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Debt (Tables)
 6 Months Ended
Jun. 30, 2016
Debt [Abstract]  
Components Of Debt



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

June 30, 2016



 

Debt Instrument

 

Unamortized Issuance Cost

 

Unamortized Debt Discount

 

Total



 

 

(in millions)

Short-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

7.15% Senior Notes due June 2018

 

$

 1 

 

$

–   

 

$

–  

 

$

 1 

Total short-term debt

 

$

 1 

 

$

–   

 

$

–  

 

$

 1 



 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

Variable rate (2.930% at June 30, 2016) term loan facility, due November 2018 (1)

 

 

 750 

 

 

 (6)

 

 

–  

 

 

 744 

Variable rate (2.940% at June 30, 2016) term loan facility, due December 2020

 

 

 1,191 

 

 

 (11)

 

 

–  

 

 

 1,180 

7.35% Senior Notes due October 2017

 

 

 15 

 

 

–  

 

 

–  

 

 

 15 

7.125% Senior Notes due October 2017

 

 

 25 

 

 

–  

 

 

–  

 

 

 25 

3.3% Senior Notes due January 2018 (2)

 

 

 350 

 

 

 (1)

 

 

–  

 

 

 349 

7.5% Senior Notes due February 2018 (2)

 

 

 600 

 

 

 (1)

 

 

–  

 

 

 599 

7.15% Senior Notes due June 2018

 

 

 25 

 

 

–  

 

 

–  

 

 

 25 

4.05% Senior Notes due January 2020 (2)

 

 

 850 

 

 

 (5)

 

 

–  

 

 

 845 

4.10% Senior Notes due March 2022

 

 

 1,000 

 

 

 (5)

 

 

 (1)

 

 

 994 

4.95% Senior Notes due January 2025

 

 

 1,000 

 

 

 (7)

 

 

 (2)

 

 

 991 

Total long-term debt

 

$

 5,806 

 

$

 (36)

 

$

 (3)

 

$

 5,767 



 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

 5,807 

 

$

 (36)

 

$

 (3)

 

$

 5,768 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2015



 

Debt Instrument

 

Unamortized Issuance Cost

 

Unamortized Debt Discount

 

Total



 

 

(in millions)

Short-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

7.15% Senior Notes due June 2018

 

$

 1 

 

$

–  

 

$

–  

 

$

 1 

Total short-term debt

 

$

 1 

 

$

–  

 

$

–  

 

$

 1 



 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

 

 

 

 

 

 

Variable rate (1.886% at December 31, 2015) credit facility, expires December 2018

 

 

 116 

 

 

–   

 

 

–   

 

 

 116 

Variable rate (1.775% at December 31, 2015) term loan facility, due November 2018 (1)

 

 

 750 

 

 

 (3)

 

 

–  

 

 

 747 

7.35% Senior Notes due October 2017

 

 

 15 

 

 

–  

 

 

–  

 

 

 15 

7.125% Senior Notes due October 2017

 

 

 25 

 

 

–  

 

 

–  

 

 

 25 

3.3% Senior Notes due January 2018 (2)

 

 

 350 

 

 

 (2)

 

 

–  

 

 

 348 

7.5% Senior Notes due February 2018 (2)

 

 

 600 

 

 

 (2)

 

 

–  

 

 

 598 

7.15% Senior Notes due June 2018

 

 

 26 

 

 

 –  

 

 

 –  

 

 

 26 

4.05% Senior Notes due January 2020 (2)

 

 

 850 

 

 

 (5)

 

 

 (1)

 

 

 844 

4.10% Senior Notes due March 2022

 

 

 1,000 

 

 

 (5)

 

 

 (1)

 

 

 994 

4.95% Senior Notes due January 2025

 

 

 1,000 

 

 

 (7)

 

 

 (2)

 

 

 991 

Total long-term debt

 

$

 4,732 

 

$

 (24)

 

$

 (4)

 

$

 4,704 



 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

$

 4,733 

 

$

 (24)

 

$

 (4)

 

$

 4,705 



(1)

In July 2016, $375 million was repaid on the term loan facility, extending the maturity from November 2018 to December 2020.



(2)

In July 2016, the Company purchased approximately $312 million of the 3.3% Senior Notes due January 2018 and $388 million of the 7.5% Senior Notes due February 2018.