v3.3.1.900
Borrowings (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Carrying Value and Fair Value of Long-Term Borrowings

The carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at December 31, 2015 included the following:

 

(in millions)

 

Maturity Amount

 

 

Unamortized

Discount and Debt Issuance Costs

 

 

Carrying Value

 

 

Fair Value

 

6.25% Notes due 2017

 

$

700

 

 

$

(1

)

 

$

699

 

 

$

757

 

5.00% Notes due 2019

 

 

1,000

 

 

 

(3

)

 

 

997

 

 

 

1,106

 

4.25% Notes due 2021

 

 

750

 

 

 

(5

)

 

 

745

 

 

 

828

 

3.375% Notes due 2022

 

 

750

 

 

 

(6

)

 

 

744

 

 

 

773

 

3.50% Notes due 2024

 

 

1,000

 

 

 

(8

)

 

 

992

 

 

 

1,030

 

1.25% Notes due 2025

 

 

760

 

 

 

(7

)

 

 

753

 

 

 

729

 

Total Long-term Borrowings

 

$

4,960

 

 

$

(30

)

 

$

4,930

 

 

$

5,223