Debt and Other Obligations (Indebtedness) (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 |
Debt Instrument [Line Items] | | | | | | |
Debt and Finance Lease Obligations | | $ 21,113 | [1] | $ 21,113 | [1] | $ 18,121 |
Less: current maturities and short-term debt and other current obligations | | 99 | | 99 | | 100 |
Non-current portion of long-term debt and other long-term obligations | | 21,014 | | 21,014 | | 18,021 |
2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Unused Borrowing Capacity, Amount | | 5,000 | | 5,000 | | |
2015 Tower Revenue Notes 3.222% due 2042 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | 300 | | 300 | | |
2015 Tower Revenue Notes 3.663% due 2045 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | 700 | | 700 | | |
2018 Tower Revenue Notes 3.720% due 2043 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | 250 | | 250 | | |
2018 Tower Revenue Notes 4.241% due 2048 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 750 | | 750 | | |
Fixed Rate Securitized Debt July 2018 Tower Revenue Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Increase (Decrease) | | 5.00% | | | | |
High Yield Bonds [Member] | April 2020 Senior Notes [Domain] [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 1,250 | | $ 1,250 | | |
High Yield Bonds [Member] | 4.875% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 4.875% | | 4.875% | | |
High Yield Bonds [Member] | Senior Unsecured 2016 Notes 3.40% [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 850 | | $ 850 | | |
Debt Instrument, Interest Rate, Stated Percentage | | 3.40% | | 3.40% | | |
High Yield Bonds [Member] | 2.250% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 2.25% | | 2.25% | | |
High Yield Bonds [Member] | June 2020 Senior Unsecured 1.350% Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 500 | | $ 500 | | |
Debt Instrument, Interest Rate, Stated Percentage | | 1.35% | | 1.35% | | |
High Yield Bonds [Member] | April 2020 Senior Unsecured 3.300% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 750 | | $ 750 | | |
Debt Instrument, Interest Rate, Stated Percentage | | 3.30% | | 3.30% | | |
High Yield Bonds [Member] | June 2020 Senior Unsecured 2.250% Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 1,100 | | $ 1,100 | | |
Debt Instrument, Interest Rate, Stated Percentage | | 2.25% | | 2.25% | | |
High Yield Bonds [Member] | April 2020 Senior Unsecured 4.150% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 500 | | $ 500 | | |
Debt Instrument, Interest Rate, Stated Percentage | | 4.15% | | 4.15% | | |
High Yield Bonds [Member] | June 2020 Senior Unsecured 3.250% Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 900 | | $ 900 | | |
Debt Instrument, Interest Rate, Stated Percentage | | 3.25% | | 3.25% | | |
High Yield Bonds [Member] | June 2020 Senior Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Face Amount | | $ 2,500 | | $ 2,500 | | |
Finance Lease Obligations and Other [Member] | Securitized Debt [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt and Finance Lease Obligations | [2] | $ 225 | | $ 225 | | 227 |
High Yield Bonds [Member] | 5.250% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 5.30% | | 5.30% | | |
Debt and Finance Lease Obligations | | $ 1,644 | | $ 1,644 | | 1,644 |
High Yield Bonds [Member] | 4.875% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.90% | | 4.90% | | |
Debt and Finance Lease Obligations | [4] | $ 847 | | $ 847 | | 846 |
High Yield Bonds [Member] | Senior Unsecured 2016 Notes 3.40% [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.40% | | 3.40% | | |
Debt and Finance Lease Obligations | [4],[5] | $ 850 | | $ 850 | | 850 |
High Yield Bonds [Member] | Senior Unsecured 2016 Notes 4.450% [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.50% | | 4.50% | | |
Debt and Finance Lease Obligations | | $ 894 | | $ 894 | | 893 |
High Yield Bonds [Member] | Senior Unsecured 2016 Notes 3.7% [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.70% | | 3.70% | | |
Debt and Finance Lease Obligations | | $ 745 | | $ 745 | | 744 |
High Yield Bonds [Member] | 2.250% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 2.30% | | 2.30% | | |
Debt and Finance Lease Obligations | [4] | $ 699 | | $ 699 | | 698 |
High Yield Bonds [Member] | 4.000% Senior Unsecured Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.00% | | 4.00% | | |
Debt and Finance Lease Obligations | | $ 495 | | $ 495 | | 495 |
High Yield Bonds [Member] | 4.750% Senior Unsecured Notes [Member] [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.80% | | 4.80% | | |
Debt and Finance Lease Obligations | | $ 344 | | $ 344 | | 344 |
High Yield Bonds [Member] | August 2017 Senior Unsecured 3.200% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.20% | | 3.20% | | |
Debt and Finance Lease Obligations | | $ 745 | | $ 745 | | 744 |
High Yield Bonds [Member] | June 2020 Senior Unsecured 1.350% Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 1.40% | | 1.40% | | |
Debt and Finance Lease Obligations | [4] | $ 494 | | $ 494 | | 0 |
