XML 65 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Tables)
9 Months Ended
Sep. 30, 2013
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
The Company’s outstanding debt is as follows:
 
(In millions of dollars)
September 30,
2013

 
December 31,
2012

Short-term:
 
 
 
Current portion of long-term debt
$
583

 
$
260

Long-term:
 
 
 
Senior notes – 4.850% due 2013

 
250

Senior notes – 5.875% due 2033
297

 
296

Senior notes – 5.375% due 2014
323

 
326

Senior notes – 5.75% due 2015
479

 
479

Senior notes – 2.30% due 2017
249

 
249

Senior notes – 9.25% due 2019
399

 
398

Senior notes – 4.80% due 2021
497

 
497

Senior notes – 2.55% due 2018
248

 

Senior notes – 4.05% due 2023
247

 

Mortgage – 5.70% due 2035
415

 
422

Term Loan Facility - due 2016
50

 

Other
2

 
1

 
3,206

 
2,918

Less current portion
583

 
260

 
$
2,623

 
$
2,658

Gain Or Loss On The Hedged Item And Offsetting Gain Or Loss On Interest Rate Swaps
The gain or (loss) on the hedged item (fixed rate debt) and the offsetting gain or (loss) on the interest rate swaps for the year-to-date periods ended September 30, 2013 and 2012 are as follows:
 
2013
 
2012
Income statement classification                (In millions of dollars)
Loss on Swaps
 
Gain on Notes
 
Net Income Effect
 
Loss on Swaps
 
Gain on Notes
 
Net Income Effect
Other Operating Expenses
$
(3
)
 
$
3

 
$

 
$
(1
)
 
$
1

 
$

Estimated Fair Value Of Significant Financial Instruments
The fair value amounts shown below are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or need to dispose of the financial instrument.

  
September 30, 2013
 
December 31, 2012
(In millions of dollars)
Carrying
Amount

 
Fair
Value

 
Carrying
Amount

 
Fair
Value

Short-term debt
$
583

 
$
614

 
$
260

 
$
261

Long-term debt
$
2,623

 
$
2,828

 
$
2,658

 
$
2,986