	September 30,		December 31,
(In millions)	2016		2015
Short-term:
Commercial paper	$	-	$	100
Current maturities of long-term debt		250		-
Other, including capital leases		21		49
Total short-term debt	$	271	$	149
Long-term:
$250 million, 5.375% Notes due 2017	$	-	$	249
$131 million, 6.35% Notes due 2018		131		131
$250 million, 4.375% Notes due 2020 ⁽¹⁾		260		254
$300 million, 5.125% Notes due 2020 ⁽¹⁾		307		303
$78 million, 6.37% Notes due 2021		78		78
$300 million, 4.5% Notes due 2021⁽¹⁾		311		304
$750 million, 4% Notes due 2022		743		743
$100 million, 7.65% Notes due 2023		100		100
$17 million, 8.3% Notes due 2023		17		17
$900 million, 3.25% Notes due 2025		893		892
$300 million, 7.875% Debentures due 2027		299		299
$83 million, 8.3% Step Down Notes due 2033		82		82
$500 million, 6.15% Notes due 2036		498		498
$300 million, 5.875% Notes due 2041		296		295
$750 million, 5.375% Notes due 2042		743		743
Other, including capital leases		22		32
Total long-term debt	$	4,780	$	5,020

(1) The Company has entered into interest rate swap contracts hedging a portion of these fixed-rate debt instruments. See Note 9 for further information about the Company's interest rate risk management and these derivative instruments.

The Company has a five-year revolving credit and letter of credit agreement for $1.5 billion that permits up to $500 million to be used for letters of credit. This agreement extends through December 12, 2019 and is diversified among 16 banks, with three banks each having 12% of the commitment and the remainder spread among 13 banks. The credit agreement includes options subject to consent by the administrative agent and the committing banks to increase the commitment amount to $2 billion and to extend the term past December 12, 2019. The credit agreement is available for general corporate purposes, including for the issuance of letters of credit. The credit agreement contains customary covenants and restrictions, including a financial covenant that the Company may not permit its leverage ratio – which is total consolidated debt to total consolidated capitalization (each as defined in the credit agreement) – to be greater than 0.50. The leverage ratio calculation excludes the following items that are included in accumulated other comprehensive loss on the Company's consolidated balance sheets: net unrealized appreciation on fixed maturities and the portion of the post-retirement benefits liability adjustment attributable to pension.

In addition to the $5.1 billion of debt outstanding as of September 30, 2016, the Company had $9.5 billion of borrowing capacity within the maximum debt coverage covenant in the credit agreement. This additional borrowing capacity includes the $1.5 billion available under the credit agreement. Letters of credit outstanding as of September 30, 2016 totaled $14 million.

In April 2015, the Company redeemed two of its outstanding notes early. The Company paid a total of $955 million including accrued interest and expenses that resulted in a total pre-tax loss on early debt extinguishment of $100 million ($65 million after-tax). See Note 15 of the Company's 2015 Form 10-K for further details.