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BORROWINGS (Tables)
 9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Long-term Borrowings
 
September 30,
 
December 31,
(Dollars in millions)
2015
 
2014
Borrowings consisted of:
 
 
 
3% notes due 2015
$
250

 
$
250

2.4% notes due 2017
999

 
998

6.30% notes due 2018
167

 
169

5.5% notes due 2019
250

 
250

2.7% notes due 2020
799

 
798

4.5% notes due 2021
250

 
250

3.6% notes due 2022
903

 
903

7 1/4% debentures due 2024
244

 
244

7 5/8% debentures due 2024
54

 
54

3.8% notes due 2025
796

 
796

7.60% debentures due 2027
222

 
222

4.8% notes due 2042
497

 
497

4.65% notes due 2044
877

 
877

Credit facilities and commercial paper borrowings
967

 
1,235

Capital leases
5

 
6

Total borrowings
7,280

 
7,549

Borrowings due within one year
251

 
301

Long-term borrowings
$
7,029

 
$
7,248
Fair Value of Borrowings
evel 2.


 
 
 
Fair Value Measurements at September 30, 2015
(Dollars in millions)
 
Recorded Amount
September 30, 2015
 
Total Fair Value
 
 Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Long-term borrowings
 
$
7,029

 
$
7,146

 
$
6,176

 
$
970

 
$
—

 
 
 
 
 
Fair Value Measurements at December 31, 2014
(Dollars in millions)
 
Recorded Amount
December 31,
2014
 
Total Fair Value
 
 Quoted Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
Long-term borrowings
 
$
7,248

 
$
7,557

 
$
6,366

 
$
1,191

 
$
—