Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions of dollars)	September 30, 2014		December 31, 2013
Short-term:
Current portion of long-term debt	$	640	$	334
Long-term:
Senior notes – 5.875% due 2033	297		297
Senior notes – 5.375% due 2014	—		323
Senior notes – 5.75% due 2015	230		230
Senior notes – 2.30% due 2017	249		249
Senior notes – 9.25% due 2019	399		399
Senior notes – 4.80% due 2021	497		497
Senior notes – 2.55% due 2018	249		248
Senior notes – 4.05% due 2023	248		247
Senior notes – 3.50% due 2024	595		—
Senior notes – 2.35% due 2019	300		—
Senior notes – 3.50% due 2025	498		—
Mortgage – 5.70% due 2035	405		413
Term Loan Facility - due 2016	50		50
Other	2		2
	4,019		2,955
Less current portion	640		334
	$	3,379	$	2,621

Estimated Fair Value Of Significant Financial Instruments

The estimated fair value of the Company’s short-term and long-term debt is provided below. Certain estimates and judgments were required to develop the fair value amounts. 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, 2014				December 31, 2013
(In millions of dollars)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	640	$	776	$	334	$	334
Long-term debt	$	3,379	$	3,500	$	2,621	$	2,819