Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of Outstanding Debt

The Company’s outstanding debt is as follows:

(In millions of dollars)	March 31, 2015		December 31, 2014
Short-term:
Current portion of long-term debt	$	61	$	11
Long-term:
Senior notes – 2.30% due 2017	249		249
Senior notes – 2.55% due 2018	249		249
Senior notes – 2.35% due 2019	300		300
Senior notes – 2.35% due 2020	500		—
Senior notes – 4.80% due 2021	497		497
Senior notes – 4.05% due 2023	248		248
Senior notes – 3.50% due 2024	599		595
Senior notes – 3.50% due 2025	498		498
Senior notes – 5.875% due 2033	297		297
Mortgage – 5.70% due 2035	400		403
Term Loan Facility – due 2016	50		50
Other	2		1
	3,889		3,387
Less current portion	61		11
	$	3,828	$	3,376

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.

	March 31, 2015				December 31, 2014
(In millions of dollars)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Short-term debt	$	61	$	61	$	11	$	11
Long-term debt	$	3,828	$	4,009	$	3,376	$	3,493