The Company had outstanding debt as follows: | | | | | | | | | | | | | September 30, 2019 | | September 30, 2018 | | Effective Interest Rate(1) | | (in millions, except percentages) | 2.20% Senior Notes due December 2020 | $ | 3,000 |
| | $ | 3,000 |
| | 2.30 | % | 2.15% Senior Notes due September 2022 | 1,000 |
| | 1,000 |
| | 2.30 | % | 2.80% Senior Notes due December 2022 | 2,250 |
| | 2,250 |
| | 2.89 | % | 3.15% Senior Notes due December 2025 | 4,000 |
| | 4,000 |
| | 3.26 | % | 2.75% Senior Notes due September 2027 | 750 |
| | 750 |
| | 2.91 | % | 4.15% Senior Notes due December 2035 | 1,500 |
| | 1,500 |
| | 4.23 | % | 4.30% Senior Notes due December 2045 | 3,500 |
| | 3,500 |
| | 4.37 | % | 3.65% Senior Notes due September 2047 | 750 |
| | 750 |
| | 3.73 | % | Total senior notes | $ | 16,750 |
| | $ | 16,750 |
| | | Unamortized discounts and debt issuance costs | (108 | ) | | (120 | ) | | | Hedge accounting fair value adjustments(2) | 87 |
| | — |
| | | Total long-term debt | $ | 16,729 |
| | $ | 16,630 |
| | |
| | (1) | Effective interest rates disclosed do not reflect hedge accounting adjustments. |
(2) Represents the change in fair value of interest rate swap agreements entered into on a portion of the outstanding Senior Notes. See Note 1—Summary of Significant Accounting Policies and Note 12—Derivative and Non-derivative Financial Instruments.
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