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(1) Includes $25 million of current portion of long-term debt at March 31, 2022 due in January 2023.

At March 31, 2022, the Company was in compliance with all financial and other covenants for both its revolving credit facility and senior notes.

Revolving Credit AgreementAt March 31, 2022, the Company had no borrowings outstanding under its revolving credit facility and unused commitments of $1.5 billion.