XML 40 R30.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE MEASUREMENTS, INCLUDING DERIVATIVES (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 
 
March 31, 2019
 
December 31, 2018
(millions)
 
Carrying
Amount
 
Estimated
Fair Value (1)
 
Carrying
Amount
 
Estimated
Fair Value (1)
Long-term debt (2)
 
$
3,975

 
$
4,567

 
$
5,146

 
$
5,470


(1) 
Fair value is estimated based on net present value calculations using independently sourced market data that incorporate a developed discount rate using similarly rated long-term debt, along with benchmark interest rates. All fair value measurements are classified as Level 2. The carrying amount of debt issuances with short-term maturities and variable rates refinanced at current market rates is a reasonable estimate of their fair value.
(2) 
Carrying amount includes amounts which represent the unamortized debt issuance costs and discount or premium.