XML 54 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900
Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Carrying value of outstanding debt
The following table summarizes the carrying value of our outstanding debt:
 
 
Coupon
 
Carrying Value as of
 
Effective
 
Carrying Value as of
 
Effective
 
 
 Rate
 
December 31, 2015
 
 Interest Rate
 
December 31, 2014
 
 Interest Rate
 
 
(In millions, except percentages)
Long-Term Debt
 
 
 
 
 
 
 
 
 
 
Floating Rate Notes:
 
 
 
 
 
 
 
 
 
 
Senior notes due 2017
 
LIBOR plus 0.20%

 
$
450

 
0.586
%
 
$
450

 
0.560
%
Senior notes due 2019
 
LIBOR plus 0.48%

 
400

 
0.825
%
 
400

 
0.811
%
 
 
 
 
 
 
 
 
 
 
 
Fixed Rate Notes:
 
 
 
 
 
 
 
 
 
 
Senior notes due 2017
 
1.350
%
 
1,000

 
1.456
%
 
1,000

 
1.456
%
Senior notes due 2019
 
2.200
%
 
1,148

 
2.346
%
 
1,148

 
2.346
%
Senior notes due 2020
 
3.250
%
 
499

 
3.389
%
 
498

 
3.389
%
Senior notes due 2021
 
2.875
%
 
749

 
2.993
%
 
749

 
2.993
%
Senior notes due 2022
 
2.600
%
 
999

 
2.678
%
 
999

 
2.678
%
Senior notes due 2024
 
3.450
%
 
749

 
3.531
%
 
749

 
3.531
%
Senior notes due 2042
 
4.000
%
 
744

 
4.114
%
 
743

 
4.114
%
Total senior notes
 
 
 
6,738

 
 
 
6,736

 
 
Hedge accounting fair value adjustments
 
 
 
41

 
 
 
22

 
 
Other indebtedness
 
 
 

 
 
 
19

 
 
Total long-term debt
 
 
 
$
6,779

 
 
 
$
6,777

 
 
 
 
 
 
 
 
 
 
 
 
 
Short-Term Debt
 
 
 
 
 
 
 
 
 
 
Senior notes due 2015
 
0.700
%
 

 
%
 
250

 
0.820
%
Senior notes due 2015
 
1.625
%
 

 
%
 
600

 
1.805
%
Total short-term debt
 
 
 

 
 
 
850

 
 
Total Debt
 
 
 
$
6,779

 
 
 
$
7,627

 
 

Schedule of expected future principal maturities
Expected future principal maturities as of December 31, 2015 are as follows (in millions):
Fiscal Years:
 
2016
$

 
2017
1,450

 
2018

 
2019
1,550

 
2020
500

 
Thereafter
3,250

 
 
$
6,750