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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of fair value of liabilities measured on a recurring basis
The table below presents the fair values for the Company’s long-term debt as well as the input levels used to determine these fair values as of September 30, 2016 and December 31, 2015:

 
 
 
 
 
 
Fair Value Measurement Using
 
 
Total Carrying Value in Consolidated Balance Sheets
 
Unadjusted Quoted Prices in Active
Markets for Identical Assets or Liabilities (Level 1)
 
Significant Other Observable Inputs (Level 2)
(dollars in millions)
 
September 30,
2016
 
December 31,
2015
 
September 30,
2016
 
December 31,
2015
 
September 30,
2016
 
December 31,
2015
Liabilities Not Recorded at Fair Value in the Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, including the current portion:
 
 
 
 
 
 
 
 
 
 
 
 
Term Loans
 
$
4,564

 
$
4,556

 
$
4,636

 
$
4,570

 
$

 
$

Senior Notes
 
6,131

 
6,126

 
6,439

 
6,298

 

 

Capital Leases and Other
 
187

 
199

 

 

 
187

 
199

Total Long-term Debt, including the current portion
 
$
10,882

 
$
10,881

 
$
11,075

 
$
10,868

 
$
187

 
$
199



The Company does not have any assets or liabilities where the fair value is measured using significant unobservable inputs (Level 3).