| Schedule of Debt |
Debt consists of the following ($ in millions):
|
|
|
|
|
|
|
|
|
|
March 31, 2020 |
|
December 31, 2019 |
$1,000 million 4.75% Senior Notes, due May 15, 2022 |
$ |
1,007 |
|
|
$ |
1,004 |
|
$1,000 million 6.125% Senior Notes, due February 15, 2024 |
— |
|
|
1,000 |
|
$2,200 million 4.75% Senior Notes, due January 15, 2025 |
2,236 |
|
|
2,228 |
|
$1,200 million 5.250% Senior Notes due April 1, 2025 |
1,250 |
|
|
— |
|
$1,800 million 5.375% Senior Notes, due June 1, 2026
|
1,800 |
|
|
1,800 |
|
$750 million 5.375% Senior Notes due August 15, 2026 |
800 |
|
|
— |
|
$2,500 million 4.25% Senior Notes due December 15, 2027 |
2,480 |
|
|
2,479 |
|
$3,500 million 4.625% Senior Notes due December 15, 2029 |
3,500 |
|
|
3,500 |
|
$2,000 million 3.375% Senior Notes due February 15, 2030 |
2,000 |
|
|
— |
|
Fair value of interest rate swap agreements |
— |
|
|
(1 |
) |
Total senior notes |
15,073 |
|
|
12,010 |
|
Term loan credit facility |
1,450 |
|
|
1,450 |
|
Revolving credit agreement |
588 |
|
|
93 |
|
Mortgage notes payable |
53 |
|
|
54 |
|
Construction loan payable |
149 |
|
|
140 |
|
Finance leases and other |
119 |
|
|
122 |
|
Debt issuance costs |
(153 |
) |
|
(143 |
) |
Total debt |
17,279 |
|
|
13,726 |
|
Less current portion |
(129 |
) |
|
(88 |
) |
Long-term debt |
$ |
17,150 |
|
|
$ |
13,638 |
|
|