NOTE 14
DEBT


	June 30,
	2011			December 31, 2010
Commercial paper	$	51		$	—
Short-term loans		14			1
Current maturities of long-term debt and other		66			10

Short-term borrowings and current maturities of long-term debt		131			11

Non-current maturities of long-term debt		1,257			1,257
Non-current capital leases		3			60
Deferred gain on interest rate swaps		44			45
Unamortized discounts and debt issuance costs		(7	)		(8	)

Long-term debt		1,297			1,354

Total debt	$	1,428		$	1,365

The fair value of total debt, excluding the deferred gain on interest rate swaps, was $1,559 and $1,483 as of June 30, 2011 and December 31, 2010, respectively. Fair value was primarily determined using quoted prices in active markets for the identical security obtained from an external pricing service.

During the second quarter of 2011, we notified the lessor of our intent to terminate a sale leaseback agreement entered into in 2004 by repurchasing the leased property. The repurchase is expected to occur in the third quarter of 2011. Accordingly, we reclassified $56 of capital lease obligations to current maturities of long-term debt in the table above.