The following table summarizes information relating to our long-term debt, which we collectively refer to as our Senior Notes (in millions, except interest rates):
|
|
|
|
|
|
|
|
|
|
|
|
|
Effective Interest Rate |
|
July 31, 2026 |
|
|
April 24, 2026 |
|
2.375% Senior Notes Due June 2027 |
|
2.51% |
|
|
550 |
|
|
|
550 |
|
2.70% Senior Notes Due June 2030 |
|
2.81% |
|
|
700 |
|
|
|
700 |
|
5.50% Senior Notes Due March 2032 |
|
5.71% |
|
|
625 |
|
|
|
625 |
|
5.70% Senior Notes Due March 2035 |
|
5.90% |
|
|
625 |
|
|
|
625 |
|
Total principal amount |
|
|
|
|
2,500 |
|
|
|
2,500 |
|
Unamortized discount and issuance costs |
|
|
|
|
(12 |
) |
|
|
(13 |
) |
Total senior notes |
|
|
|
|
2,488 |
|
|
|
2,487 |
|
Less: Current portion of long-term debt |
|
|
|
|
(550 |
) |
|
|
— |
|
Total long-term debt |
|
|
|
$ |
1,938 |
|
|
$ |
2,487 |
|
|