Notes Payable (Notes Payable)

3 Months Ended

Mar. 31, 2015

Notes Payable

Debt instrument

Credit Facility

8.Notes Payable

Our senior unsecured notes and bonds consisted of the following, sorted by maturity date (dollars in millions):

	March 31,			December 31,
	2015			2014
5.5% notes, issued in November 2003 and due in November 2015	$	150		$	150
5.95% notes, issued in September 2006 and due in September 2016	275			275
5.375% notes, issued in September 2005 and due in September 2017	175			175
2.0% notes, issued in October 2012 and due in January 2018	350			350
6.75% notes, issued in September 2007 and due in August 2019	550			550
5.75% notes, issued in June 2010 and due in January 2021	250			250
3.25% notes, issued in October 2012 and due in October 2022	450			450
4.65% notes, issued in July 2013 and due in August 2023	750			750
3.875% notes, issued in June 2014 and due in July 2024	350			350
4.125% notes, issued in September 2014 and due in October 2026	250			250
5.875% bonds, $100 issued in March 2005 and $150 issued in
June 2011, both due in March 2035	250			250
Total principal amount	3,800			3,800
Unamortized original issuance discounts	(14		)	(15		)
	$	3,786		$	3,785

The following table summarizes the maturity of our notes and bonds payable as of March 31, 2015, excluding unamortized original issuance discounts (dollars in millions):

	Notes and
Year of Maturity	Bonds
2015	$	150
2016	275
2017	175
2018	350
2019	550
Thereafter	2,300
Totals	$	3,800

As of March 31, 2015, the weighted average interest rate on our notes and bonds payable was 4.8% and the weighted average remaining years until maturity was 7.0 years.