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Capital Structure (Tables)
 12 Months Ended
Dec. 31, 2014
Capital Structure  
Total debt outstanding

 

 

($ in millions)
   2014   2013  

5.00% Senior Notes, due 2014 (1)

   $ —   $ 650  

6.20% Senior Notes, due 2014 (1)

     —     300  

6.75% Senior Debentures, due 2018

     176     177  

7.45% Senior Notes, due 2019 (1)

     317     317  

3.15% Senior Notes, due 2023 (1)

     500     500  

6.125% Senior Notes, due 2032 (1)

     159     159  

5.35% Senior Notes due 2033 (1)

     323     323  

5.55% Senior Notes due 2035 (1)

     546     546  

5.95% Senior Notes, due 2036 (1)

     386     386  

6.90% Senior Debentures, due 2038

     165     165  

5.20% Senior Notes, due 2042 (1)

     62     72  

4.50% Senior Notes, due 2043 (1)

     500     500  

5.10% Subordinated Debentures, due 2053

     500     500  

5.75% Subordinated Debentures, due 2053

     800     800  

6.125% Junior Subordinated Debentures, due 2067

     252     252  

6.50% Junior Subordinated Debentures, due 2067

     500     500  

Synthetic lease VIE obligations, floating rates, due 2014

     —     44  

Federal Home Loan Bank ("FHLB") advances, due 2018

     8     10  
​ ​ ​ ​ ​ ​ ​ ​

Total long-term debt

     5,194     6,201  

Short-term debt (2)

     —     —  
​ ​ ​ ​ ​ ​ ​ ​

Total debt

   $ 5,194   $ 6,201  
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
(1)
Senior Notes are subject to redemption at the Company's option in whole or in part at any time at the greater of either 100% of the principal amount plus accrued and unpaid interest to the redemption date or the discounted sum of the present values of the remaining scheduled payments of principal and interest and accrued and unpaid interest to the redemption date.
(2)
The Company classifies any borrowings which have a maturity of twelve months or less at inception as short-term debt.
Schedule of debt maturities for each of the next five years and thereafter

Debt maturities for each of the next five years and thereafter as of December 31, 2014 are as follows:

($ in millions)
    
  

2015

   $ —  

2016

     —  

2017

     —  

2018

     184  

2019

     317  

Thereafter

     4,693  
​ ​ ​ ​ ​

Total debt

   $ 5,194  
​ ​ ​ ​ ​
​ ​ ​ ​ ​
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Schedule of noncumulative outstanding preferred stock

       The following table summarizes the Company's outstanding preferred stock as of December 31, 2014. All represent noncumulative perpetual preferred stock with a $1.00 par value per share and a liquidation preference of $25,000 per share.

($ in millions, except per share data)
   Dividend rate   Shares   Aggregate liquidation
preference		  

Series A

     5.625 % 11,500   $ 287.5  

Series C

     6.750 % 15,400     385.0  

Series D

     6.625 % 5,400     135.0  

Series E

     6.625 % 29,900     747.5  

Series F

     6.250 % 10,000     250.0  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

         72,200   $ 1,805  
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