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Debt Level 3 (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Subordinated Borrowing [Table Text Block]

Junior Subordinated Debentures by Issuance

Issue	7.875% Debentures					8.125% Debentures [3]
Face Value	$	600				$	500
Interest Rate [1]	7.875		%	[2]		8.125		%	[4]
Call Date	April 15, 2022					June 15, 2018
Interest Rate Subsequent to Call Date [2]	3 Month LIBOR + 5.596%					3 Month LIBOR + 4.6025%
Final Maturity	April 15, 2042					June 15, 2068

[1] Interest rate in effect until call date.

[2] Payable quarterly in arrears.

[3] The 8.125% debentures have a scheduled maturity date of June 15, 2038. The Company is required to use reasonable efforts to sell certain qualifying replacement securities in order to repay the debentures at the scheduled maturity date.

[4] Pa

Schedule of Debt [Table Text Block]

	As of December 31,
	2016			2015
Revolving Credit Facilities	$	—		$	—
Senior Notes and Debentures
5.5% Notes, due 2016	—			275
5.375% Notes, due 2017	416			416
6.3% Notes, due 2018	320			320
6.0% Notes, due 2019	413			413
5.5% Notes, due 2020	500			500
5.125% Notes, due 2022	800			800
7.65% Notes, due 2027	80			80
7.375% Notes, due 2031	63			63
5.95% Notes, due 2036	300			300
6.625% Notes, due 2040	295			295
6.1% Notes, due 2041	409			409
6.625% Notes, due 2042	178			178
4.3% Notes, due 2043	300			300
Junior Subordinated Debentures
7.875% Notes, due 2042	600			600
8.125% Notes, due 2068	500			500
Total Notes and Debentures	5,174			5,449
Unamortized discount and debt issuance cost [1]	(122		)	(90		)
Total Debt	5,052			5,359
Less: Current maturities	416			275
Long-Term Debt	$	4,636		$	5,084

[1] The amount primarily consists of $83 and $81 as of December 31, 2016 and 2015, respectively, on the 6.1% Notes, due 2041.

Long-Term Debt Maturities

2017 - Current maturities	$	416
2018	$	320
2019	$	413
2020	$	500
2021	$	—
Thereafter	$	3,525

Commercial Paper and Revolving Credit Facility

Revolving Credit Facilities

The Company has a senior unsecured five-year revolving credit facility (the “Credit Facility”) that provides for borrowing capacity up to $1 billion of unsecured credit through October 31, 2019 available in U.S. dollars, Euro, Sterling, Canadian dollars and Japanese Yen. As of December 31, 2016, no borrowings were outstanding under the Credit Facility. As of December 31, 2016, the Company was in compliance with all financial covenants within the Credit Facility.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
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