6 unchanged sentences
In April 2019, we entered into a collateral holiday agreement for 60% of both the 2031 and 2042 cross-currency swaps, which eliminates the requirement to post collateral for three years, as well as a ten year collateral cap on the remaining 40% of the cross-currency swaps which limits the required collateral posting on that 40% of the cross-currency swaps to $150 million.
−Removed: The fair value of our
−Removed: cross-currency derivatives included in other long-term liabilities on our consolidated balance sheets was $224 million and $237 million as of December 31, 2019 and 2018 , respectively.
+Added: The fair value of our cross-currency derivatives included in other long-term liabilities on our consolidated balance sheets was $184 million and $224 million as of December 31, 2020 and 2019, respectively.
For more information, see Note 12 to the accompanying consolidated financial statements contained in “Part II.
1 unchanged sentence
As of December 31, 2020 and 2019, the weighted average interest rate on the credit facility debt was approximately 1.7% and 3.3%, respectively, and the weighted average interest rate on the senior notes was approximately 5.1% and 5.4%, respectively, resulting in a blended weighted average interest rate of 4.7% and 5.1%, respectively.
−Removed: The interest rate on approximately 86% and 85% of the total principal amount of our debt was effectively fixed as of December 31, 2019 and 2018 , respectively.
+Added: The interest rate on approximately 87% and 86% of the total principal amount of our debt was fixed as of December 31, 2020 and 2019, respectively.
The table set forth below summarizes the fair values and contract terms of financial instruments subject to interest rate risk maintained by us as of December 31, 2020 (dollars in millions):
+Added: 2021 2022 2023 2024 2025 Thereafter Total Fair Value
+Added: Fixed Rate $ 1,000 $ 3,000 $ 1,500 $ 1,100 $ 4,500 $ 59,993 $ 71,093 $ 83,240
Average Interest Rate 4.00 % 4.46 % 6.92 % 4.50 % 4.91 % 5.19 % 5.15 %
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.