Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt consists of the following:

	December 31,
	2013			2012
URNA and subsidiaries debt:
Accounts Receivable Securitization Facility (1)	$	430		$	453
$2.3 billion ABL Facility (1)	1,106			1,184
5 3/4 percent Senior Secured Notes (2)	750			750
10 1/4 percent Senior Notes (3)	220			223
9 1/4 percent Senior Notes	494			494
7 3/8 percent Senior Notes (2)	750			750
8 3/8 percent Senior Subordinated Notes	750			750
8 1/4 percent Senior Notes (3)	692			695
7 5/8 percent Senior Notes (2)	1,325			1,325
6 1/8 percent Senior Notes	400			400
Capital leases (3)	120			148
Total URNA and subsidiaries debt	7,037			7,172
Holdings:
4 percent Convertible Senior Notes	136			137
Total debt (4)	7,173			7,309
Less short-term portion	(604		)	(630		)
Total long-term debt	$	6,569		$	6,679

(1) $1,142 and $53 were available under our ABL facility and accounts receivable securitization facility, respectively, at December 31, 2013. The ABL facility availability is reflected net of $52 of letters of credit. At December 31, 2013, the interest rates applicable to our ABL facility and accounts receivable securitization facility were 2.5 percent and 0.8 percent, respectively.

(2) In connection with the RSC merger, on March 9, 2012, we issued the merger financing notes. See below for additional detail regarding each of the merger financing notes.

(3) Upon consummation of the RSC merger, we assumed certain of RSC's debt, including capital leases. See below for additional detail regarding the assumed RSC debt.

(4) In August 1998, a subsidiary trust of Holdings (the “Trust”) issued and sold $300 of 6 ¹/2 percent Convertible Quarterly Income Preferred Securities (“QUIPS”) in a private offering. The Trust used the proceeds from the offering to purchase 6 ¹/2 percent subordinated convertible debentures due 2028 (the “Debentures”), which resulted in Holdings receiving all of the net proceeds of the offering. The QUIPS were non-voting securities, carried a liquidation value of $50 (fifty dollars) per security and were convertible into Holdings’ common stock. During the year ended December 31, 2013, an aggregate of $55 of QUIPS was redeemed. In connection with these redemptions, during the year ended December 31, 2013, we retired $55 principal amount of our subordinated convertible debentures. As of December 31, 2013, there were no QUIPS or subordinated convertible debentures outstanding. Total long-term debt at December 31, 2012 excludes $55 of these Debentures, which were separately classified in our consolidated balance sheets and referred to as “subordinated convertible debentures.” The subordinated convertible debentures reflected the obligation to our subsidiary that issued the QUIPS. This subsidiary was not consolidated in our financial statements because we were not the primary beneficiary of the Trust. As of December 31, 2013, the Trust was liquidated.

Schedule of Maturities of Long-term Debt

Maturities of the Company’s debt (exclusive of any unamortized original issue discount) for each of the next five years and thereafter at December 31, 2013 are as follows:

2014	$	468
2015	189
2016	1,328
2017	12
2018	756
Thereafter	4,384
Total	$	7,137