Fair Value Measurements and Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Derivative Instruments

Fair values of derivative instruments measured on a recurring basis by level were as follows:

	Balance Sheet Location	March 31, 2014
(in millions)		Level 1		Level 2		Level 3		Total
Embedded derivatives	Other assets	$	—	$	—	$	48	$	48

	Balance Sheet Location	December 31, 2013
(in millions)		Level 1		Level 2		Level 3		Total
Embedded derivatives	Other long-term liabilities	$	—	$	—	$	13	$	13

Schedule of Gains (Losses) on Derivative Instruments

The following table summarizes the activity related to derivatives instruments:

	Three Months Ended March 31,
(in millions)	2014		2013
Loss recognized in other comprehensive loss:
Cross currency interest rate swaps	$	—	$	(74	)
Gain recognized in interest expense to affiliates:
Embedded derivatives	61		—
Interest rate swaps	—		2
Cross currency interest rate swaps	—		5

Schedule of Carrying Values and Fair Values of Long-term Debt

The carrying amounts and fair values of the Company’s long-term debt were as follows:

	March 31, 2014				December 31, 2013
(in millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt to affiliates	$	5,600	$	5,991	$	5,600	$	5,866
Long-term debt to third parties principal, excluding capital leases	13,600		14,516		13,600		14,251