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Borrowings (Tables)
12 Months Ended
Dec. 31, 2016
Borrowings [Abstract]  
Long-term Debt Including Unamortized Debt Discounts and Premiums



 

 

 

 

 

 

 

 

 

 

 

 

December 31,

  

 

 

 

 

 

2016

 

 

2015

Senior Notes

  

 

 

 

 

$

2,558 

  

 

$

2,553 

(1)

Medium-Term Notes, Series A

  

 

 

 

 

 

250 

  

 

 

249 

(1)

Finance lease obligation

  

 

 

 

 

 

68 

  

 

 

75 

  

Total long-term debt

  

 

 

 

 

$

2,876 

  

 

$

2,877 

  



 

 

 

 

 

 

 

 

 

 

 

 

(1)

Balances as of December 31, 2015 have been recast as a result of the adoption of ASU 2015-03, to present debt issuance costs of $13 million as a direct deduction from the carrying amount of the associated debt liability, consistent with the recording of debt discounts.



Annual Maturities on Long-term Debt Outstanding



 

 

 

 

 

 

 

 

 

 

2017

 

 

 

 

 

 

 

$

258 

  

2018

 

 

 

 

 

 

 

 

908 

  

2019

 

 

 

 

 

 

 

 

  

2020

 

 

 

 

 

 

 

 

709 

  

2021

 

 

 

 

 

 

 

 

  

Thereafter

 

 

 

 

 

 

 

 

1,008 

  

Total maturities

 

 

 

 

 

 

 

 

2,900 

  

Unamortized discount, net

 

 

 

 

 

 

 

 

(14)

 

Debt issuance costs

 

 

 

 

 

 

 

 

(10)

 

Total long-term debt

 

 

 

 

 

 

 

$

2,876