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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

A summary of long-term debt at June 30, 2015 and December 31, 2014, including related interest rates at June 30, 2015, follows (dollars in millions):

 

     June 30,
2015		      December 31,
2014		  

Senior secured asset-based revolving credit facility (effective interest rate of 1.4%)

    $ 2,580       $ 2,880   

Senior secured revolving credit facility

      —         —   

Senior secured term loan facilities (effective interest rate of 4.9%)

      5,696         5,517   

Senior secured first lien notes (effective interest rate of 5.5%)

      11,100         11,100   

Other senior secured debt (effective interest rate of 6.0%)

      626         573   
  

 

 

     

 

 

  

First lien debt

      20,002         20,070   

Senior unsecured notes (effective interest rate of 6.6%)

      9,902         9,575   

Less net debt issuance costs

      167         219   
  

 

 

     

 

 

  

Total debt (average life of 6.3 years, rates averaging 5.4%)

      29,737         29,426   

Less amounts due within one year

      1,374         338   
  

 

 

     

 

 

  
   $ 28,363       $ 29,088