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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2012
Fair Value Disclosures [Abstract]  
Schedule of fair value of liabilities measured on a recurring basis
The table below presents the fair values for each class of Level 3’s liabilities as well as the input levels used to determine these fair values as of March 31, 2012 and December 31, 2011:

 
 
 
 
 
Fair Value Measurement Using
 
Total
Carrying Value
in Consolidated
Balance Sheet
 
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
March 31,
2012
 
December 31,
2011
 
March 31,
2012
 
December 31,
2011
 
March 31,
2012
 
December 31,
2011
 
(dollars in millions)
Liabilities Recorded at Fair Value in the Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Interest Rate Swap Liabilities (included in other non-current liabilities)
$
83

 
$
90

 
$

 
$

 
$
83

 
$
90

Total Derivative Liabilities Recorded at Fair Value in the Financial Statements
$
83

 
$
90

 
$

 
$

 
$
83

 
$
90

Liabilities Not Recorded at Fair Value in the Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, including the current portion:
 
 
 
 
 
 
 
 
 
 
 
Term Loans
$
2,568

 
$
2,567

 
$
2,591

 
$
2,518

 
$

 
$

Senior Notes
4,807

 
4,716

 
5,134

 
4,822

 

 

Convertible Notes
842

 
939

 
329

 
247

 
969

 
834

Commercial Mortgage
64

 
65

 

 

 
73

 
73

Capital Leases and Other
145

 
163

 

 

 
145

 
163

Total Long-term Debt, including the current portion:
$
8,426

 
$
8,450

 
$
8,054

 
$
7,587

 
$
1,187

 
$
1,070