Debt and Credit Facilities

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Debt and Credit Facilities

DEBT AND CREDIT FACILITIES

The following table summarizes our borrowings under various financing arrangements (in millions):

				Carrying Amount
Type of Borrowing	Issue Date	Maturity Date	Interest Rate	September 30, 2019		December 31, 2018
Senior Unsecured	September 2017	March 2019	3-month LIBOR + 0.22%	$	—	$	750
Senior Unsecured	March 2014	April 2019	2.05%	—		500
Senior Unsecured	September 2017	September 2019	1.85%	—		999
Senior Unsecured	September 2017	September 2019	3-month LIBOR + 0.25%	—		499
Senior Unsecured	November 2014	February 2020	2.35%	500		499
Senior Unsecured	September 2015	September 2020	2.55%	1,998		1,996
Senior Unsecured	March 2011	April 2021	4.50%	998		997
Senior Unsecured	December 2011	December 2021	4.40%	1,248		1,247
Senior Unsecured	September 2016	March 2022	1.95%	498		498
Senior Unsecured	September 2015	September 2022	3.25%	998		997
Senior Unsecured	September 2016	September 2023	2.50%	746		746
Senior Unsecured	March 2014	April 2024	3.70%	1,745		1,744
Senior Unsecured	November 2014	February 2025	3.50%	1,745		1,745
Senior Unsecured	September 2015	March 2026	3.65%	2,733		2,731
Senior Unsecured	September 2016	March 2027	2.95%	1,245		1,245
Senior Unsecured	September 2015	September 2035	4.60%	991		990
Senior Unsecured	September 2016	September 2036	4.00%	741		740
Senior Unsecured	December 2011	December 2041	5.65%	995		995
Senior Unsecured	March 2014	April 2044	4.80%	1,734		1,734
Senior Unsecured	November 2014	February 2045	4.50%	1,731		1,730
Senior Unsecured	September 2015	March 2046	4.75%	2,217		2,216
Senior Unsecured	September 2016	March 2047	4.15%	1,725		1,724
Total debt, net				24,588		27,322
Less current portion				2,498		2,748
Total long-term debt, net				$	22,090	$	24,574

We repaid $1.5 billion and $2.8 billion of our senior unsecured notes upon maturity during the three and nine months ended September 30, 2019, respectively. As of September 30, 2019 and December 31, 2018, there were no amounts outstanding under our $2.5 billion five-year revolving credit facility agreement maturing in May 2021. We are required to comply with certain covenants under our credit agreement and note indentures governing our senior notes. As of September 30, 2019, we were not in violation of any covenants.