v2.4.0.8

The Spin off And Summary Of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

THE SPIN-OFF AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted EPS

		Three months ended September 30,						Nine months ended September 30,
(in millions, except per-share amounts)		2014			2013			2014			2013
Net income		$	188		$	235		$	657		$	657
Number of basic and diluted shares		387			387			387			387
Basic and diluted EPS		$	0.49		$	0.61		$	1.70		$	1.70

Schedule of capitalization

		September 30, 2014
		Historical			Pro Forma Adjusted
		(in millions)
Debt Outstanding
Long-term debt:
Revolving Credit Facility		$	—		$	65
Term Loan Facility		—			1,000
5% notes due 2020		—			1,000
5 1/2% notes due 2021		—			1,750
6% notes due 2024		—			2,250
Total Debt Outstanding		—			6,065
Net Investment / Stockholder’s Equity
Common stock, par value $0.01		—			4
Additional paid-in capital		—			4,887
Net investment		10,891			—
Accumulated other comprehensive income (loss)		(22		)	(22			)
Net Investment / Stockholder’s Equity		10,869			4,869
Total Capitalization		$	10,869		$		10,934

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- Definition

Tabular disclosure of the capitalization of the entity comprised of its long-term debt and equity instruments. The table may be detailed by subsidiary (legal entity) and include information by type of debt or equity detailed by instrument.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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