XML 64 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Borrowings and Credit Arrangements (Details)
$ in Millions, ¥ in Billions
9 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2015
JPY (¥)
Oct. 23, 2015
USD ($)
Apr. 10, 2015
USD ($)
Aug. 06, 2013
Apr. 18, 2012
USD ($)
Debt Instrument [Line Items]                  
Senior notes issued     $ 4,050            
Long-term Debt, Current Maturities $ 0 $ 0              
Letters of Credit Outstanding, Amount 44 44 59            
Schedule of debt maturities                  
Payments due in year two 335 335              
Payments due in year three 990 990              
Payments due in year four 150 150              
Payments due in year five 1,825 1,825              
Payments due, Thereafter 2,350 2,350              
Payments due, Total 5,650 5,650              
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Total debt 5,677 5,677 4,244            
Revolving credit facility 300 300         $ 2,000   $ 2,000
Senior notes 4,650 4,650              
Maximum amount of proceeds from sale of finance receivables 392 392              
De-recognized receivables $ 151 $ 151 $ 167            
Average interest rate of de-recognized receivables   2.40% 3.20%            
Interest Expense   $ 284 $ 216 $ 324          
Covenant Requirement [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 4.5 4.5     4.5        
Minimum interest coverage ratio 3.0 3.0     3.0        
Actual, Covenant [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 3.0 3.0     3.0        
Minimum interest coverage ratio 6.6 6.6     6.6        
2015 Term Loan Facility [Domain]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Long-term Debt, Gross $ 750 $ 750              
the 2015 Facility [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Interest Margin above LIBOR, Minimum             0.90%    
Interest Margin above LIBOR, Maximum             1.50%    
Current interest rate on revolving credit facility 1.30%                
Commitment fee percentage 0.20%                
Amount of exclusions from EBITDA related to existing restructuring plans             $ 620    
Restructuring charges remaining to be excluded from calculation of consolidated EBITDA $ 558 558              
Amount of exclusions from EBITDA related to future litigation charges and payments             $ 2,000    
Legal payments remaining to be excluded from calculation of consolidated EBITDA 1,803 1,803              
Amended Definition of Consolidated EBITDA Amount of Legal Exclusion           $ 300      
Unsecured Term Loan Facility [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Interest Margin above LIBOR, Minimum               1.00%  
Interest Margin above LIBOR, Maximum               1.75%  
Long-term Debt, Gross $ 250 $ 250 400            
Unsecured Term Loan Facility, Interest Rate During Period 1.50% 1.50%     1.50%        
Unsecured Term Loan Repayment   $ 150              
2015 Term Loan [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Interest Margin above LIBOR, Minimum             1.00%    
Interest Margin above LIBOR, Maximum             1.75%    
Unsecured Term Loan Facility, Interest Rate During Period 1.50% 1.50%     1.50%        
Quarterly term-loan principal payments             $ 38    
$600 million, Senior Note [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Debt Instrument, Interest Rate, Stated Percentage 6.40% 6.40%     6.40%        
Due in 2018 [Member] | Unsecured Term Loan Facility [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Quarterly term-loan principal payments $ 20 $ 20              
Due Q4 2017 [Member] | Unsecured Term Loan Facility [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Quarterly term-loan principal payments $ 10 $ 10              
November 2015 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Debt Instrument, Interest Rate, Stated Percentage 5.50% 5.50%     5.50%        
January 2017 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 250 $ 250              
Debt Instrument, Interest Rate, Stated Percentage 5.125% 5.125%     5.125%        
October 2018 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 600 $ 600              
Debt Instrument, Interest Rate, Stated Percentage 2.65% 2.65%     2.65%        
January 2020 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 850 $ 850              
Debt Instrument, Interest Rate, Stated Percentage 6.00% 6.00%     6.00%        
May 2020 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 600 $ 600              
Debt Instrument, Interest Rate, Stated Percentage 2.85% 2.85%     2.85%        
May 2022 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 500 $ 500              
Debt Instrument, Interest Rate, Stated Percentage 3.375% 3.375%     3.375%        
May 2025 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 750 $ 750              
Debt Instrument, Interest Rate, Stated Percentage 3.85% 3.85%     3.85%        
October 2023 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 450 $ 450              
Debt Instrument, Interest Rate, Stated Percentage 4.125% 4.125%     4.125%        
November 2035 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Debt Instrument, Interest Rate, Effective Percentage 7.00% 7.00%     7.00%        
Senior notes $ 350 $ 350              
Debt Instrument, Interest Rate, Stated Percentage 6.25% 6.25%     6.25%        
January 2040 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 300 $ 300              
Debt Instrument, Interest Rate, Stated Percentage 7.375% 7.375%     7.375%        
$600 million, Snr Note [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Repayments of Debt   $ 1,830              
Premiums, accelerated amortization of debt issuance costs & investor discount costs [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Interest Expense   $ 45              
First four fiscal quarter-ends following the closing of the AMS Portfolio Acquisition [Member] | Covenant Requirement [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 4.5 4.5     4.5        
Fifth fiscal quarter-end following the closing of the AMS Portfolio Acquisition [Member] | Covenant Requirement [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 4.25 4.25     4.25        
Seventh fiscal quarter-end following the closing of the AMS Portfolio Acquisition [Member] | Covenant Requirement [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 3.75 3.75     3.75        
Eighth fiscal quarter-end and thereafter following the closing of the AMS Portfolio Acquisition [Member] | Covenant Requirement [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 3.50 3.50     3.50        
Sixth fiscal quarter-end following the closing of the AMS Portfolio Acquisition [Member] | Covenant Requirement [Member]                  
Summary of compliance with debt covenants                  
Maximum Leverage Ratio 4.00 4.00     4.00        
$600 million, Senior Note [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes $ 600 $ 600              
Aggregate Unsecured Term Loan Facility [Member] [Domain]                  
Schedule of debt maturities                  
Payments due, Total 1,000 1,000              
Unsecured Term Loan Facility [Member]                  
Debt Instrument [Line Items]                  
Long-term Debt, Current Maturities 0 0              
Schedule of debt maturities                  
Payments due in year two 85 85              
Payments due in year three 390 390              
Payments due in year four 150 150              
Payments due in year five 375 375              
Payments due, Thereafter 0 0              
November 2015 Notes [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Senior notes 400 400              
May 2022 Notes [Member]                  
Schedule of debt maturities                  
Payments due, Total 500 500              
May 2020 Notes [Member]                  
Schedule of debt maturities                  
Payments due, Total 600 600              
Offering Completed in May 2015 [Member]                  
Schedule of debt maturities                  
Payments due, Total 1,850 1,850              
Senior Notes [Member]                  
Debt Instrument [Line Items]                  
Long-term Debt, Current Maturities 0 0              
Schedule of debt maturities                  
Payments due in year two 250 250              
Payments due in year three 600 600              
Payments due in year four 0 0              
Payments due in year five 1,450 1,450              
Payments due, Thereafter 2,350 2,350              
Payments due, Total 4,650 4,650 3,800            
May 2025 Notes [Member]                  
Schedule of debt maturities                  
Payments due, Total 750 750              
Uncommitted Credit Facilities With Two Commercial Japanese Banks [Member]                  
Borrowings and Credit Arrangements (Textuals) [Abstract]                  
Maximum amount of proceeds from sale of finance receivables 175 175     ¥ 21.0        
De-recognized receivables $ 132 $ 132 $ 134            
Average discounted rates of notes receivables 1.60% 1.60% 1.80%   1.60%