v3.19.2
Borrowings (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Carrying Value and Fair Value of Long-Term Borrowings Determined Market Prices EUR/USD Foreign Exchange Rate

The carrying value and fair value of long-term borrowings determined using market prices and EUR/USD foreign exchange rate at June 30, 2019 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

 

 

$

1,011

 

4.25% Notes due 2021

 

 

750

 

 

 

(1

)

 

 

749

 

 

 

780

 

3.375% Notes due 2022

 

 

750

 

 

 

(2

)

 

 

748

 

 

 

777

 

3.50% Notes due 2024

 

 

1,000

 

 

 

(5

)

 

 

995

 

 

 

1,062

 

1.25% Notes due 2025

 

 

797

 

 

 

(6

)

 

 

791

 

 

 

849

 

3.20% Notes due 2027

 

 

700

 

 

 

(5

)

 

 

695

 

 

 

731

 

3.25% Notes due 2029

 

 

1,000

 

 

 

(14

)

 

 

986

 

 

 

1,047

 

Total Long-term Borrowings

 

$

5,997

 

 

$

(33

)

 

$

5,964

 

 

$

6,257