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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis
 
December 31, 2014
 
Quoted
prices in
active
markets
for
identical
assets
 
Significant
other
observable
inputs
 
Significant
other
unobservable
inputs
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
(millions)
 
 
Assets at fair value:
 

 
 

 
 

 
 

Derivative financial instruments

 
26

 

 
26

Total assets
$

 
$
26

 
$

 
$
26

Liabilities at fair value:
 

 
 

 
 

 
 

Derivative financial instruments
$

 
$
21

 
$

 
$
21

Total liabilities
$

 
$
21

 
$

 
$
21



 
December 31, 2013
 
Quoted
prices in
active
markets
for
identical
assets
 
Significant
other
observable
inputs
 
Significant
other
unobservable
inputs
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
(millions)
 
 
Assets at fair value:
 

 
 

 
 

 
 

Derivative financial instruments

 
23

 

 
23

Total assets
$

 
$
23

 
$

 
$
23

Liabilities at fair value:
 

 
 

 
 

 
 

Derivative financial instruments
$

 
$
2

 
$

 
$
2

Total liabilities
$

 
$
2

 
$

 
$
2

Summary of the estimated fair value of the company's financial instruments held or issued to finance the company's operations
 
December 31,
 
2014
 
2013
 
Carrying
amount
 
Fair
value
 
Carrying
amount
 
Fair
value
 
 
 
(millions)
 
 
Assets:
 

 
 

 
 

 
 

Cash and cash equivalents
$
635

 
$
635

 
$
796

 
$
796

Fiduciary funds (included within Fiduciary assets)
$
1,888

 
$
1,888

 
$
1,662

 
$
1,662

Liabilities:
 

 
 

 
 

 
 

Current portion of long-term debt
$
167

 
$
169

 
$
15

 
$
15

Long-term debt
2,142

 
2,327

 
2,311

 
2,444