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Debt (Tables)
12 Months Ended
Dec. 31, 2012
Debt  
Schedule of Debt Instruments

 

 

 
  Outstanding Balance   Stated Interest Rate  
 
  December 31,   December 31,  
 
  2012   2011   2012   2011  
 
  (in millions)
   
   
 

Senior notes due 2015

  $ 750 (1) $ 753 (1)   5.7 %   5.7 %

Senior notes due 2019

    347 (1)   341 (1)   7.3     7.3  

Senior notes due 2020

    812 (1)   805 (1)   5.3     5.3  

Senior notes due 2039

    200     200     7.8     7.8  

Junior subordinated notes due 2066

    294     294     7.5     7.5  
                       

Total long-term debt

    2,403     2,393              

Short-term borrowings

    501     504     0.4     0.3  
                       

Total

  $ 2,904   $ 2,897              
                       
(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)  

2013

  $  

2014

     

2015

    700  

2016

     

2017

     

Thereafter

    1,544  
       

Total future maturities

  $ 2,244