Debt

Debt as of December 26, 2014 and September 26, 2014 is as follows ($ in millions):



	As of
	December 26, 2014		September 26, 2014
3.375% public notes due 2015⁽¹⁾	$	258	$	258
3.75% public notes due 2018	67		67
8.5% public notes due 2019	364		364
7.0% public notes due 2019	245		245
6.875% public notes due 2021	465		465
4.625% public notes due 2023	42		42
Other ⁽²⁾	21		22
Total debt	1,462		1,463
Less current portion	278		20
Long-term debt	$	1,184	$	1,443

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⁽¹⁾$258 million of 3.375% public notes due October 2015 is included in the current portion of debt as of December 26, 2014.

⁽²⁾$20 million of the amount shown as other is included in the current portion of the Company's total debt as of both December 26, 2014 and September 26, 2014.

Fair Value

The carrying amount of Tyco's debt subject to the fair value disclosure requirements as of both December 26, 2014 and September 26, 2014 was $1,441 million. The Company has determined the fair value of such debt to be $1,659 million and $1,670 million as of December 26, 2014 and September 26, 2014, respectively. The Company utilizes various valuation methodologies to determine the fair value of its debt, which is primarily dependent on the type of market in which the Company's debt is traded. When available, the Company uses quoted market prices to determine the fair value of its debt that is traded in active markets. As of December 26, 2014 and September 26, 2014, $1,441 million of the Company's debt, which is actively traded and subject to the fair value disclosure requirements, is classified as Level 1 in the fair value hierarchy.

Commercial Paper

From time to time Tyco International Finance S.A. ("TIFSA") may issue commercial paper for general corporate purposes. The maximum aggregate amount of unsecured commercial paper notes available to be issued on a private placement basis under the commercial paper program is $1 billion as of December 26, 2014. As of December 26, 2014 and September 26, 2014, TIFSA had no commercial paper outstanding.

Credit Facilities

The Company's committed revolving credit facility totaled $1 billion as of December 26, 2014. This revolving credit facility may be used for working capital, capital expenditures and general corporate purposes. As of December 26, 2014 and September 26, 2014, there were no amounts drawn under the Company's revolving credit facility. Interest under the revolving credit facility is variable and is calculated by reference to LIBOR or an alternate base rate.