Short-Term and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements [Abstract]

Details underlying the recognition of gain on extinguishment of debt

		For the Years Ended December 31,
		2012		2011		2010
Principal balance outstanding prior to payoff⁽¹⁾		$	15	$	275	$	155
Unamortized debt issuance costs and discounts prior to payoff			-		(8)		(5)
Amount paid to retire			(20)		(275)		(155)
	Gain (loss) on extinguishment of debt, pre-tax	$	(5)	$	(8)	$	(5)

Future principal payments due on long-term debt


2013		$	200
2014			500
2015			250
2016			-
2017			250
Thereafter			4,173
	Total	$	5,373

Credit facilities and letters of credit

			As of December 31, 2012
		Expiration	Maximum		LOCs
		Date	Available		Issued
Credit Facilities
Four-year revolving credit facility		Jun-2015	$	2,000		$	123
LOC facility		Mar-2023		857			857
LOC facility		Aug-2031		781			759
LOC facility		Oct-2031		967			937
	Total		$	4,605		$	2,676

Schedule of debt

					As of December 31,
					2012		2011
Short-Term Debt
Current maturities of long-term debt					$	200	$	300
	Total short-term debt				$	200	$	300

Long-Term Debt, Excluding Current Portion
Senior notes:
	LIBOR + 175 bps loan, due 2013				$	-	$	200
	4.75% notes, due 2014					300		300
	4.75% notes, due 2014					200		200
	4.30% notes, due 2015⁽¹⁾					250		250
	LIBOR + 3 bps notes, due 2017					250		250
	7.00% notes, due 2018					200		200
	8.75% notes, due 2019⁽¹⁾					487		500
	6.25% notes, due 2020⁽¹⁾					300		300
	4.85% notes, due 2021⁽¹⁾					300		300
	4.20% notes, due 2022⁽¹⁾					300		-
	6.15% notes, due 2036					498		500
	6.30% notes, due 2037					375		375
	7.00% notes, due 2040⁽¹⁾					500		500
		Total senior notes				3,960		3,875
Capital securities:
	7.00%, due 2066					722		722
	6.05%, due 2067					491		491
		Total capital securities				1,213		1,213
Unamortized premiums (discounts)						(3)		(16)
Fair value hedge – interest rate swap agreements						269		319
		Total unamortized premiums (discounts) and fair value hedge
			– interest rate swap agreements			266		303
				Total long-term debt	$	5,439	$	5,391

- Definition

Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax.

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