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Debt and Credit Facilities
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Debt and Credit Facilities DEBT AND CREDIT FACILITIES
Senior Unsecured Notes
The following table summarizes our borrowings under our senior unsecured notes (in millions):
Carrying Amount
Issue DateMaturity DateInterest RateJune 30, 2020December 31, 2019
November 2014February 20202.35%$—  $500  
September 2015September 20202.55%2,000  1,999  
March 2011April 20214.50%999  998  
December 2011December 20214.40%1,249  1,248  
September 2016March 20221.95%499  499  
September 2015September 20223.25%998  998  
September 2016September 20232.50%747  747  
March 2014April 20243.70%1,745  1,745  
November 2014February 20253.50%1,746  1,746  
September 2015March 20263.65%2,735  2,734  
September 2016March 20272.95%1,246  1,245  
September 2015September 20354.60%991  991  
September 2016September 20364.00%741  741  
December 2011December 20415.65%996  995  
March 2014April 20444.80%1,734  1,734  
November 2014February 20454.50%1,732  1,731  
September 2015March 20464.75%2,218  2,217  
September 2016March 20474.15%1,726  1,725  
Total debt, net24,102  24,593  
Less: current portion2,999  2,499  
Total long-term debt, net$21,103  $22,094  
In February 2020, we repaid $500 million of our senior unsecured notes upon maturity. We are required to comply with certain covenants under our note indentures governing our senior notes. As of June 30, 2020, we were not in violation of any covenants.
Credit Facilities
In June 2020, we terminated our $2.5 billion revolving credit facility maturing in May 2021 (the “2016 Revolving Credit Facility”) and entered into a new $2.5 billion revolving credit facility maturing in June 2025 (the “2020 Revolving Credit Facility”), which has terms substantially similar to the 2016 Revolving Credit Facility. The 2020 Revolving Credit Facility can be used for working capital requirements and for general corporate purposes, including, without limitation, acquisitions. As of June 30, 2020 and December 31, 2019, there were no amounts outstanding under these revolving credit facilities.
The 2020 Revolving Credit Facility contains customary representations, warranties, affirmative and negative covenants and events of default. At June 30, 2020, we were not in violation of any covenants. Loans under the 2020 Revolving Credit Facility bear interest at either (i) the Eurodollar Rate plus the Applicable Percentage, or (ii) the Base Rate plus the Applicable Percentage, each as defined in the 2020 Revolving Credit Facility agreement. We may terminate or reduce the commitments, and may prepay any loans under the new credit facility in whole or in part at any time without premium or penalty.