FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Estimated Fair Values and Carrying Values of Long-Term Debt and Line of Credit

The estimated fair values and carrying values of our long-term debt and line of credit consisted of the following:

	MARCH 31, 2019				DECEMBER 31, 2018
DOLLAR AMOUNTS IN MILLIONS	CARRYING  VALUE		FAIR VALUE (LEVEL 2)		CARRYING  VALUE		FAIR VALUE (LEVEL 2)
Long-term debt (including current maturities) and line of credit(1):
Fixed rate	$	5,931	$	6,775	$	5,694	$	6,345
Variable rate	470		470		650		650
Total debt	$	6,401	$	7,245	$	6,344	$	6,995

(1) Excludes nonrecourse debt held by our Variable Interest Entities (VIEs).