Long-Term Debt

3 Months Ended

Mar. 31, 2012

(4) Long-Term Debt

Long-term debt, including unamortized discounts and premiums, is as follows:

			Successor

	Interest Rates	Maturities	March 31, 2012			December 31, 2011
			(Dollars in millions)
Senior notes and debentures(1)	6.500% - 8.375%	2013 - 2051	$	7,829			7,829
Capital lease and other obligations	Various	Various		150			176
Unamortized premiums, net				298			320

Total long-term debt				8,277			8,325

Less current maturities				(435	)		(64	)

Long-term debt, excluding current maturities			$	7,842			8,261

(1): Our $750 million Notes due 2013 are floating rate notes, which rate is re-measured every three months. As of the most recent measurement date of March 15, 2012, the rate for these notes was 3.724%, which is not included in the range of rates stated above.

Covenants

As of the successor date of March 31, 2012, we believe we were in compliance with the provisions and covenants of our debt agreements.

Other

See Note 10—Subsequent Events for other recent transactions affecting our long-term debt.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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