Debt Level 3 (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

	As of December 31,
	2014		2013
Revolving Credit Facilities	$	—	$	238
Senior Notes and Debentures
4.75% Notes, due 2014	—		200
4.0% Notes, due 2015	289		289
7.3% Notes, due 2015	167		167
5.5% Notes, due 2016	275		275
5.375% Notes, due 2017	415		415
4.0% Notes, due 2017	295		295
6.3% Notes, due 2018	320		320
6.0% Notes, due 2019	413		413
5.5% Notes, due 2020	499		499
5.125% Notes, due 2022	797		796
7.65% Notes, due 2027	80		79
7.375% Notes, due 2031	63		63
5.95% Notes, due 2036	299		298
6.625% Notes, due 2040	295		295
6.1% Notes, due 2041	326		326
6.625% Notes, due 2042	178		178
4.3% Notes, due 2043	298		298
Junior Subordinated Debentures
7.875% Notes, due 2042	600		600
8.125% Notes, due 2068	500		500
Total Notes and Debentures	6,109		6,306
Less: Current maturities	456		200
Long-Term Debt	5,653		6,106
Total Debt	$	6,109	$	6,544

Long-Term Debt Maturities

2015	$	456
2016	275
2017	712
2018	320
2019	413
Thereafter	4,025

Commercial Paper and Revolving Credit Facility

Revolving Credit Facilities

On October 31, 2014, the Company entered into a senior unsecured five-year revolving credit facility (the "Credit Facility”) that provides for up to $1.0 billion of unsecured credit through October 31, 2019, available in U.S. dollars, Euro, Sterling, Canadian dollars, and Japanese Yen, and terminated its $1.75 billion credit facility expiring January 6, 2016. As of December 31, 2014, there were no borrowings outstanding under the Credit Facility. The Credit Facility is available for general corporate purposes. Of the total availability under the Credit Facility, up to $250 is available to support letters of credit issued on behalf of the Company or subsidiaries of the Company. Under the Credit Facility, the Company must maintain a minimum level of consolidated net worth of $13.5 billion. The definition of consolidated net worth under the terms of the Credit Facility excludes AOCI and includes the Company’s outstanding junior subordinated debentures and perpetual preferred securities, net of discount. In addition, the Company’s maximum ratio of consolidated total debt to consolidated total capitalization permitted under the Credit Facility is 35%, and the maximum ratio of subsidiary debt to consolidated total capitalization is 10%. As of December 31, 2014, the Company was in compliance with all financial covenants under the Credit Facility.

HLIKK previously had four revolving credit facilities in support of operations. These credit facilities were transfered with the sale of HLIKK on June 30, 2014.