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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt
We provide detail on our long-term debt balances in the following table at year-end 2015 and 2014:
($ in millions)
At Year-End 2015
 
At Year-End 2014
Senior Notes:
 
 
 
Series G Notes, interest rate of 5.8%, face amount of $316, matured November 10, 2015
(effective interest rate of 6.6%)
$

 
$
314

Series H Notes, interest rate of 6.2%, face amount of $289, maturing June 15, 2016
(effective interest rate of 6.3%)
289

 
289

Series I Notes, interest rate of 6.4%, face amount of $293, maturing June 15, 2017
(effective interest rate of 6.5%)
293

 
293

Series K Notes, interest rate of 3.0%, face amount of $600, maturing March 1, 2019
(effective interest rate of 4.4%)
595

 
594

Series L Notes, interest rate of 3.3%, face amount of $350, maturing September 15, 2022
(effective interest rate of 3.4%)
348

 
347

Series M Notes, interest rate of 3.4%, face amount of $350, maturing October 15, 2020
(effective interest rate of 3.6%)
347

 
346

Series N Notes, interest rate of 3.1%, face amount of $400, maturing October 15, 2021
(effective interest rate of 3.4%)
395

 
394

Series O Notes, interest rate of 2.9%, face amount of $450, maturing March 1, 2021
(effective interest rate of 3.1%)
446

 

Series P Notes, interest rate of 3.8%, face amount of $350, maturing October 1, 2025
(effective interest rate of 4.0%)
343

 

Commercial paper, average interest rate of 0.6% at December 31, 2015
938

 
1,072

$2,000 Credit Facility

 

Other
113

 
122

 
$
4,107

 
$
3,771

 
 
 
 
Less: Current portion of long-term debt
(300
)
 
(324
)
 
$
3,807

 
$
3,447

Debt Principal Payments (Net of Unamortized Discounts)
The following table presents future principal payments for our debt as of year-end 2015:
Debt Principal Payments (net of unamortized discounts) ($ in millions)
Amount
2016
$
300

2017
302

2018
947

2019
605

2020
357

Thereafter
1,596

Balance at year-end 2015
$
4,107