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Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Summary of outstanding debt
The following is a summary of outstanding debt (in millions):
As of December 31
2015

2014
5.00% Senior Notes due September 2020
599

 
599

4.75% Senior Notes due 2045
598

 

3.50% Senior Notes due June 2024
597

 
597

4.60% Senior Notes due June 2044
549

 
549

2.875% Senior Notes due May 2026 (EUR 500M)
545

 
605

8.205% Junior Subordinated Notes due January 2027
521

 
521

3.125% Senior Notes due May 2016
500

 
500

2.80% Senior Notes due 2021
399

 

4.00% Senior Notes due November 2023
349

 
349

6.25% Senior Notes due September 2040
298

 
298

4.76% Senior Notes due March 2018 (CAD 375M)
271

 
322

4.45% Senior Notes due May 2043
249

 
248

4.25% Senior Notes due December 2042
196

 
196

3.50% Senior Notes due September 2015

 
599

Commercial paper
50

 
168

Other
16

 
31

Total debt
5,737

 
5,582

Less short-term and current portion of long-term debt
562

 
783

Total long-term debt
$
5,175

 
$
4,799

Repayments of long-term debt
Repayments of total debt are as follows (in millions):
2016
$
562

2017
3

2018
271

2019

2020
599

Thereafter
4,302

 
$
5,737