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DEBT (Tables)
12 Months Ended
Dec. 31, 2014
Debt Instruments [Abstract]  
Long-term Debt
Long-term debt at December 31, 2014 and 2013 consisted of the following:
 
2014
 
2013
 
 
 
 
Floating Rate Senior Notes due March 2014 (bearing interest at three-month LIBOR plus 0.85%)
$

 
$
200

5.45% Senior Notes due November 2015
500

 
500

3.20% Senior Notes due April 2016
304

 
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
524

 
520

4.70% Senior Notes due April 2021
549

 
533

4.25% Senior Notes due April 2024
311

 

6.95% Senior Notes due July 2037
421

 
421

5.75% Senior Notes due January 2040
439

 
439

Other
39

 
37

 
 
 
 
Total long-term debt
3,762

 
3,332

Less: current portion of long-term debt
518

 
212

 
 
 
 
Total long-term debt, net of current portion
$
3,244

 
$
3,120

Schedule of Maturities of Long-term Debt
As of December 31, 2014, long-term debt maturing in each of the years subsequent to December 31, 2015 was as follows:
Year Ending December 31,
 
2016
$
309

2017
381

2018
4

2019
301

2020
500

Thereafter
1,726

 
 
Total maturities of long-term debt
3,221

Unamortized discount
(20
)
Fair value basis adjustments attributable to hedged debt
43

 
 
Total long-term debt, net of current portion
$
3,244