DERIVATIVES (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | 1 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 29, 2014
Commodity contract
|
Jun. 29, 2014
Interest rate contracts
Interest expense
|
Jun. 30, 2013
Interest rate contracts
Interest expense
|
Jun. 29, 2014
Interest rate contracts
Interest expense
|
Jun. 30, 2013
Interest rate contracts
Interest expense
|
Feb. 28, 2014
Interest rate contracts
Debentures, 7.125%, due 2028 (1)
|
Nov. 30, 2005
Interest rate contracts
Debentures, 7.125%, due 2028 (1)
|
Feb. 28, 2014
Interest rate contracts
Senior notes, 3.65%, due 2023 (1)
|
Sep. 19, 2013
Interest rate contracts
Senior notes, 3.65%, due 2023 (1)
|
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Derivatives | |||||||||||||||
Unrealized net gain in AOCL for discontinuation of commodity price risk hedges | $ 2 | ||||||||||||||
Debt face amount | 250 | 500 | |||||||||||||
Basis of variable rate | LIBOR | one-month LIBOR | |||||||||||||
Gain realized upon settlement of interest rate hedge | 52 | ||||||||||||||
Amortization period of deferred gain from interest rate hedge | 14 years | ||||||||||||||
Fixed rate on debt issue, due in 2023 (as a percent) | 3.65% | ||||||||||||||
Gain/(Loss) on Swaps | 11 | [1] | 17 | [1] | 8 | [1] | (28) | [1] | |||||||
Gain/(Loss) on Borrowings | $ (10) | [1] | $ (17) | [1] | $ (7) | [1] | $ 28 | [1] | |||||||
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