High Yield Bonds [Member] | August 2017 Senior Unsecured 3.650% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.70% | | 3.70% | | |
Debt and Finance Lease Obligations | | $ 993 | | $ 993 | | 993 |
High Yield Bonds [Member] | 3.150% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.20% | | 3.20% | | |
Debt and Finance Lease Obligations | | $ 745 | | $ 745 | | 744 |
High Yield Bonds [Member] | 3.800% Senior Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.80% | | 3.80% | | |
Debt and Finance Lease Obligations | | $ 990 | | $ 990 | | 990 |
High Yield Bonds [Member] | February 2019 Senior Unsecured 4.300% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.30% | | 4.30% | | |
Debt and Finance Lease Obligations | | $ 592 | | $ 592 | | 592 |
High Yield Bonds [Member] | February 2019 Senior Unsecured 5.200% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 5.20% | | 5.20% | | |
Debt and Finance Lease Obligations | | $ 395 | | $ 395 | | 395 |
High Yield Bonds [Member] | August 2019 Senior Unsecured 3.100% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.10% | | 3.10% | | |
Debt and Finance Lease Obligations | | $ 544 | | $ 544 | | 543 |
High Yield Bonds [Member] | August 2019 Senior Unsecured 4.000% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.00% | | 4.00% | | |
Debt and Finance Lease Obligations | | $ 345 | | $ 345 | | 345 |
High Yield Bonds [Member] | April 2020 Senior Unsecured 3.300% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.30% | | 3.30% | | |
Debt and Finance Lease Obligations | [6] | $ 736 | | $ 736 | | 0 |
High Yield Bonds [Member] | June 2020 Senior Unsecured 2.250% Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 2.30% | | 2.30% | | |
Debt and Finance Lease Obligations | [4] | $ 1,087 | | $ 1,087 | | 0 |
High Yield Bonds [Member] | April 2020 Senior Unsecured 4.150% Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.20% | | 4.20% | | |
Debt and Finance Lease Obligations | [6] | $ 489 | | $ 489 | | 0 |
High Yield Bonds [Member] | June 2020 Senior Unsecured 3.250% Notes [Domain] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.30% | | 3.30% | | |
Debt and Finance Lease Obligations | [4] | $ 889 | | $ 889 | | 0 |
Unsecured Debt [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt and Finance Lease Obligations | | 17,843 | | 17,843 | | 14,850 |
Securitized Debt [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt and Finance Lease Obligations | | $ 3,270 | | $ 3,270 | | 3,271 |
Securitized Debt [Member] | 2015 Tower Revenue Notes 3.222% due 2042 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.20% | | 3.20% | | |
Debt and Finance Lease Obligations | [7] | $ 299 | | $ 299 | | 298 |
Securitized Debt [Member] | 2015 Tower Revenue Notes 3.663% due 2045 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.70% | | 3.70% | | |
Debt and Finance Lease Obligations | [7] | $ 695 | | $ 695 | | 694 |
Securitized Debt [Member] | 2018 Tower Revenue Notes 3.720% due 2043 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.70% | | 3.70% | | |
Debt and Finance Lease Obligations | [7] | $ 248 | | $ 248 | | 248 |
Securitized Debt [Member] | 2018 Tower Revenue Notes 4.241% due 2048 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 4.20% | | 4.20% | | |
Debt and Finance Lease Obligations | [7] | $ 743 | | $ 743 | | 742 |
Securitized Debt [Member] | 3.849% Secured Notes [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 3.90% | | 3.90% | | |
Debt and Finance Lease Obligations | | $ 996 | | $ 996 | | 995 |
Securitized Debt [Member] | Fixed Rate Debt 2009 Securitized Notes A-2 [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3] | 9.00% | | 9.00% | | |
Debt and Finance Lease Obligations | | $ 64 | | $ 64 | | 67 |
Bank Debt [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt and Finance Lease Obligations | | $ 0 | [8] | $ 0 | [8] | 525 |
Bank Debt [Member] | 2016 Term Loan A [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | [3],[9] | 1.30% | | 1.30% | | |
Debt and Finance Lease Obligations | | $ 2,281 | | $ 2,281 | | 2,310 |
Commercial Paper [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt and Finance Lease Obligations | [10] | 0 | | 0 | | $ 155 |
Commercial Paper - Maximum Issued | | $ 1,000 | | $ 1,000 | | |
Debt Instrument, Maturity Date, Description | | | | 397 days | | |
Maximum [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 0.75% | | 0.75% | | |
Maximum [Member] | Finance Lease Obligations and Other [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 10.00% | | 10.00% | | |
Maximum [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Line of Credit Facility, Commitment Fee Percentage | | 0.35% | | | | |
Maximum [Member] | Finance Lease Obligations and Other [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument Maturity Date Range | | 30 years | | | | |
Minimum [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 0.00% | | 0.00% | | |
Minimum [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Line of Credit Facility, Commitment Fee Percentage | | 0.125% | | | | |
