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LONG-TERM DEBT (Tables)
 6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

A summary of long-term debt at June 30, 2014 and December 31, 2013, including related interest rates at June 30, 2014, follows (dollars in millions): 

     June 30,
2014		      December 31,
2013		  

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

    $ 2,500       $ 2,440   

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

      280         —   

Senior secured term loan facilities (effective interest rate of 5.3%)

      5,558         5,598   

Senior secured first lien notes (effective interest rate of 5.8%)

      10,491         9,695   

Other senior secured debt (effective interest rate of 6.7%)

      464         448   
  

 

 

     

 

 

  

First lien debt

      19,293         18,181   

Senior unsecured notes (effective interest rate of 7.2%)

      9,695         10,195   
  

 

 

     

 

 

  

Total debt (average life of 6.4 years, rates averaging 5.8%)

      28,988         28,376   

Less amounts due within one year

      1,046         786   
  

 

 

     

 

 

  
   $ 27,942       $ 27,590