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Basis Of Presentation (Tables)
9 Months Ended
Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Fair Value Hierarchy
The following table summarizes fair value measurements by level at September 30, 2015 for assets and liabilities measured at fair value on a recurring basis:
 
Level I
 
Level II
 
Level III
 
Total
Interest rate swaps (included in other non-current liabilities)
$

 
$
59

 
$

 
$
59

Deferred compensation plan assets
(included in other non-current assets)
2

 

 

 
2

The following table summarizes fair value measurements by level at December 31, 2014 for assets and liabilities measured at fair value on a recurring basis:
 
Level I
 
Level II
 
Level III
 
Total
Interest rate swaps (included in other non-current liabilities)
$

 
$
40

 
$

 
$
40

Deferred compensation plan assets
(included in other non-current assets)
2

 

 

 
2

Fair Value, by Balance Sheet Grouping
The following table summarizes the carrying amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at:
 
September 30, 2015
 
December 31, 2014
Debt
Carrying
Amount
 
Estimated
Fair Value (a)
 
Carrying
Amount
 
Estimated
Fair Value (a)
Senior Secured Credit Facility:
 
 
 
 
 
 
 
Revolving Credit Facility
$

 
$

 
$

 
$

Term Loan B Facility
1,858

 
1,854

 
1,871

 
1,834

7.625% First Lien Notes
593

 
622

 
593

 
633

9.00% First and a Half Lien Notes
196

 
207

 
196

 
215

3.375% Senior Notes
500

 
498

 
500

 
500

4.50% Senior Notes
450

 
447

 
450

 
449

5.25% Senior Notes
300

 
305

 
300

 
291

Securitization obligations
335

 
335

 
269

 
269

_______________
(a)
The fair value of the Company's indebtedness is categorized as Level I.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments was as follows:
Liability Derivatives
 
Fair Value
Not Designated as Hedging Instruments
 
Balance Sheet Location
 
September 30, 2015
 
December 31, 2014
Interest rate swap contracts
 
Other non-current liabilities
 
$
59

 
$
40

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The effect of derivative instruments on earnings was as follows:
Derivative Instruments Not Designated as Hedging Instruments
 
Location of (Gain) or Loss Recognized for Derivative Instruments
 
(Gain) or Loss Recognized on Derivatives
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Interest rate swap contracts
 
Interest expense
 
$
16

 
$
(3
)
 
$
27

 
$
19

Foreign exchange contracts
 
Operating expense
 

 
(2
)
 
(1
)
 
(2
)