v3.19.3.a.u2
Borrowings (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2019 included the following:

 

(in millions)

Maturity Amount

 

 

Unamortized

Discount and Debt Issuance Costs

 

 

Carrying Value

 

 

Fair Value

 

4.25% Notes due 2021

$

750

 

 

$

(1

)

 

$

749

 

 

$

775

 

3.375% Notes due 2022

 

750

 

 

 

(2

)

 

 

748

 

 

 

777

 

3.50% Notes due 2024

 

1,000

 

 

 

(4

)

 

 

996

 

 

 

1,062

 

1.25% Notes due 2025

 

786

 

 

 

(5

)

 

 

781

 

 

 

832

 

3.20% Notes due 2027

 

700

 

 

 

(5

)

 

 

695

 

 

 

740

 

3.25% Notes due 2029

 

1,000

 

 

 

(14

)

 

 

986

 

 

 

1,068

 

Total Long-term Borrowings

$

4,986

 

 

$

(31

)

 

$

4,955

 

 

$

5,254