Debt (Tables)

12 Months Ended

Dec. 31, 2011

Debt

Schedule of Debt Instruments

	Outstanding Balance						Stated Interest Rate
	December 31,						December 31,
	2011			2010			2011			2010
	(in millions)
Senior notes due 2015	$	753	(1)	$	728	(1)		5.7	%		5.7	%
Senior notes due 2019		341	(1)		312	(1)		7.3			7.3
Senior notes due 2020		805	(1)		763	(1)		5.3			5.3
Senior notes due 2039		200			200			7.8			7.8
Junior subordinated notes due 2066		294			308			7.5			7.5
Municipal bond inverse floater certificates due 2021		—			6			—			0.3
Total long-term debt		2,393			2,317
Short-term borrowings		504			397			0.3			0.3
Total	$	2,897		$	2,714

(1)

Amounts include adjustments for fair value hedges on the Company's long-term debt and any unamortized discounts. See Note 15 for information on the Company's fair value hedges.

Future maturities of debt

	(in millions)
2012	$	—
2013		—
2014		—
2015		700
2016		—
Thereafter		1,544
Total future maturities	$	2,244