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NOTES PAYABLE (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
A summary of notes payable as of December 31 follows:
(In millions)
2015
 
2014
3.45% senior notes paid August 2015
 
$
0

 
 
 
$
300

 
2.65% senior notes due February 2017
 
652

(1) 
 
 
653

(1) 
8.50% senior notes due May 2019
 
0

(2) 
 
 
850


2.40% senior notes due March 2020
 
550

 
 
 
0

 
4.00% senior notes due February 2022
 
350


 
 
350


3.625% senior notes due June 2023
 
700

 
 
 
700

 
3.625% senior notes due November 2024
 
749

(3) 
 
 
749

(3) 
3.25% senior notes due March 2025
 
448

(3) 
 
 
0

 
6.90% senior notes due December 2039
 
397

(3) 
 
 
397

(3) 
6.45% senior notes due August 2040
 
448

(3) 
 
 
448

(3) 
5.50% subordinated debentures due September 2052
 
500

 
 
 
500

 
Yen-denominated Uridashi notes:
 
 
 
 
 
 
 
2.26% notes due September 2016 (principal amount 8 billion yen)
 
66

 
 
 
66

 
Yen-denominated Samurai notes:
 
 
 
 
 
 
 
1.84% notes due July 2016 (principal amount 15.8 billion yen)
 
131

 
 
 
131

 
Yen-denominated loans:
 
 
 
 
 
 
 
3.60% loan paid July 2015 (principal amount 10 billion yen)
 
0

 
 
 
83

 
3.00% loan paid August 2015 (principal amount 5 billion yen)
 
0

 
 
 
41

 
Capitalized lease obligations payable through 2022
 
20

 
 
 
14

 
Total notes payable
 
$
5,011

 
 
 
$
5,282

 

(1) Principal amount plus an issuance premium that is being amortized over the life of the notes
(2) Redeemed in April 2015
(3) Principal amount net of an issuance discount that is being amortized over the life of the notes
Schedule of Maturities of Long Term Debt
The aggregate contractual maturities of notes payable during each of the years after December 31, 2015, are as follows:
(In millions)
Long-term
Debt
 
Capitalized
Lease
Obligations
 
Total
Notes
Payable
2016
 
$
197

 
 
 
$
6

 
 
 
$
203

 
2017
 
650

 
 
 
5

 
 
 
655

 
2018
 
0

 
 
 
4

 
 
 
4

 
2019
 
0

 
 
 
3

 
 
 
3

 
2020
 
550

 
 
 
1

 
 
 
551

 
Thereafter
 
3,600

 
 
 
1

 
 
 
3,601

 
Total
 
$
4,997

 
 
 
$
20

 
 
 
$
5,017