v3.8.0.1
Borrowings (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31, 2018 included the following:

 

(in millions)

 

Maturity Amount

 

 

Unamortized

Discount

and Debt

Issuance Costs

 

 

Carrying Value

 

 

Fair Value

 

5.00% Notes due 2019

 

$

1,000

 

 

$

 

 

$

1,000

 

 

$

1,039

 

4.25% Notes due 2021

 

 

750

 

 

 

(2

)

 

 

748

 

 

 

774

 

3.375% Notes due 2022

 

 

750

 

 

 

(4

)

 

 

746

 

 

 

759

 

3.50% Notes due 2024

 

 

1,000

 

 

 

(6

)

 

 

994

 

 

 

1,006

 

1.25% Notes due 2025

 

 

861

 

 

 

(6

)

 

 

855

 

 

 

877

 

3.20% Notes due 2027

 

 

700

 

 

 

(7

)

 

 

693

 

 

 

679

 

Total Long-term Borrowings

 

$

5,061

 

 

$

(25

)

 

$

5,036

 

 

$

5,134