Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Long-Term Debt
We provide detail on our long-term debt balances in the following table as of the end of the 2015 first quarter and year-end 2014:
 
At Period End
($ in millions)
March 31,
2015
 
December 31,
2014
Senior Notes:
 
 
 
Series G, interest rate of 5.8%, face amount of $316, maturing November 10, 2015
(effective interest rate of 6.8%)
$
315

 
$
314

Series H, interest rate of 6.2%, face amount of $289, maturing June 15, 2016
(effective interest rate of 6.3%)
289

 
289

Series I, interest rate of 6.4%, face amount of $293, maturing June 15, 2017
(effective interest rate of 6.5%)
293

 
293

Series K, interest rate of 3.0%, face amount of $600, maturing March 1, 2019
(effective interest rate of 4.4%)
597

 
596

Series L, interest rate of 3.3%, face amount of $350, maturing September 15, 2022
(effective interest rate of 3.4%)
349

 
349

Series M, interest rate of 3.4%, face amount of $350, maturing October 15, 2020
(effective interest rate of 3.6%)
348

 
348

Series N Notes, interest rate of 3.1%, face amount of $400, maturing October 15, 2021
(effective interest rate of 3.4%)
397

 
397

Commercial paper, average interest rate of 0.5% at March 31, 2015
1,320

 
1,072

$2,000 Credit Facility

 

Other
120

 
123

 
4,028

 
3,781

Less current portion classified in:
 
 
 
Current portion of long-term debt
(325
)
 
(324
)
 
$
3,703

 
$
3,457

Debt Principal Payments (Net of Unamortized Discounts)
We show future principal payments for our debt as of the end of the 2015 first quarter in the following table:
Debt Principal Payments ($ in millions)
 
Amount
2015
 
$
323

2016
 
297

2017
 
302

2018
 
1,329

2019
 
607

Thereafter
 
1,170

Balance at March 31, 2015
 
$
4,028