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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of fair value of liabilities measured on a recurring basis
The table below presents the fair values for our long-term debt as well as the input levels used to determine these fair values as of March 31, 2017 and December 31, 2016:

 
 
 
 
 
 
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)
 
March 31,
2017
 
December 31,
2016
 
March 31,
2017
 
December 31,
2016
 
March 31,
2017
 
December 31,
2016
Liabilities Not Recorded at Fair Value in the Financial Statements:
 
 
 
 
 
 
 
 
 
 
 
 
Long-term Debt, including the current portion:
 
 
 
 
 
 
 
 
 
 
 
 
Term Loans
 
$
4,567

 
$
4,566

 
$
4,616

 
$
4,671

 
$

 
$

Senior Notes
 
6,138

 
6,135

 
6,367

 
6,283

 

 

Capital Leases and Other
 
183

 
183

 

 

 
183

 
183

Total Long-term Debt, including the current portion
 
$
10,888

 
$
10,884

 
$
10,983

 
$
10,954

 
$
183

 
$
183



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