Borrowings and Credit Arrangements (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Summary Of Term Loan And Revolving Credit Facility Agreement Compliance With Debt Covenants [Table Text Block]

The 2017 Facility agreement in place requires that we maintain certain financial covenants, as follows:

	Covenant Requirement as of September 30, 2017	Actual as of September 30, 2017
Maximum leverage ratio (1)	3.5 times	2.3 times

(1) Ratio of total debt to consolidated EBITDA, as defined by the credit agreement, for the preceding four consecutive fiscal quarters.

Schedule of debt maturities

The debt maturity schedule for the significant components of our long-term debt obligations is presented below:

in millions, except interest rates	Maturity Date	As of
		September 30, 2017			December 31, 2016
January 2017 5.125% Notes	January 2017	$	—		$	250
October 2018 2.650% Notes	October 2018	600			600
January 2020 6.000% Notes	January 2020	850			850
May 2020 2.850% Notes	May 2020	600			600
May 2022 3.375% Notes	May 2022	500			500
May 2025 3.850% Notes	May 2025	750			750
October 2023 4.125% Notes	October 2023	450			450
November 2035 6.250% Notes	November 2035	350			350
January 2040 7.375% Notes	January 2040	300			300
August 2018 Term Loan	August 2018	—			150
August 2020 Term Loan	2018 - 2020	—			600
Debt Discount	2018 - 2040	(7		)	(8		)
Deferred Financing Costs	2018 - 2040	(20		)	(24		)
Interest Rate Swaps	2020 - 2023	42			51
Capital Lease Obligation	2018 - 2020	1			1
Long-term debt		$	4,416		$	5,420

Note: The table above does not include unamortized amounts related to interest rate contracts designated as cash flow hedges.