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Debt (Tables)
9 Months Ended
Sep. 30, 2012
Debt  
Schedule of Debt Instruments

 

 

 

 

Outstanding Balance

 

Stated Interest Rate

 

 

 

September 30,
2012

 

December 31,
2011

 

September 30,
2012

 

December 31,
2011

 

 

 

(in millions)

 

 

 

 

 

Senior notes due 2015

 

$

754

(1)

$

753

(1)

5.7

%

5.7

%

Senior notes due 2019

 

349

(1)

341

(1)

7.3

 

7.3

 

Senior notes due 2020

 

816

(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

 

2,413

 

2,393

 

 

 

 

 

Short-term borrowings

 

500

 

504

 

0.5

 

0.3

 

Total

 

$

2,913

 

$

2,897

 

 

 

 

 

 

 

(1)       Amounts include adjustments for fair value hedges on the Company’s long-term debt and any unamortized discounts. See Note 11 for information on the Company’s fair value hedges.