XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2

Long-Term Debt | 6 Months Ended
--- | ---
Jun. 30, 2022
Debt Disclosure [Abstract] |
Long-Term Debt | NOTE 7 — LONG-TERM DEBT A summary of long-term debt at June 30, 2022 and December 31, 2021, including related interest rates at June 30, 2022, follows (dollars in millions):
| June 30, 2022 |  |  | December 31, 2021 |
Senior secured asset-based revolving credit facility (effective interest rate of 2.6%) | $ | 3,710 |  |  | $ | 2,780 |
Senior secured revolving credit facility |  | — |  |  |  | — |
Senior secured term loan facilities (effective interest rate of 3.2%) |  | 1,920 |  |  |  | 1,960 |
Senior secured notes |  | — |  |  |  | 16,200 |
Other senior secured debt (effective interest rate of 4.0%) |  | 937 |  |  |  | 935 |
Senior secured debt |  | 6,567 |  |  |  | 21,875 |
Senior unsecured notes (effective interest rate of 4.9%) |  | 32,652 |  |  |  | 12,952 |
Debt issuance costs and discounts |  | (316 | ) |  |  | (248 | )
Total debt (average life of 10.0 years, rates averaging 4.6%) |  | 38,903 |  |  |  | 34,579 |
Less amounts due within one year |  | 246 |  |  |  | 237 |
| $ | 38,657 |  |  | $ | 34,342 |
During March 2022, we issued $6.000 billion aggregate principal amount of senior secured notes comprised of (i) $1.000 billion aggregate principal amount of 3 1/8% senior secured notes due 2027, (ii) $500 million aggregate principal amount of 3 3/8% senior secured notes due 2029, (iii) $2.000 billion aggregate principal amount of 3 5/8% senior secured notes due 2032, (iv) $500 million aggregate principal amount of 4 3/8% senior secured notes due 2042 and (v) $2.000 billion aggregate principal amount of 4 5/8% senior secured notes due 2052. During March 2022, we used a portion of the net proceeds to pay down our revolving credit facilities. During April 2022, we redeemed all $1.250 billion outstanding aggregate principal amount of our 4.75% senior secured notes due 2023. During May 2022, we redeemed all $1.250 billion outstanding aggregate principal amount of our 5.875% senior notes due 2023. The aggregate pretax loss on retirement of debt for these two redemptions was $78 million. During May 2022, Standard & Poor's Rating Services ("S&P") announced it had issued an investment grade rating with respect to the issuer credit rating of HCA Healthcare, Inc. and its subsidiaries. S&P's announcement, in conjunction with the Moody's Investors Service, Inc. upgrade in 2021, permitted the permanent release of the subsidiary guarantees and all collateral securing our senior secured notes. As a result of these releases, the senior secured notes are now classified as senior unsecured notes. The subsidiary guarantees and collateral securing our senior secured credit facilities are not affected.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration