Debt (Tables)
 3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following is a summary of debt outstanding, net of discounts of approximately $6 million and $2 million related to the 2014 Senior Notes and 2015 Senior Notes, defined below, as of March 31, 2015 and December 31, 2014, respectively:
 
March 31,
2015
 
December 31,
2014
 
 
 
 
 
(in millions)
Accounts receivable factoring
$
—

 
$
—

6.125%, senior notes, due 2021
—

 
500

5.00%, senior notes, due 2023
800

 
800

4.15%, senior notes, due 2024
698

 
698

1.50%, Euro-denominated senior notes, due 2025
759

 
—

Tranche A Term Loan, due 2018
400

 
400

Capital leases and other
60

 
53

Total debt
2,717

 
2,451

Less: current portion
(44
)
 
(34
)
Long-term debt
$
2,673

 
$
2,417
Schedule of Interest Rates
Applicable Rates under the Credit Agreement on the specified dates are set forth below:
 
March 31, 2015
 
December 31, 2014
 
LIBOR plus
 
ABR plus
 
LIBOR plus
 
ABR plus
Revolving Credit Facility
1.00
%
 
0.25
%
 
1.00
%
 
0.25
%
Tranche A Term Loan
1.00
%
 
0.25
%
 
1.00
%
 
0.25
%
Schedule of Line of Credit Facilities
As of March 31, 2015, the Issuer selected the one-month LIBOR interest rate option, as detailed in the table below, and the amounts outstanding, and rates effective as of March 31, 2015 were based on Delphi’s current credit rating and the Applicable Rate for the Credit Agreement:
 
 
 
Borrowings as of
 
 
 
 
 
March 31, 2015
 
Rates effective as of
 
LIBOR plus
 
(in millions)
 
March 31, 2015
Revolving Credit Facility
1.00
%
 
$
—

 
—
%
Tranche A Term Loan
1.00
%
 
400

 
1.1875
%