Total Debt (Notes)

9 Months Ended

Sep. 30, 2024

A summary of our debt as of September 30, 2024 and December 31, 2023 is as follows:


	September 30, 2024						December 31, 2023
	Principal Amount		Carrying Value		Fair Value		Principal Amount		Carrying Value		Fair Value
Senior unsecured notes	$	27,250	$	27,178	$	25,015	$	27,250	$	27,168	$	24,750



Senior secured notes and debentures(a)	56,305		56,592		48,840		57,925		58,250		50,742



Credit facilities(b)	11,591		11,545		11,414		12,413		12,359		12,237
	$	95,146	$	95,315	$	85,269	$	97,588	$	97,777	$	87,729

(a)Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $836 million and $797 million as of September 30, 2024 and December 31, 2023, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $869 million and $828 million as of September 30, 2024 and December 31, 2023, respectively, using the exchange rate at the respective dates).

(b)The Company has availability under the Charter Operating credit facilities of approximately $5.5 billion as of September 30, 2024.

The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of September 30, 2024 and December 31, 2023 is based on quoted market prices in active markets and is classified within Level 1 of the valuation hierarchy, while the estimated fair value of the Company’s credit facilities is based on quoted market prices in inactive markets and is classified within Level 2.

In May 2024, Charter Operating and Charter Communications Operating Capital Corp. jointly issued $1.5 billion of 6.100% senior secured notes due June 2029 at a price of 99.944% of the aggregate principal amount and $1.5 billion of 6.550% senior secured notes due June 2034 at a price of 99.755% of the aggregate principal amount. The net proceeds were used to fund a concurrent tender offer to repurchase $2.7 billion in aggregate principal amount of Charter Operating's 4.908% senior secured notes due July 2025, to prepay Charter Operating's outstanding Term B-1 Loan and to pay related fees and expenses. The transactions resulted in a gain on extinguishment of debt of approximately $9 million for the nine months ended September 30, 2024.