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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
A summary of the notional amounts of these interest rate swaps as of March 31, 2015 and December 31, 2014 is as follows:    
 
 
 
 
Notional Amount
Debt Instrument
 
Floating Rate Paid by the Company
 
March 31, 2015
 
December 31, 2014
 
 
 
 
 
 
 
3.20% Senior Notes due April 2016
 
Six-month LIBOR plus a 2.3% spread
 
$
200

 
$
200

4.75% Senior Notes due January 2020
 
One-month LIBOR plus a 3.6% spread
 
350

 
350

4.70% Senior Notes due April 2021
 
One-month LIBOR plus a 2.45% to 3.39% spread
 
400

 
400

4.25% Senior Notes due April 2024
 
One-month LIBOR plus a 1.54% to 1.59% spread
 
250

 
250

3.50% Senior Notes due March 2025
 
One-month LIBOR plus a 1.44% spread
 
200

 

 
 
 
 
 
 
 
 
 
 
 
$
1,400

 
$
1,200

Schedule of the fair values of derivative instruments
A summary of the fair values of derivative instruments in the consolidated balance sheets is stated in the table below:

 
March 31, 2015
 
December 31, 2014
 
Balance Sheet
Classification
 
Fair Value
 
Balance Sheet
Classification
 
Fair Value
Derivatives Designated as Hedging Instruments
 
 
 

 
 
 
 

Asset Derivatives:
 
 
 

 
 
 
 

Interest rate swaps
Other assets
 
$
31

 
Other assets
 
$
17

 
 
 
 
 
 
 
 
Liability Derivatives:
 
 
 
 
 
 
 
Interest rate swaps
Other liabilities
 
5

 
Other liabilities
 
13

Forward starting interest rate swaps
Other liabilities
 

 
Other liabilities
 
15

Total Liability Derivatives
 
 
5

 
 
 
28

 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
 
 
 

 
 
 
 

Asset Derivatives:
 
 
 

 
 
 
 

Put option
Prepaid expenses and other current assets
 
1

 
Prepaid expenses and other current assets
 
1

 
 
 
 
 
 
 
 
Liability Derivatives:
 
 
 
 
 
 
 
Call option
Accounts payable and accrued expenses
 
5

 
Accounts payable and accrued expenses
 
5

 
 
 
 
 
 
 
 
Total Net Derivatives Assets (Liabilities)
 
 
$
22

 
 
 
$
(15
)