Total Debt (Notes)

9 Months Ended

Sep. 30, 2025

A summary of our debt as of September 30, 2025 and December 31, 2024 is as follows:


	September 30, 2025						December 31, 2024
	Principal Amount		Carrying Value		Fair Value		Principal Amount		Carrying Value		Fair Value
Senior unsecured notes	$	27,250	$	27,193	$	25,853	$	27,250	$	27,182	$	24,881



Senior secured notes and debentures(a)	55,414		55,662		49,440		56,195		56,475		47,896



Credit facilities(b)	12,359		12,308		12,211		10,334		10,276		10,079
	$	95,023	$	95,163	$	87,504	$	93,779	$	93,933	$	82,856

(a)Includes the Company's £625 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) (remeasured at $840 million and $782 million as of September 30, 2025 and December 31, 2024, respectively, using the exchange rate at the respective dates) and the Company's £650 million aggregate principal amount of Sterling Notes (remeasured at $874 million and $813 million as of September 30, 2025 and December 31, 2024, respectively, using the exchange rate at the respective dates).

(b)The Company has availability under the Charter Operating credit facilities of approximately $4.0 billion as of September 30, 2025.

The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of September 30, 2025 and December 31, 2024 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 September 2025, Charter Operating and Charter Communications Operating Capital Corp. jointly issued $1.25 billion of 5.850% senior secured notes due December 2035 at a price of 99.932% of the aggregate principal amount and $750 million of 6.700% senior secured notes due December 2055 at a price of 99.832% of the aggregate principal amount. The net proceeds were used for general corporate purposes, including to repay certain indebtedness, including Charter Operating’s 6.150% senior secured notes due 2026, to fund potential buybacks of Charter Class A common stock and Charter Holdings common units, and to pay related fees and expenses. The transactions resulted in a loss on extinguishment of debt of approximately $28 million during the three and nine months ended September 30, 2025 recorded in other expenses, net in the consolidated statement of operations.