Debt Level 3 (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Subordinated Borrowing [Table Text Block]



Issue	Face Value		Interest Rate [1]			Call Date	Interest Rate Subsequent to Call Date [2]	Final Maturity
7.875% Debentures	$	600	7.875	%	[2]	April 15, 2022	3 Month LIBOR + 5.596%	April 15, 2042
8.125% Debentures [3]	$	500	8.125	%	[4]	June 15, 2018	3 Month LIBOR + 4.6025%	June 15, 2068


[1]	Interest rate in effect until call date.


[2]	Payable quarterly in arrears.


[3]	The 8.125% debentures have a scheduled maturity date of June 15, 2038. The Company is required to use reasonable efforts to sell certain qualifying replacement securities in order to repay the debentures at the scheduled maturity date.


[4]	Payable semi-annually in arrears.

Schedule of Debt [Table Text Block]



	As of December 31,
	2015		2014
Revolving Credit Facilities	$	—	$	—
Senior Notes and Debentures
4.0% Notes, due 2015	—		289
7.3% Notes, due 2015	—		167
5.5% Notes, due 2016	275		275
5.375% Notes, due 2017	416		415
4.0% Notes, due 2017	—		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		797
7.65% Notes, due 2027	80		80
7.375% Notes, due 2031	63		63
5.95% Notes, due 2036	299		299
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	5,359		6,109
Less: Current maturities	275		456
Long-Term Debt	5,084		5,653
Total Debt	$	5,359	$	6,109

Long-Term Debt Maturities



2016	$	275
2017	416
2018	320
2019	413
2020	500
Thereafter	3,525

Commercial Paper and Revolving Credit Facility

Revolving Credit Facilities

The Company has a senior unsecured five-year revolving credit facility (the “Credit Facility”) that provides for borrowing capacity up to$1.0 billion of unsecured credit through October 31, 2019 available in U.S. dollars, Euro, Sterling, Canadian dollars and Japanese Yen. As of December 31, 2015, no borrowings were outstanding under the Credit Facility. As of December 31, 2015, the Company was in compliance with all financial covenants within the Credit Facility.