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Capital Structure (Tables)
9 Months Ended
Sep. 30, 2013
Capital Structure  
Total debt outstanding

 

($ in millions)

 

September 30,
2013

 

December 31,
2012

7.50% Debentures, due 2013

$

--

$

250

5.00% Senior Notes, due 2014 (1)

 

650

 

650

6.20% Senior Notes, due 2014 (1)

 

300

 

300

6.75% Senior Debentures, due 2018

 

176

 

250

7.45% Senior Notes, due 2019 (1)

 

317

 

700

3.15% Senior Notes, due 2023 (1)

 

500

 

--

6.125% Senior Notes, due 2032 (1)

 

159

 

250

5.35% Senior Notes due 2033 (1)

 

323

 

400

5.55% Senior Notes due 2035 (1)

 

555

 

800

5.95% Senior Notes, due 2036 (1)

 

386

 

650

6.90% Senior Debentures, due 2038

 

165

 

250

5.20% Senior Notes, due 2042 (1)

 

72

 

500

4.50% Senior Notes, due 2043 (1)

 

500

 

--

5.10% Subordinated Debentures, due 2053

 

500

 

--

5.75% Subordinated Debentures, due 2053

 

800

 

--

6.125% Junior Subordinated Debentures, due 2067

 

259

 

500

6.50% Junior Subordinated Debentures, due 2067

 

500

 

500

Synthetic lease VIE obligations, floating rates, due 2014

 

44

 

44

Federal Home Loan Bank (“FHLB”) advances, due 2018

 

11

 

13

Total long-term debt

 

6,217

 

6,057

Short-term debt (2)

 

--

 

--

Total debt

$

6,217

$

6,057

___________

(1)   Senior Notes are subject to redemption at the Company’s option in whole or in part at any time at the greater of either 100% of the principal amount plus accrued and unpaid interest to the redemption date or the discounted sum of the present values of the remaining scheduled payments of principal and interest and accrued and unpaid interest to the redemption date.

(2)     The Company classifies any borrowings which have a maturity of twelve months or less at inception as short-term debt.