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Debt and Capital Lease Obligations (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt and Capital Lease Obligations [Abstract] |
Debt and capital lease obligations | Debt, at stated values, and capital lease obligations consisted of the following (in millions):
| Final Maturity |  | December 31,
|  | 2015 |  | 2014
Bank credit facilities | Various |  | $ | 175 |  |  | $ | — |
Senior Notes: |  |  |  |  |
3.65% | 2025 |  | 600 |  |  | — |
4.5% | 2015 |  | — |  |  | 400 |
4.9% | 2045 |  | 650 |  |  | — |
6.125% | 2017 |  | 750 |  |  | 750 |
6.125% | 2020 |  | 850 |  |  | 850 |
6.625% | 2037 |  | 1,500 |  |  | 1,500 |
6.75% | 2037 |  | 24 |  |  | 24 |
7.2% | 2017 |  | 200 |  |  | 200 |
7.45% | 2097 |  | 100 |  |  | 100 |
7.5% | 2032 |  | 750 |  |  | 750 |
8.75% | 2030 |  | 200 |  |  | 200 |
9.375% | 2019 |  | 750 |  |  | 750 |
10.5% | 2039 |  | 250 |  |  | 250 |
Debentures: |  |  |  |  |
7.65% | 2026 |  | 100 |  |  | 100 |
8.75% | 2015 |  | — |  |  | 75 |
Gulf Opportunity Zone Revenue Bonds, Series 2010, 4.0% | 2040 |  | 300 |  |  | 300 |
Accounts receivable sales facility | 2016 |  | 100 |  |  | 100 |
Other debt | 2016 |  | 17 |  |  | 26 |
Net unamortized discount, including fair value adjustments |  |  | (24 | ) |  | (21 | )
Total debt |  |  | 7,292 |  |  | 6,354 |
Capital lease obligations, including unamortized fair value adjustments |  | 85 |  |  | 32 |
Total debt and capital lease obligations |  |  | 7,377 |  |  | 6,386 |
Less current portion |  |  | (127 | ) |  | (606 | )
Debt and capital lease obligations, less current portion |  |  | $ | 7,250 |  |  | $ | 5,780 |
Summary of credit facilities | Summary of Credit Facilities We had outstanding borrowings and letters of credit issued under our credit facilities as follows (in millions):
|  |  |  |  |  | December 31, 2015
|  | Facility Amount |  | Maturity Date |  | Borrowings |  | Letters of Credit |  | Available
Committed facilities: |  |  |  |  |  |  |  |  |  |
Revolver |  | $ | 3,000 |  |  | November 2020 |  | $ | — |  |  | $ | 57 |  |  | $ | 2,943 |
VLP Revolver |  | $ | 750 |  |  | November 2020 |  | $ | 175 |  |  | $ | — |  |  | $ | 575 |
Canadian Revolver |  | C$ | 50 |  |  | November 2016 |  | C$ | — |  |  | C$ | 10 |  |  | C$ | 40 |
Accounts receivable sales facility |  | $ | 1,400 |  |  | July 2016 |  | $ | 100 |  |  | $ | — |  |  | $ | 992 |
Letter of credit facilities |  | $ | 275 |  |  | June 2016 and November 2016 |  | $ | — |  |  | $ | 9 |  |  | $ | 266 |
Uncommitted facilities: |  |  |  |  |  |  |  |  |  |
Letter of credit facilities |  | $ | 775 |  |  | N/A |  | $ | — |  |  | $ | 87 |  |  | $ | 688 |
Principal payments on debt and future minimum rentals on capital lease obligations | Principal payments on our debt obligations and future minimum rentals on capital lease obligations as of December 31, 2015 were as follows (in millions):
| Debt |  | Capital Lease Obligations
2016 | $ | 117 |  |  | $ | 17 |
2017 | 950 |  |  | 16 |
2018 | — |  |  | 16 |
2019 | 750 |  |  | 16 |
2020 | 1,025 |  |  | 14 |
Thereafter | 4,474 |  |  | 43 |
Net unamortized discount and fair value adjustments | (24 | ) |  | — |
Less interest expense | — |  |  | (37 | )
Total | $ | 7,292 |  |  | $ | 85 |

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