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NOTES PAYABLE (Tables)
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
A summary of notes payable follows:
(In millions)
March 31, 2014
 
December 31, 2013
3.45% senior notes due August 2015
 
$
300

 
 
 
$
300

 
2.65% senior notes due February 2017
 
655

(1) 
 
 
655

(1) 
8.50% senior notes due May 2019
 
850

 
 
 
850

 
4.00% senior notes due February 2022
 
349

(2) 
 
 
349

(2) 
3.625% senior notes due June 2023
 
700

 
 
 
700

 
6.90% senior notes due December 2039
 
396

(2) 
 
 
396

(2) 
6.45% senior notes due August 2040
 
448

(2) 
 
 
448

(2) 
5.50% subordinated debentures due September 2052
 
500

 
 
 
500

 
Yen-denominated Uridashi notes:
 
 
 
 
 
 
 
2.26% notes due September 2016 (principal amount 8 billion yen)
 
78

 
 
 
76

 
Yen-denominated Samurai notes:
 
 
 
 
 
 
 
1.47% notes due July 2014 (principal amount 28.7 billion yen)
 
279

 
 
 
272

 
1.84% notes due July 2016 (principal amount 15.8 billion yen)
 
154

 
 
 
150

 
Variable interest rate notes due July 2014 (1.30% in 2014 and 2013,
principal amount 5.5 billion yen)
 
53

 
 
 
52

 
Yen-denominated loans:
 
 
 
 
 
 
 
3.60% loan due July 2015 (principal amount 10 billion yen)
 
97

 
 
 
95

 
3.00% loan due August 2015 (principal amount 5 billion yen)
 
49

 
 
 
48

 
Capitalized lease obligations payable through 2018
 
5

 
 
 
6

 
Total notes payable
 
$
4,913

 
 
 
$
4,897

 

(1) Principal amount plus an issuance premium that is being amortized over the life of the notes
(2) Principal amount net of an issuance discount that is being amortized over the life of the notes