Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

A summary of long-term debt at March 31, 2016 and December 31, 2015, including related interest rates at March 31, 2016, follows (dollars in millions):

	March 31, 2016			December 31, 2015
Senior secured asset-based revolving credit facility (effective interest rate of 1.8%)	$	2,100		$	3,030
Senior secured revolving credit facility		—			—
Senior secured term loan facilities (effective interest rate of 5.3%)		5,161			5,639
Senior secured first lien notes (effective interest rate of 5.5%)		12,600			11,100
Other senior secured debt (effective interest rate of 5.7%)		620			634
First lien debt		20,481			20,403
Senior unsecured notes (effective interest rate of 6.5%)		10,252			10,252
Net debt issuance costs		(179	)		(167	)
Total debt (average life of 6.6 years, rates averaging 5.5%)		30,554			30,488
Less amounts due within one year		226			233
	$	30,328		$	30,255