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Debt and Capital Leases (Tables)
 9 Months Ended
Sep. 30, 2018
Debt Disclosure [Abstract]  
Long-term debt and capital leases
Long-term debt and capital leases consisted of the following:
(In millions, except rates)
September 30, 2018
 
December 31, 2017
 
September 30, 2018 interest rate %(a)
 
 
 
Recourse debt:
 
 
 
 
 
Senior Notes, due 2022
$
485

 
$
992

 
6.250
Senior Notes, due 2024
733

 
733

 
6.250
Senior Notes, due 2026
1,000

 
1,000

 
7.250
Senior Notes, due 2027
1,230

 
1,250

 
6.625
Senior Notes, due 2028
821

 
870

 
5.750
Convertible Senior Notes, due 2048
575

 
—

 
2.750
Term loan facility, due 2023
1,857

 
1,872

 
L+1.75
Tax-exempt bonds
466

 
465

 
4.125 - 6.00
Subtotal recourse debt
7,167

 
7,182

 

Non-recourse debt:
 
 
 
 
 
Ivanpah, due 2033 and 2038(b)
—

 
1,073

 
2.285 - 4.256
Agua Caliente, due 2037(c)
—

 
818

 
2.395 - 3.633
Agua Caliente Borrower 1, due 2038
86

 
89

 
5.430
Midwest Generation, due 2019
78

 
152

 
4.390
Other
105

 
180

 
various
Subtotal all non-recourse debt
269

 
2,312

 
 
Subtotal long-term debt (including current maturities)
7,436


9,494

 
 
Capital leases
2

 
5

 
various
Subtotal long-term debt and capital leases (including current maturities)
7,438


9,499

 
 
Less current maturities
(593
)

(204
)
 
 
Less debt issuance costs
(82
)
 
(103
)
 
 
Discounts
(105
)
 
(12
)
 
 
Total long-term debt and capital leases
$
6,658


$
9,180

 
 
(a) As of September 30, 2018, L+ equals 3-month LIBOR plus 1.75%. 
(b) The Company deconsolidated Ivanpah during the second quarter of 2018.
(c) The Company deconsolidated Agua Caliente solar facility during the third quarter of 2018.
Senior notes repurchased

Principal Repurchased

Cash Paid (a)                         

Average Early Redemption Percentage
In millions, except rates





5.750% senior notes due 2028
$
29


$
30


99.24
%
6.250% senior notes due 2022
14


15


103.25
%
Total at June 30, 2018
$
43


$
45



6.250% senior notes due 2022(b)
492


512


103.13
%
5.750% senior notes due 2028
20

 
20

 
99.13
%
6.625% senior notes due 2027
20

 
21

 
103.06
%
Total at September 30, 2018
$
575

 
$
598

 
 
(a) Includes payment for accrued interest of $7 million as of September 30, 2018
(b) Includes partial redemption of $486 million during the third quarter of 2018