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Long-term Debt and Capital Lease Obligation (Tables)
12 Months Ended
Dec. 31, 2011
Book Value and Principal Amounts of Long-Term Debt

This table summarizes the principal amounts of our long-term debt excluding unamortized discounts:

 

                Book value     Principal amount  
(In millions)               December 31,     December 31,     December 31,     December 31,  
Interest rate     Year of issue         2011     2010     2011     2010  
                                     
  6.900 %     1998     Senior debentures, due 2028   $ 28     $ 28     $ 28     $ 28  
  6.920 %     2005     Senior debentures, due 2028     391       391       391       391  
  6.125 %     2004     Senior notes, due 2034     371       371       374       374  
                 Total   $ 790     $ 790     $ 793     $ 793
Capital Lease Payments Over Next Five Years

Below are the expected capital lease obligations, totaling $31 million, excluding an insignificant amount of interest, that we expect to pay over the next five years:

 

    Years ended December 31,  
(In millions)   2012     2013     2014     2015     2016  
Capital lease obligations   $ 14     $ 11     $ 4     $ 2     $ 0