XML 18 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727
Financing Agreements (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Long-term Debt
Long-term debt at
 
 
Interest
Rate
 
June 30, 
 2015
 
December 31, 
 2014
Senior Notes due February 15, 2019
 
6.500%
 
$

 
$
55

Senior Notes due February 15, 2021
 
6.750%
 
350

 
350

Senior Notes due September 15, 2021
 
5.375%
 
450

 
450

Senior Notes due September 15, 2023
 
6.000%
 
300

 
300

Senior Notes due December 15, 2024
 
5.500%
 
425

 
425

Other indebtedness*
 
 
 
80

 
79

Total
 
 
 
1,605

 
1,659

Less: current maturities
 
 
 
35

 
46

Total long-term debt
 
 
 
$
1,570

 
$
1,613


* Includes fair value adjustments related to an interest rate swap. See Note 11 for additional information.

Margin Based on Remaining Borrowing Availability
Advances under our $500 revolving facility bear interest at a floating rate based on, at our option, the base rate or LIBOR (each as described in the revolving credit agreement) plus a margin based on the undrawn amounts available under the agreement as set forth below:
Remaining Borrowing Availability
 
Base Rate
 
LIBOR Rate
Greater than $350
 
0.50
%
 
1.50
%
Greater than $150 but less than or equal to $350
 
0.75
%
 
1.75
%
$150 or less
 
1.00
%
 
2.00
%