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Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Debt

The Company’s outstanding debt consisted of the following for the periods presented:

 

 

 

December 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

 

 

(in millions)

 

Short-Term Debt:

 

 

 

 

 

 

 

 

Chinese Credit Facilities

 

$

7

 

 

$

1

 

2016 Credit Facility

 

 

73

 

 

 

 

Total Short-Term Debt (1)

 

$

80

 

 

$

1

 

 

 

 

 

 

 

 

 

 

Long-Term Debt:

 

 

 

 

 

 

 

 

2015 Credit Facility

 

$

91

 

 

$

200

 

Total Long-Term Debt

 

$

91

 

 

$

200

 

 

(1)

The weighted-average interest rate on short-term debt was 2.1% as of December 31, 2016.