XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Debt Disclosure [Abstract] |
Summary of credit facilities | We had outstanding borrowings, letters of credit issued, and availability under our revolving credit facilities as follows (in millions):
|  |  |  |  |  | June 30, 2016
|  | Facility Amount |  | Maturity Date |  | Outstanding Borrowings |  | Letters of Credit |  | Availability
Committed facilities: |  |  |  |  |  |  |  |  |  |
Revolver |  | $ | 3,000 |  |  | November 2020 |  | $ | — |  |  | $ | 53 |  |  | $ | 2,947 |
VLP Revolver |  | $ | 750 |  |  | November 2020 |  | $ | 314 |  |  | $ | — |  |  | $ | 436 |
Canadian Revolver |  | C$ | 50 |  |  | November 2016 |  | C$ | — |  |  | C$ | 10 |  |  | C$ | 40 |
Accounts receivable sales facility (a) |  | $ | 1,400 |  |  | July 2016 |  | $ | 100 |  |  | $ | — |  |  | $ | 1,110 |
Letter of credit facilities (b) |  | $ | 275 |  |  | June 2016 and November 2016 |  | $ | — |  |  | $ | 16 |  |  | $ | 259 |
Uncommitted facilities: |  |  |  |  |  |  |  |  |  |
Letter of credit facilities |  | $ | 700 |  |  | N/A |  | $ | — |  |  | $ | 189 |  |  | $ | 511 |
___________________
(a) | As of June 30, 2016, the actual availability under the accounts receivable sales facility fell below the facility borrowing capacity to $1.2 billion primarily due to a decrease in eligible trade receivables as a result of the current market price environment for the finished products that we produce.
(b) | In July 2016, we amended one of our committed letter of credit facilities to extend the maturity date from June 2016 to June 2017.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration