FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Debt Disclosure [Abstract]

Schedule of long-term debt

Principal amounts of debt obligations and principal amounts of debt obligations net of discounts and issuance costs consists of the following:

		June 30, 2017				December 31, 2016
(in millions)	Maturity	Principal Amount		Net of Discounts and Issuance Costs		Principal Amount		Net of Discounts and Issuance Costs
Senior Secured Credit Facilities:
Revolving Credit Facility	April 2018	$	—	$	—	$	875	$	875
Revolving Credit Facility	April 2020	525		525		—		—
Series A-3 Tranche A Term Loan Facility	October 2018	—		—		1,032		1,016
Series A-4 Tranche A Term Loan Facility	April 2020	—		—		668		658
Series D-2 Tranche B Term Loan Facility	February 2019	—		—		1,068		1,048
Series C-2 Tranche B Term Loan Facility	December 2019	—		—		823		805
Series E-1 Tranche B Term Loan Facility	August 2020	—		—		2,456		2,429
Series F Tranche B Term Loan Facility	April 2022	6,610		6,472		3,892		3,815
Senior Secured Notes:
6.50% Secured Notes	March 2022	1,250		1,234		—		—
7.00% Secured Notes	March 2024	2,000		1,974		—		—
Senior Unsecured Notes:
6.75%	August 2018	500		498		1,600		1,593
5.375%	March 2020	2,000		1,987		2,000		1,985
7.00%	October 2020	690		689		690		689
6.375%	October 2020	2,250		2,234		2,250		2,231
7.50%	July 2021	1,625		1,614		1,625		1,613
6.75%	August 2021	650		647		650		647
5.625%	December 2021	900		895		900		894
7.25%	July 2022	550		544		550		543
5.50%	March 2023	1,000		993		1,000		992
5.875%	May 2023	3,250		3,222		3,250		3,220
4.50% euro-denominated debt	May 2023	1,714		1,699		1,578		1,563
6.125%	April 2025	3,250		3,220		3,250		3,218
Other	Various	14		14		12		12
Total long-term debt		$	28,778	28,461		$	30,169	29,846
Less: Current portion of long-term debt and other				813				1
Non-current portion of long-term debt				$	27,648			$	29,845

Schedule of effective interest rates for long-term debt

Maturities and mandatory amortization payments of long-term debt for the period July through December 2017, the five succeeding years ending December 31 and thereafter are as follows:

(in millions)
July through December 2017	$	811
2018	502
2019	—
2020	5,732
2021	3,521
2022	6,987
Thereafter	11,225
Total gross maturities	28,778
Unamortized discounts	(317		)
Total long-term debt	$	28,461