DEBT (TABLE)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Details of the Company’s outstanding long-term debt are as follows (in millions):

	December 31, 2014		December 31, 2013
6.50% senior notes, net of discount, due 2016	$	158	$	400
9.00% senior notes, net of discount, due 2019	143		248
4.20% senior notes, net of discount, due 2022	600		599
4.20% senior notes, net of discount, due 2024	392		—
7.00% senior notes, net of discount, due 2036	540		540
Accounts receivable securitization facility, maturing in 2016	106		162
Senior revolving credit facility, maturing in 2018	—		12
Various capital leases, due through and beyond 2050	47		49
Various floating rate debt, maturing through 2017	—		1
Fair value adjustment to debt	8		16
Total long-term debt	1,994		2,027
Less – current portion	3		3
Long-term debt, net of current portion	$	1,991	$	2,024

Schedule of Maturities of Long-term Debt

The effects of the interest rate swap are not included in the table below.

Period	Maturities
2015	$	7
2016	269
2017	4
2018	4
2019	147
2020 and beyond	1,563
Total	$	1,994