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Derivatives (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives as they appear on the Balance Sheet
The following tables present the gross fair values of derivative instruments, excluding cash collateral, and the reported net amounts along with where they appear on the consolidated balance sheets as of December 31, 2014 and 2013.
 
December 31, 2014
 
 
(In millions)
Asset
 
Liability
 
Net Asset
 
Balance Sheet Location
Fair Value Hedges
 
 
 
 

 
 
     Interest rate
$
8

 
$

 
$
8

 
Other noncurrent assets
Total Designated Hedges
$
8

 
$

 
$
8

 
 

 
December 31, 2013
 
 
(In millions)
Asset
 
Liability
 
Net Asset
 
Balance Sheet Location
Fair Value Hedges
 
 
 
 
 
 
 
     Interest rate
$
8

 
$

 
$
8

 
Other noncurrent assets
     Foreign currency
2

 

 
2

 
Other current assets
Total Designated Hedges
$
10

 
$

 
$
10

 
 

 
December 31, 2013
 
 
(In millions)
Asset
 
Liability
 
Net Liability
 
Balance Sheet Location
Fair Value Hedges
 
 
 
 
 
 
 
     Foreign currency
$

 
$
4

 
$
4

 
Other current liabilities
Total Designated Hedges
$

 
$
4

 
$
4

 
 
Schedule of Interest Rate Derivatives [Table Text Block]
The following table presents by maturity date, information about our interest rate swap agreements, including the weighted average, London Interbank Offer Rate (“LIBOR”)-based, floating rate.
 
December 31, 2014
 
December 31, 2013
 
Aggregate Notional Amount
Weighted Average, LIBOR-Based,
 
Aggregate Notional Amount
Weighted Average, LIBOR-Based,
Maturity Dates
(in millions)
Floating Rate
 
(in millions)
Floating Rate
October 2, 2017
$
600

4.64
%
 
$
600

4.65
%
March 15, 2018
$
300

4.49
%
 
$
300

4.50
%
Effects of derivatives designated as fair value hedges
The pretax effect of derivative instruments designated as hedges of fair value in our consolidated statements of income is summarized in the table below. There is no ineffectiveness related to the fair value hedges.
 
 
Gain (Loss)
 
 
Year Ended December 31,
(In millions)
Income Statement Location
2014
 
2013
 
2012
Derivative
 
 
 
 
 
 
Interest rate
Net interest and other
$

 
$
(13
)
 
$
16

Foreign currency
Discontinued operations
(36
)
 
(44
)
 
(1
)
Hedged Item
 
 

 
 

 
 
Long-term debt
Net interest and other
$

 
$
13

 
$
(16
)
Accrued taxes
Discontinued operations
36

 
44

 
1