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DEBT (Tables)
3 Months Ended
Mar. 31, 2015
DEBT  
Schedule of debt

 

 

 

March 31, 2015

 

December 31, 2014

 

(In millions)

 

Carrying Value

 

Fair Value

 

Carrying Value

 

Fair Value

 

5.75% Senior Notes due 2021

 

$

450

 

$

456

 

$

450

 

$

439

 

Term Loan due 2016

 

82

 

82

 

82

 

82

 

Other borrowings

 

26

 

26

 

42

 

42

 

Total Debt

 

558

 

564

 

574

 

563

 

Less: Other short-term borrowings

 

(2

)

 

 

(18

)

 

 

Total Long-term debt

 

$

556

 

 

 

$

556