ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables summarize our assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 and December 31, 2013, aggregated by the level in the fair value hierarchy within which those measurements fall (dollars in millions):


	June 30, 2014
	Fair Value			Fair Value Measurements Using
	Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Investments of insurance subsidiaries:
Debt securities:
States and municipalities	$	463		$	—		$	456		$	7
Money market funds		29			29			—			—

		492			29			456			7
Equity securities		3			2			—			1

Investments of insurance subsidiaries		495			31			456			8
Less amounts classified as current assets		(69	)		(29	)		(40	)		—

	$	426		$	2		$	416		$	8

Liabilities:
Interest rate swaps (Income taxes and other liabilities)	$	259		$	—		$	259		$	—


	December 31, 2013
				Fair Value Measurements Using
	Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Investments of insurance subsidiaries:
Debt securities:
States and municipalities	$	412		$	—		$	405	$	7
Money market funds		94			94			—		—

		506			94			405		7
Equity securities		4			3			—		1

Investments of insurance subsidiaries		510			97			405		8
Less amounts classified as current assets		(62	)		(62	)		—		—

	$	448		$	35		$	405	$	8

Liabilities:
Interest rate swaps (Income taxes and other liabilities)	$	295		$	—		$	295	$	—