Indebtedness (Tables)

3 Months Ended

Mar. 31, 2019

At March 31, 2019 and December 31, 2018, PMI’s long-term debt consisted of the following:



(in millions)	March 31, 2019		December 31, 2018
U.S. dollar notes, 1.875% to 6.375% (average interest rate 3.499%), due through 2044	$	18,879	$	20,819
Foreign currency obligations:
Euro notes, 0.625% to 3.125% (average interest rate 2.250%), due through 2037	8,498		8,656
Swiss franc notes, 0.750% to 2.000% (average interest rate 1.337%), due through 2024	1,155		1,374
Other (average interest rate 3.272%), due through 2024	181		180
	28,713		31,029
Less current portion of long-term debt	5,582		4,054
	$	23,131	$	26,975

Schedule of Committed Credit Facilities

At March 31, 2019, PMI's total committed credit facilities were as follows:

(in billions)



Type	Committed Credit Facilities
364-day revolving credit, expiring February 4, 2020	$	2.0
Multi-year revolving credit, expiring February 28, 2021	2.5
Multi-year revolving credit, expiring October 1, 2022	3.5
Total facilities	$	8.0

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details