Debt Obligations

9 Months Ended

Sep. 30, 2014

Debt Obligations

Debt outstanding at September 30, 2014 and December 31, 2013 is as follows:



	September 30, 2014				December 31, 2013
	Long-Term		Due Within One Year		Long-Term		Due Within One Year
ABL Facility	$	65	$	—	$	—	$	—
Senior Secured Notes:
6.625% First-Priority Senior Secured Notes due 2020 (includes $6 and $7 of unamortized debt premium at September 30, 2014 and December 31, 2013, respectively)	1,556		—		1,557		—
8.875% Senior Secured Notes due 2018 (includes $4 of unamortized debt discount at both September 30, 2014 and December 31, 2013)	1,196		—		1,196		—
9.00% Second-Priority Senior Secured Notes due 2020	574		—		574		—
Debentures:
9.2% debentures due 2021	74		—		74		—
7.875% debentures due 2023	189		—		189		—
8.375% sinking fund debentures due 2016	20		20		40		20
Other Borrowings:
Australia Facility due 2014	—		32		—		35
Brazilian bank loans	10		45		13		45
Capital Leases	8		1		9		1
Other	14		30		13		8
Total	$	3,706	$	128	$	3,665	$	109

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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