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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of fair value of liabilities measured on a recurring basis
The table below presents the fair values for the Company’s long-term debt as well as the input levels used to determine these fair values as of September 30, 2015 and December 31, 2014:

 
 
 
 
 
 
Fair Value Measurement Using
 
 
Total Carrying Value in Consolidated Balance Sheets
 
Unadjusted Quoted Prices in Active
Markets for Identical Assets or Liabilities (Level 1)
 
Significant Other Observable Inputs (Level 2)
(dollars in millions)
 
September 30,
2015
 
December 31,
2014
 
September 30,
2015
 
December 31,
2014
 
September 30,
2015
 
December 31,
2014
Liabilities Not Recorded at Fair Value in the Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, including the current portion:
 
 
 
 
 
 
 
 
 
 
 
 
Term Loans
 
$
4,594

 
$
4,590

 
$
4,589

 
$
4,593

 
$

 
$

Senior Notes
 
6,215

 
6,203

 
6,158

 
6,481

 

 

Convertible Notes
 

 
333

 

 

 

 
868

Capital Leases and Other
 
204

 
207

 

 

 
204

 
207

Total Long-term Debt, including the current portion
 
$
11,013

 
$
11,333

 
$
10,747

 
$
11,074

 
$
204

 
$
1,075



The Company does not have any assets or liabilities where the fair value is measured using significant unobservable inputs (Level 3).