Note 8: Debt

The Company’s debt obligations were as follows (in millions):

(dollars in millions)	June 30, 2015			December 31, 2014

Commercial paper (0.49% weighted average rate at December 31, 2014)	$	–		$	201
Senior notes:
1.15% notes due December 15, 2016		250			250
1.40% notes due June 15, 2017		250			250
6.375% notes due July 15, 2018		450			450
4.5% notes due June 1, 2021		250			250
3.6% notes due April 30, 2022		250			250
4.0% notes due December 15, 2023		250			250
3.7% notes due June 15, 2024		250			250
7.0% notes due July 15, 2038		300			300
5.95% notes due June 1, 2041		250			250
5.125% notes due December 15, 2043		250			250
Unamortized original issue discount		(7	)		(7	)
Other debt		35			67
Obligations under capital leases		66			71
		2,844			3,082
Current maturities		(31	)		(263	)
Long-term maturities	$	2,813		$	2,819

Commercial paper program

The Company has in place a commercial paper program for general corporate purposes which allows for issuances of up to $500 million of commercial paper with maturities of no more than 364 days. This program is used for general corporate purposes.

Credit agreements and revolving credit facilities

In order to extend the length of its currently available credit facilities, the Company, including certain of its subsidiaries, entered into an amended and restated multi-currency credit agreement (the “Credit Agreement”) with various banks and other financial institutions on May 14, 2015. The Credit Agreement is for $750 million, has a term of five years, expiring on May 14, 2020, and replaces a previously existing $835 million multi-currency credit agreement due to expire in June 2016. The Credit Agreement will be used to finance working capital needs and for other general corporate purposes, including acquisitions, capital expenditures, repurchases of common stock, repayment of debt and issuances of letters of credit. At June 30, 2015, no letters of credit had been issued under the Credit Agreement, leaving $750 million available for future use.

The Company also has a $750 million multi-currency syndicated Revolving Credit Facility expiring April 11, 2017. Up to $200 million of this facility may be used for letters of credit. The Company has issued letters of credit totaling $44 million under the Revolving Credit Facility, leaving $706 million available for future use at June 30, 2015.