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Long-term Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Summary of Long-term Debt
The following table provides a summary of the Company's Notes and the fair values based on quoted market prices in less active markets as of March 31, 2017 and December 31, 2016:
 
 
 
 
 
 
 
 
 
Level 2 Fair Value as of
 
Principal Amount at Par
 
Issuance Date
 
Maturity
 
Interest Payment Dates
 
March 31, 2017
 
December 31, 2016
 
(in millions)
 
 
 
 
 
 
 
(in millions)
4.375% Senior Notes
$
1,000

 
October 2016
 
2026
 
May 15 and November 15
 
$
986

 
$
975

5.50% Senior Notes
700

 
February 2015
 
2022
 
April 15 and October 15
 
745

 
758

5.875% Senior Notes
800

 
February 2015
 
2025
 
April 15 and October 15
 
860

 
868

5.750% Senior Notes
400

 
February 2014
 
2024
 
March 1 and September 1
 
429

 
431

5.375% Senior Notes
500

 
February 2013
 
2021
 
February 1 and August 1
 
535

 
539

 
$
3,400