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F-29
14. Financing arrangements
The carrying values and the fixed contractual coupon rates of our long-term borrowings were as follows (in millions):
December 31,
2015 2014
2.30% notes due 2016 (2.30% 2016 Notes) $ 750 $ 749
2.50% notes due 2016 (2.50% 2016 Notes) 1,000 1,000
2.125% notes due 2017 (2.125% 2017 Notes) 1,249 1,249
Floating Rate Notes due 2017 600 600
1.25% notes due 2017 (1.25% 2017 Notes) 849 849
5.85% notes due 2017 (5.85% 2017 Notes) 1,100 1,100
6.15% notes due 2018 (6.15% 2018 Notes) 500 500
Term Loan due 2018 1,975 4,375
4.375% euro-denominated notes due 2018 (4.375% 2018 euro Notes) 598 668
5.70% notes due 2019 (5.70% 2019 Notes) 999 999
Floating Rate Notes due 2019 250 250
2.20% notes due 2019 (2.20% 2019 Notes) 1,398 1,398
2.125% euro-denominated notes due 2019 (2.125% 2019 euro Notes) 731 814
4.50% notes due 2020 (4.50% 2020 Notes) 300 300
2.125% notes due 2020 (2.125% 2020 Notes) 750 —
3.45% notes due 2020 (3.45% 2020 Notes) 898 898
4.10% notes due 2021 (4.10% 2021 Notes) 999 998
3.875% notes due 2021 (3.875% 2021 Notes) 1,747 1,747
2.70% notes due 2022 (2.70% 2022 Notes) 499 —
3.625% notes due 2022 (3.625% 2022 Notes) 748 747
3.625% notes due 2024 (3.625% 2024 Notes) 1,398 1,398
3.125% notes due 2025 (3.125% 2025 Notes) 995 —
5.50% pound-sterling-denominated notes due 2026 (5.50% 2026 pound sterling Notes) 696 735
4.00% pound-sterling-denominated notes due 2029 (4.00% 2029 pound sterling Notes) 1,018 1,076
6.375% notes due 2037 (6.375% 2037 Notes) 899 899
6.90% notes due 2038 (6.90% 2038 Notes) 499 499
6.40% notes due 2039 (6.40% 2039 Notes) 996 996
5.75% notes due 2040 (5.75% 2040 Notes) 697 697
4.95% notes due 2041 (4.95% 2041 Notes) 596 596
5.15% notes due 2041 (5.15% 2041 Notes) 2,234 2,233
5.65% notes due 2042 (5.65% 2042 Notes) 1,245 1,245
5.375% notes due 2043 (5.375% 2043 Notes) 1,000 1,000
4.40% notes due 2045 (4.40% 2045 Notes) 1,243 —
Other notes 100 100
Total debt 31,556 30,715
Less current portion (2,250)(500)
Total noncurrent debt $ 29,306 $ 30,215
Debt repayments
During the year ended December 31, 2015, we repaid $2.4 billion of principal on our Term Loan Credit Facility (Term Loan).
During the year ended December 31, 2014, we repaid $5.6 billion of debt, including the Master Repurchase Agreement (Repurchase
Agreement), the 1.875% 2014 Notes, the 4.85% 2014 Notes, $500 million of principal on our Term Loan and $5 million of Other
notes. During the year ended December 31, 2013, our 0.375% 2013 Convertible Notes matured/converted, and the $2.5 billion
principal amount was settled in cash, and we also repaid $742 million of convertible debt assumed in the acquisition of Onyx,
$125 million of principal on our Term Loan and $4 million of Other notes.