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LONG-TERM DEBT (Tables)
 9 Months Ended
Sep. 30, 2012
Schedule Of Long-Term Debt

A summary of long-term debt at September 30, 2012 and December 31, 2011, including related interest rates at September 30, 2012, follows (dollars in millions):

 

     September 30,
2012		      December 31,
2011		  

Senior secured asset-based revolving credit facility (effective interest rate of 1.7%)

    $ 1,280       $ 2,155   

Senior secured term loan facilities (effective interest rate of 5.0%)

      7,183         7,425   

Senior secured first lien notes (effective interest rate of 7.4%)

      8,436         7,081   

Other senior secured debt (effective interest rate of 6.8%)

      394         350   
  

 

 

     

 

 

  

First lien debt

      17,293         17,011   

Senior secured notes (effective interest rate of 11.0%)

      197         197   

Senior unsecured notes (effective interest rate of 7.3%)

      9,443         9,844   
  

 

 

     

 

 

  

Total debt (average life of 6.6 years, rates averaging 6.5%)

      26,933         27,052   

Less amounts due within one year

      1,751         1,407   
  

 

 

     

 

 

  
   $ 25,182       $ 25,645