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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

A summary of long-term debt at June 30, 2017 and December 31, 2016, including related interest rates at June 30, 2017, follows (dollars in millions):

 

     June 30,
2017		     December 31,
2016		  

Senior secured asset-based revolving credit facility (effective interest rate of 2.7%)

    $ 1,760     $ 2,920  

Senior secured revolving credit facility

      —       —  

Senior secured term loan facilities (effective interest rate of 3.6%)

      3,939       3,981  

Senior secured notes (effective interest rate of 5.4%)

      15,300       13,800  

Other senior secured debt (effective interest rate of 5.8%)

      589       593  
  

 

 

    

 

 

  

Senior secured debt

      21,588       21,294  

Senior unsecured notes (effective interest rate of 6.5%)

      10,252       10,252  

Net debt issuance costs

      (179 )      (170 ) 
  

 

 

    

 

 

  

Total debt (average life of 7.3 years, rates averaging 5.4%)

      31,661       31,376  

Less amounts due within one year

      213       216  
  

 

 

    

 

 

  
   $ 31,448     $ 31,160