Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

A summary of long-term debt at September 30, 2014 and December 31, 2013, including related interest rates at September 30, 2014, follows (dollars in millions):

	September 30, 2014		December 31, 2013
Senior secured asset-based revolving credit facility (effective interest rate of 1.7%)	$	2,280	$	2,440
Senior secured revolving credit facility		—		—
Senior secured term loan facilities (effective interest rate of 5.3%)		5,538		5,598
Senior secured first lien notes (effective interest rate of 5.8%)		10,492		9,695
Other senior secured debt (effective interest rate of 6.6%)		464		448
First lien debt		18,774		18,181
Senior unsecured notes (effective interest rate of 7.2%)		9,696		10,195
Total debt (average life of 6.2 years, rates averaging 5.9%)		28,470		28,376
Less amounts due within one year		1,044		786
	$	27,426	$	27,590