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Debt (Tables)
9 Months Ended
Sep. 30, 2015
Debt [Abstract]  
Components Of Debt

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

2015

 

2014

 

 

(in millions)

Short-term debt:

 

 

7.15% Senior Notes due 2018

 

$

 

$

Variable rate (1.515% at December 31, 2014) bridge facility, due December 2015 (1)

 

 

 –  

 

 

4,500 

Total short-term debt

 

$

 

$

4,501 

 

 

 

 

 

 

 

Long-term debt:

 

 

 

 

 

 

Commercial paper (1.266% at September 30, 2015)

 

$

520 

 

$

–  

Variable rate (1.664% and 1.515% at September 30, 2015 and December 31, 2014, respectively) unsecured revolving credit facility

 

 

280 

 

 

300 

Variable rate (1.545% at December 31, 2014) term loan facility, due December 2016 (2)

 

 

–  

 

 

500 

7.35% Senior Notes due 2017

 

 

15 

 

 

15 

7.125% Senior Notes due 2017

 

 

25 

 

 

25 

7.15% Senior Notes due 2018

 

 

27 

 

 

27 

3.3% Senior Notes due 2018

 

 

350 

 

 

–  

7.5% Senior Notes due 2018

 

 

600 

 

 

600 

4.05% Senior Notes due 2020

 

 

850 

 

 

–  

4.10% Senior Notes due 2022

 

 

1,000 

 

 

1,000 

4.95% Senior Notes due 2025

 

 

1,000 

 

 

–  

Unamortized discount

 

 

(4)

 

 

(1)

Total long-term debt

 

$

4,663 

 

$

2,466 

 

 

 

 

 

 

 

Total debt

 

$

4,664 

 

$

6,967 

 

(1)

The bridge facility was repaid in full in January 2015 with proceeds from the issuance of $2.2 billion of long-term senior notes and $2.3 billion of common and mandatory convertible preferred stock.

 

(2)

The term loan facility was repaid in full in April 2015 with proceeds from the divestiture of the Company’s northeastern Pennsylvania gathering assets and borrowings under the revolving credit facility.