FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of estimated fair value of long-term debt

(unaudited)		September 30, 2014			December 31, 2013
(millions of dollars)	Carrying Value		Fair Value	Carrying Value		Fair Value

Senior Credit Facility due 2017	335		335	380		380
Term Loan Facility due 2018	500		500	500		500
4.65% Senior Notes due 2021	349		368	349		353
5.09% Unsecured Senior Notes due 2015	75		77	75		79
5.29% Unsecured Senior Notes due 2020	100		111	100		106
5.69% Unsecured Senior Notes due 2035	150		167	150		154
3.82% Series D Senior Notes due 2017	24		25	24		25
	1,533		1,583	1,578		1,597

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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