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Debt (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Summary of Total Outstanding Borrowings

Total outstanding borrowings under the Credit Agreement consist of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2014

 

 

2013

 

 

 

(in millions)

 

Short-Term Debt:

 

 

 

 

 

 

 

 

Term Loan

 

$

40

 

 

$

40

 

Total Short-Term Borrowings

 

$

40

 

 

$

40

 

Long-Term Debt:

 

 

 

 

 

 

 

 

Term Loan

 

$

260

 

 

$

300

 

Total Long-Term Borrowings

 

$

260

 

 

$

300

 

 

Schedule of Future Minimum Principal Payment Obligations

The future minimum principal payment obligations due under the Credit Agreement related to our Term Loan is as follows:

 

 

 

Principal Payments

 

December 31,

 

(in millions)

 

2015

 

$

40

 

2016

 

 

260

 

Total

 

$

300