Assets and Liabilities Measured at Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables summarize our assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall (dollars in millions):


	September 30, 2015
	Fair Value			Fair Value Measurements Using
	Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Investments of insurance subsidiaries:
Debt securities:
States and municipalities	$	444		$	—		$	438		$	6
Money market funds		13			13			—			—

		457			13			438			6
Equity securities		3			3			—			—

Investments of insurance subsidiaries		460			16			438			6
Less amounts classified as current assets		(51	)		(13	)		(38	)		—

	$	409		$	3		$	400		$	6

Liabilities:
Interest rate swaps (Income taxes and other liabilities)	$	153		$	—		$	153		$	—

	December 31, 2014
				Fair Value Measurements Using
	Fair Value			Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
Investments of insurance subsidiaries:
Debt securities:
States and municipalities	$	494		$	—		$	488		$	6
Money market funds		61			61			—			—

		555			61			488			6
Equity securities		3			3			—			—

Investments of insurance subsidiaries		558			64			488			6
Less amounts classified as current assets		(64	)		(61	)		(3	)		—

	$	494		$	3		$	485		$	6

Liabilities:
Interest rate swaps (Income taxes and other liabilities)	$	199		$	—		$	199		$	—