NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

A summary of notes payable follows:

(In millions)	March 31, 2016				December 31, 2015
2.65% senior notes due February 2017		$	650	(1)		$	651	(1)
2.40% senior notes due March 2020		547				546
4.00% senior notes due February 2022		348				348
3.625% senior notes due June 2023		696				696
3.625% senior notes due November 2024		744		(2)		744		(2)
3.25% senior notes due March 2025		446		(2)		445		(2)
6.90% senior notes due December 2039		393		(2)		393		(2)
6.45% senior notes due August 2040		444		(2)		445		(2)
5.50% subordinated debentures due September 2052		486				486
Yen-denominated Uridashi notes:
2.26% notes due September 2016 (principal amount 8 billion yen)		71				66
Yen-denominated Samurai notes:
1.84% notes due July 2016 (principal amount 15.8 billion yen)		140				131
Capitalized lease obligations payable through 2023		19				20
Total notes payable		$	4,984			$	4,971

⁽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

Prior-year amounts have been adjusted for the adoption of accounting guidance on January 1, 2016 related to debt issuance costs.