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Debt And Financing Arrangements
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Debt And Financing Arrangements
Debt and Financing Arrangements

At March 31, 2015, the fair value of the Company’s long-term debt exceeded the carrying value by $1.4 billion, as estimated using quoted market prices (a Level 2 measurement under applicable accounting standards).

At March 31, 2015, the Company had lines of credit totaling $6.3 billion, of which $5.5 billion was unused.  Of the Company’s total lines of credit, $4.0 billion support a commercial paper borrowing facility, against which there was $0.7 billion of commercial paper outstanding at March 31, 2015.

The Company has accounts receivable securitization programs (the “Programs”). The Programs provide the Company with up to $1.5 billion in funding resulting from the sale of accounts receivable. As of March 31, 2015, the Company utilized $1.3 billion of its facility under the Programs (see Note 14 for more information on the Programs).