v3.7.0.1
Borrowings (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Carrying Value and Fair Value of Long-Term Borrowings

The carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at June 30, 2017 included the following:

 

(in millions)

 

Maturity Amount

 

 

Unamortized

Discount

and Debt

Issuance Costs

 

 

Carrying Value

 

 

Fair Value

 

5.00% Notes due 2019

 

$

1,000

 

 

$

(1

)

 

$

999

 

 

$

1,074

 

4.25% Notes due 2021

 

 

750

 

 

 

(4

)

 

 

746

 

 

 

805

 

3.375% Notes due 2022

 

 

750

 

 

 

(4

)

 

 

746

 

 

 

780

 

3.50% Notes due 2024

 

 

1,000

 

 

 

(6

)

 

 

994

 

 

 

1,050

 

1.25% Notes due 2025

 

 

798

 

 

 

(6

)

 

 

792

 

 

 

809

 

3.20% Notes due 2027

 

 

700

 

 

 

(7

)

 

 

693

 

 

 

707

 

Total Long-term Borrowings

 

$

4,998

 

 

$

(28

)

 

$

4,970

 

 

$

5,225