XML 36 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

A summary of long-term debt at September 30, 2016 and December 31, 2015, including related interest rates at September 30, 2016, follows (dollars in millions):

 

    September 30,
2016		     December 31,
2015		  

Senior secured asset-based revolving credit facility (effective interest rate
of 3.0%)

   $ 2,960      $ 3,030   

Senior secured revolving credit facility

     —        —   

Senior secured term loan facilities (effective interest rate of 5.1%)

     4,005        5,639   

Senior secured first lien notes (effective interest rate of 5.4%)

     13,800        11,100   

Other senior secured debt (effective interest rate of 5.7%)

     602        634   
 

 

 

    

 

 

  

First lien debt

     21,367        20,403   

Senior unsecured notes (effective interest rate of 6.5%)

     10,252        10,252   

Net debt issuance costs

     (178 )      (167 ) 
 

 

 

    

 

 

  

Total debt (average life of 6.6 years, rates averaging 5.5%)

     31,441        30,488   

Less amounts due within one year

     216        233   
 

 

 

    

 

 

  
  $ 31,225      $ 30,255