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Debt (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-Term Debt.

 

December 31,    2015      2014  

5.55% Notes, due 2017

   $ 750       $ 750   

6.50% Bonds, due 2018

     250         250   

6.75% Notes, due 2018

     750         750   

5.72% Notes, due 2019

     750         750   

1.63% Convertible Notes, due 2019*

     403         -   

6.150% Notes, due 2020

     1,000         1,000   

5.40% Notes, due 2021

     1,250         1,250   

5.87% Notes, due 2022

     627         627   

5.125% Notes, due 2024

     1,250         1,250   

5.90% Notes, due 2027

     625         625   

6.75% Bonds, due 2028

     300         300   

5.95% Notes due 2037

     625         625   

BNDES Loans, due 2015-2029 (see below for weighted average rates)

     174         267   

Iowa Finance Authority Loan, due 2042 (4.75%)

     250         250   

Other**

     61         104   
     9,065         8,798   

Less: amount due within one year

     21         29   
     $ 9,044       $ 8,769   
* Amount was assumed in conjunction with the acquisition of RTI (see Note F).
** Other includes various financing arrangements related to subsidiaries, unamortized debt discounts related to the outstanding notes and bonds listed in the table above, an equity option related to the convertible notes due in 2019 (see Note F), and adjustments to the carrying value of long-term debt related to an interest swap contract accounted for as a fair value hedge (see Derivatives in Note X).