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Long-term Debt and Borrowing Arrangements (Tables)
 9 Months Ended
Sep. 30, 2012
Schedule Of Long-Term Debt

Long-term and other borrowing arrangements consisted of:

 

     Maturity
Dates		      As of
September 30,
2012		      As of
December 31,
2011		  

Floating rate term loan (a)

      April 2014       $ —         $ 267   

Floating rate notes (b)

      May 2014         250         250   

7 5/8% notes

      May 2014         —           200   

3 1/2% convertible notes (c)

      October 2014         144         345   

Floating rate term loan (a) (d)

      May 2016         49         20   

7 3/4% notes

      May 2016         325         375   

9 5/8% notes

      March 2018         445         445   

Floating rate term loan (a) (e)

      September 2018         233         412   

8 1/4% notes

      January 2019         731         602   

Floating rate term loan (a) (f)

      March 2019         493         —     

9 3/4% notes

      March 2020         250         250   
     

 

 

     

 

 

  
        2,920         3,166   

Other

         47         39   
     

 

 

     

 

 

  

Total

         2,967         3,205   

Less: Short-term debt and current portion of long-term debt

         81         37   
     

 

 

     

 

 

  

Long-term debt

       $ 2,886       $ 3,168   
     

 

 

     

 

 

  

 

(a) 

The floating rate term loans are part of the Company’s senior credit facility, which include its revolving credit facility maturing 2016, and are secured by pledges of all of the capital stock of all of the Company’s direct or indirect domestic subsidiaries and up to 66% of the capital stock of each direct foreign subsidiary, subject to certain exceptions, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.
(b)

As of September 30, 2012, the floating rate notes due 2014 bear interest at three-month LIBOR, plus 250 basis points, for an aggregate rate of 2.93%.
(c) 

As of September 30, 2012, the 3 1/2% convertible notes are convertible by the holders into approximately 9 million shares of our common stock.
(d) 

As of September 30, 2012, the floating rate term loan due 2016 bears interest at three-month LIBOR, plus 300 basis points, for an aggregate rate of 3.45%.
(e) 

As of September 30, 2012, the floating rate term loan due 2018 bears interest at the greater of three-month LIBOR or 1.25%, plus 500 basis points, for an aggregate rate of 6.25%.
(f) 

As of September 30, 2012, the floating term rate loan due 2019 bears interest at the greater of three-month LIBOR or 1.0%, plus 325 basis points, for an aggregate rate of 4.25%.
Schedule Of Committed Credit Facilities

At September 30, 2012, the committed credit facilities available to the Company and/or its subsidiaries included:

 

     Total
Capacity		      Outstanding
Borrowings		      Letters of
Credit Issued		      Available
Capacity		  

Revolving credit facility maturing 2016 (a)

    $ 1,435       $ —         $ 1,155          $ 280   

Other facilities (b)

      10         3         —              7   

 

(a) 

This revolving credit facility matures in 2016 and bears interest of one-month LIBOR, plus 300 basis points. The senior credit facility, which encompasses the floating rate term loans due 2016, 2018 and 2019 and the revolving credit facility, is secured by pledges of all of the capital stock of all of the Company’s domestic subsidiaries and up to 66% of the capital stock of each foreign subsidiary directly owned by the Company’s domestic subsidiaries, subject to certain exceptions, and liens on substantially all of the Company’s intellectual property and certain other real and personal property.
(b) 

These facilities encompass bank overdraft lines of credit, bearing interest of 4.75% to 5.69% as of September 30, 2012.