v3.3.1.900
Debt (Tables)
 12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following is a summary of debt outstanding, net of unamortized issuance costs and discounts, as of December 31, 2015 and December 31, 2014, respectively:
 
December 31,
 
2015
 
2014
 
(in millions)
3.15%, senior notes, due 2020 (net of $4 and $0 unamortized issuance costs and $1 and $0 discount, respectively)
$
645

 
$
—

6.125%, senior notes, due 2021 (net of $0 and $7 unamortized issuance costs, respectively)
—

 
493

5.00%, senior notes, due 2023 (net of $9 and $10 unamortized issuance costs, respectively)
791

 
790

4.15%, senior notes, due 2024 (net of $5 and $6 unamortized issuance costs and $2 and $2 discount, respectively)
693

 
692

1.50%, Euro-denominated senior notes, due 2025 (net of $5 and $0 unamortized issuance costs and $3 and $0 discount, respectively)
757

 
—

4.25%, senior notes, due 2026 (net of $4 and $0 unamortized issuance costs, respectively)
646

 
—

Tranche A Term Loan, due 2018 (net of $1 and $2 unamortized issuance costs, respectively)
399

 
398

Capital leases and other
77

 
53

Total debt
4,008

 
2,426

Less: current portion
(52
)
 
(34
)
Long-term debt
$
3,956

 
$
2,392
Schedule of Maturities of Long-term Debt
The principal maturities of debt, at nominal value follows:
 
Debt and
Capital Lease
Obligations
 
(in millions)
2016
$
52

2017
11

2018
403

2019
2

2020
651

Thereafter
2,923

Total
$
4,042
Schedule of Interest Rates
The Applicable Rates under the Credit Agreement on the specified dates are set forth below:
 
December 31, 2015
 
December 31, 2014
 
LIBOR plus
 
ABR plus
 
LIBOR plus
 
ABR plus
Revolving Credit Facility
1.00
%
 
0.00
%
 
1.00
%
 
0.00
%
Tranche A Term Loan
1.00
%
 
0.00
%
 
1.00
%
 
0.00
%
Schedule of Line of Credit Facilities
As of December 31, 2015, the Issuer selected the one-month LIBOR interest rate option on the Tranche A Term Loan and the ABR interest rate option on the Revolving Credit Facility, as detailed in the table below, and the amounts outstanding, and rates effective as of December 31, 2015 were based on Delphi’s current credit rating and the Applicable Rate for the Credit Agreement:
 
 
 
Borrowings as of
 

 
 
 
December 31, 2015
 
Rates effective as of
 
Applicable Rate
 
(in millions)
 
December 31, 2015
Revolving Credit Facility
ABR plus 0.00%
 
$
—

 
—
%
Tranche A Term Loan
LIBOR plus 1.00%
 
400

 
1.3125
%