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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2011
Fair Value Disclosures [Abstract] 
Fair value and amortized cost of investments
The fair value and amortized cost of these bonds are as follows:
(Dollars in millions)
September 30,
2011
 
December 31, 2010
Fair Value
$
153

 
$
123

Amortized Cost
$
152

 
$
121

Schedule of investment maturities
These investments have the following maturities:
(Dollars in millions)
September 30,
2011
 
December 31, 2010
Less than 1 year
$
53

 
$
44

1 - 2 years (a)
27

 
45

2 - 5 years (b)
73

 
31

Greater than 5 years

 
3

Total
$
153

 
$
123


(a)
The 1-2 year category includes callable bonds of approximately $5 million as of year end 2010, which are classified as short-term investments on the consolidated balance sheet. There were no callable bonds in this category as of nine months ended 2011.

(b)
The 2-5 year category includes callable bonds of approximately $8 million and $5 million as of nine months ended 2011 and year end 2010, respectively, which are classified as short-term investments on the consolidated balance sheet.

Fair value and carrying value of long-term debt
The fair value and carrying value of the Company's long-term debt is as follows:

(Dollars in millions)
September 30,
2011
 
December 31, 2010
Long-term Debt Including
Current Maturities:
 
 
 
Fair Value
$
10,043

 
$
9,624

Carrying Value
$
8,654

 
$
8,664