Cash And Cash Equivalents

3 Months Ended

Mar. 31, 2016

Cash And Cash Equivalents [Abstract]

(2) CASH AND CASH EQUIVALENTS

The following table presents a summary of Cash and cash equivalents as of March 31, 2016 and December 31, 2015:



	March 31,		December 31,
	2016		2015
		(in millions)

Cash	$	57	$	15
Marketable securities		1,540		–
Total cash and cash equivalents	$	1,597	$	15

On March 30, 2016, the Company borrowed $1.55 billion on its revolving credit facility with the proceeds invested in marketable securities. The $1.55 billion borrowing was repaid on April 1, 2016. For related discussion see Note 10 to the unaudited condensed consolidated financial statements included in this Quarterly Report.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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