DEBT

Long-term debt at March 31, 2014 and December 31, 2013 consisted of the following:



	March 31, 2014		December 31, 2013

Floating Rate Senior Notes due March 2014	$	—	$	200
5.45% Senior Notes due November 2015	500		500
3.20% Senior Notes due April 2016	306		307
6.40% Senior Notes due July 2017	375		375
2.70% Senior Notes due April 2019	300		—
4.75% Senior Notes due January 2020	521		520
4.70% Senior Notes due April 2021	539		533
4.25% Senior Notes due April 2024	297		—
6.95% Senior Notes due July 2037	421		421
5.75% Senior Notes due January 2040	439		439
Other	54		37

Total long-term debt	3,752		3,332
Less: current portion of long-term debt	28		212

Total long-term debt, net of current portion	$	3,724	$	3,120

2014 Senior Notes Offering

In March 2014, the Company completed a $600 million senior notes offering (the “2014 Senior Notes”) that was sold in two tranches: (a) $300 million aggregate principal amount of 2.70% senior notes due April 2019; and (b) $300 million aggregate principal amount of 4.25% senior notes due April 2024, issued at a discount of $1 million. These senior notes are unsecured obligations of the Company and rank equally with the Company's other senior unsecured obligations. None of the Company's senior notes have a sinking fund requirement.

The Company incurred $5 million of costs associated with the 2014 Senior Notes, which is included in other assets and is being amortized over the term of the related debt.

Maturities of Long-Term Debt

As of March 31, 2014, long-term debt matures as follows:



Year Ending December 31,
Remainder of 2014	$	15
2015	523
2016	309
2017	380
2018	2
2019	300
Thereafter	2,225

Total maturities of long-term debt	3,754
Unamortized discount	(21		)
Fair value basis adjustments attributable to hedged debt	19

Total long-term debt	3,752
Current portion of long-term debt	28

Total long-term debt, net of current portion	$	3,724

For further discussion regarding the Company's debt, see Note 13 to the consolidated financial statements in the Company's 2013 Annual Report on Form 10-K.