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Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

A summary of long-term debt at June 30, 2018 and December 31, 2017, including related interest rates at June 30, 2018, follows (dollars in millions):

 

     June 30,
2018		     December 31,
2017		  

Senior secured asset-based revolving credit facility (effective interest rate of 3.6%)

    $ 3,750     $ 3,680  

Senior secured revolving credit facility (effective interest rate of 3.6%)

      140       —  

Senior secured term loan facilities (effective interest rate of 3.5%)

      3,849       3,891  

Senior secured notes (effective interest rate of 5.4%)

      15,300       15,300  

Other senior secured debt (effective interest rate of 5.8%)

      552       599  
  

 

 

    

 

 

  

Senior secured debt

      23,591       23,470  

Senior unsecured notes (effective interest rate of 6.4%)

      9,752       9,752  

Net debt issuance costs

      (151 )      (164 ) 
  

 

 

    

 

 

  

Total debt (average life of 6.4 years, rates averaging 5.3%)

      33,192       33,058  

Less amounts due within one year

      1,692       200  
  

 

 

    

 

 

  
   $ 31,500     $ 32,858