Annual report pursuant to Section 13 and 15(d)

Assets and Liabilities Measured at Fair Value (Tables)

v2.4.0.8
Assets and Liabilities Measured at Fair Value (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of fair value, assets and liabilities measured on recurring basis
The Company's assets and liabilities measured or disclosed at fair value were as follows:

Fair value measurements
at December 31, 2013 using
 
(in millions)
Total

Quoted prices
in active
markets for
identical
assets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Current assets:




Cash equivalents
$
342

342

—

—

Long-term liabilities:




Debt (note 8)
3,783

—

3,783

—



Fair value measurements
at December 31, 2012 using
 
(in millions)
Total

Quoted prices
in active
markets for
identical
assets
(Level 1)

Significant
other
observable
inputs
(Level 2)

Significant
unobservable
inputs
(Level 3)

Current assets:




Cash equivalents
$
424

424

—

—

Interest rate swap arrangements (note 8)
1

—

1

—

Current liabilities:




Interest rate swap arrangements (note 8)
13

—

13

—

Long-term liabilities:








Debt (note 8)
3,626

—

3,626

—