v2.4.0.8
Debt (Tables)
 6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following is a summary of debt outstanding, net of discounts of approximately $2 million and $0 million related to the 2014 Senior Notes, defined below, as of June 30, 2014 and December 31, 2013:
 
June 30,
2014
 
December 31,
2013
 
 
 
 
 
(in millions)
Accounts receivable factoring
$
1

 
$
1

5.875%, senior notes, due 2019
—

 
500

6.125%, senior notes, due 2021
500

 
500

5.00%, senior notes, due 2023
800

 
800

4.15%, senior notes, due 2024
698

 
—

Tranche A Term Loan, due 2018
400

 
564

Capital leases and other
53

 
47

Total debt
2,452

 
2,412

Less: current portion
(32
)
 
(61
)
Long-term debt
$
2,420

 
$
2,351
Schedule of Interest Rates
Applicable Rates under the Credit Agreement on the specified dates are set forth below:
 
June 30, 2014
 
December 31, 2013
 
LIBOR plus
 
ABR plus
 
LIBOR plus
 
ABR plus
Revolving Credit Facility
1.25
%
 
0.25
%
 
1.25
%
 
0.25
%
Tranche A Term Loan
1.25
%
 
0.25
%
 
1.25
%
 
0.25
%
Schedule of Line of Credit Facilities
As of June 30, 2014, 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 June 30, 2014 were based on Delphi’s current credit rating and the Applicable Rate for the Credit Agreement:
 
 
 
Borrowings as of
 
 
 
 
 
June 30, 2014
 
Rates effective as of
 
LIBOR plus
 
(in millions)
 
June 30, 2014
Revolving Credit Facility
1.25
%
 
$
—

 
—
%
Tranche A Term Loan
1.25
%
 
400

 
1.4375
%