Rendering
| Component: (Network and Table) |
|---|
| Network | 136 - Disclosure - Debt (Tables) (http://www.NATIONALOILWELLVARCO.com/taxonomy/role/NotesToFinancialStatementsDebtDisclosureTextBlockTables) |
| Table | (Implied) |
Slicers (applies to each fact value in each table cell)
| Reporting Entity [Axis] | 0001021860 (http://www.sec.gov/CIK) |
| Debt Disclosure [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Debt Disclosure [Abstract] | |
Debt |
Debt consists of (in millions):
|
|
|
|
|
|
|
|
|
| |
|
December 31, |
|
| |
|
2016 |
|
|
2015 |
|
|
$500 million in Senior Notes, interest at 1.35% payable
semiannually, principal due on December 1, 2017
|
|
|
499 |
|
|
|
498 |
|
|
$1.4 billion in Senior Notes, interest at 2.60% payable
semiannually, principal due on December 1, 2022
|
|
|
1,391 |
|
|
|
1,389 |
|
|
$1.1 billion in Senior Notes, interest at 3.95% payable
semiannually, principal due on December 1, 2042
|
|
|
1,087 |
|
|
|
1,087 |
|
|
Commercial paper
|
|
|
— |
|
|
|
890 |
|
|
Capital Leases and other debt
|
|
|
237 |
|
|
|
45 |
|
|
|
|
|
|
|
|
|
|
|
Total debt
|
|
|
3,214 |
|
|
|
3,909 |
|
|
Less current portion
|
|
|
506 |
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
Long-term debt
|
|
$ |
2,708 |
|
|
$ |
3,907 |
|
|
|
|
|
|
|
|
|
|
|
Principal Payments of Debt and Capital Leases |
Principal payments of debt and capital leases for years subsequent
to 2016 are as follows (in millions):
|
|
|
|
|
|
2017
|
|
$ |
506 |
|
|
2018
|
|
|
3 |
|
|
2019
|
|
|
4 |
|
|
2020
|
|
|
5 |
|
|
2021
|
|
|
5 |
|
|
Thereafter
|
|
|
2,691 |
|
|
|
|
|
|
|
|
$ |
3,214 |
|
|
|
|
|
|
|