Minimum [Member] | Finance Lease Obligations and Other [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument Maturity Date Range | | one year | | | | |
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 1.75% | | 1.75% | | |
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | 2016 Revolver [Member] | | | | | | |
Debt Instrument [Line Items] | | | | | | |
Debt Instrument, Interest Rate, Stated Percentage | | 0.875% | | 0.875% | | |
| |
[1] | Inclusive of the final maturities of the previously outstanding 3.400% Senior Notes, 2.250% Senior Notes and 4.875% Senior Notes, which were redeemed in July 2020. See note 13 for further discussion regarding the July redemption of previously outstanding debt. | |
[2] | The Company's finance leases and other obligations relate to land, fiber, vehicles, and other assets and bear interest rates ranging up to 10% and mature in periods ranging from less than one year to approximately 30 years . | |
[3] | See the 2019 Form 10-K, including note 9 , for additional information regarding the maturity and principal amortization provisions and interest rates relating to the Company's indebtedness. | |
[4] | In June 2020, the Company issued $2.5 billion aggregate principal amount of senior unsecured notes ("June 2020 Senior Notes"), which consisted of (1) $500 million aggregate principal amount of 1.350% senior unsecured notes due July 2025, (2) $1.1 billion aggregate principal amount of 2.250% senior unsecured notes due January 2031 and (3) $900 million aggregate principal amount of 3.250% senior unsecured notes due January 2051. In July 2020, the Company used the net proceeds of the June 2020 Senior Notes offering, together with available cash, to redeem all of the previously outstanding 3.400% Senior Notes, 2.250% Senior Notes and 4.875% Senior Notes. See note 13 for further discussion regarding the use of proceeds. | |
[5] | While the 3.400% Senior Notes have a final maturity date within one year, the Company classified such notes as long-term based on its ability and intent to refinance the notes on a long-term basis. | |
[6] | In April 2020, the Company issued $1.25 billion aggregate principal amount of senior unsecured notes ("April 2020 Senior Notes"), which consisted of (1) $750 million aggregate principal amount of 3.300% senior unsecured notes due July 2030 and (2) $500 million aggregate principal amount of 4.150% senior unsecured notes due July 2050. The company used the net proceeds of the April 2020 Senior Notes offering to repay outstanding indebtedness under the 2016 Revolver. | |
[7] | If the respective series of Tower Revenue Notes are not paid in full on or prior to an applicable anticipated repayment date, then Excess Cash Flow (as defined in the indenture) of the issuers of such notes will be used to repay principal of the applicable series and class of the Tower Revenue Notes, and additional interest (of an additional approximately 5% per annum) will accrue on the respective Tower Revenue Notes. As of June 30, 2020, the Tower Revenue Notes have principal amounts of $300 million , $250 million , $700 million and $750 million , with anticipated repayment dates in 2022, 2023, 2025 and 2028, respectively. | |
[8] | As of June 30, 2020 , the undrawn availability under the 2016 Revolver was $5.0 billion . | |
[9] | Both the 2016 Revolver and 2016 Term Loan A bear interest, at our option, at either (1) LIBOR plus a credit spread ranging from 0.875% to 1.750% per annum or (2) an alternate base rate plus a credit spread ranging from 0.000% to 0.750% per annum, in each case, with the applicable credit spread based on the Company's senior unsecured debt rating. The Company pays a commitment fee ranging from 0.125% to 0.350% , based on the Company's senior unsecured debt rating, per annum on the undrawn available amount under the 2016 Revolver. | |
[10] | Notes under the CP Program may be issued, repaid and re-issued from time to time, with an aggregate principal amount of Commercial Paper Notes outstanding under the CP Program at any time not to exceed $1.0 billion . The net proceeds of the Commercial Paper Notes are expected to be used for general corporate purposes. The maturities of the 2019 Commercial Paper Notes, when outstanding, may vary but may not exceed 397 days from the date of issue. The Commercial Paper Notes are issued under customary terms in the commercial paper market and are issued at a discount from par or, alternatively, can be issued at par and bear varying interest rates on a fixed or floating basis. As of June 30, 2020 , there were no outstanding Commercial Paper Notes. At any point in time, the Company intends to maintain available commitments under its 2016 Revolver in an amount at least equal to the amount of Commercial Paper Notes outstanding. While any outstanding commercial paper issuances generally have short-term maturities, the Company classifies the outstanding issuances, when applicable, as long-term based on its ability and intent to refinance the outstanding issuances on a long-term basis. | |