Debt and Interest Costs (Tables)

3 Months Ended

Mar. 31, 2017

Debt and Interest Costs

Schedule of long-term debt

	March 31,		December 31,
($ in millions)	2017		2016
Senior Notes
5.25% due July 2025	$	1,000	$	1,000
4.375% due December 2020		1,000		1,000
4.00% due November 2023		1,000		1,000
4.375%, euro denominated, due December 2023		746		736
5.00% due March 2022		750		750
3.50%, euro denominated, due December 2020		426		421
Senior Credit Facilities, due March 2021 (at variable rates)
Term A loan, due June 2021		1,365		1,383
Term A loan, euro denominated, due June 2021		967		954
Multi-currency USD revolver, due March 2021		345		190
Other (including debt issuance costs)		(44)		(45)
		7,555		7,389
Less: Current portion of long-term debt		(79)		(79)
	$	7,476	$	7,310

Schedule of Debt Refinancing and Other Costs

	Three Months Ended March 31,
($ in millions)	2017		2016
Debt Refinancing and Other Costs:
Interest expense on 3.5% and 4.375% senior notes	$	—	$	(25)
Economic hedge - interest rate risk		—		(16)
Refinance of bridge and revolving credit facilities		—		(13)
Amortization of unsecured, committed bridge facility financing fees		—		(7)
	$	—	$	(61)