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Long-term Debt and Finance Leases (Tables) | 9 Months Ended
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Sep. 30, 2021
Debt Disclosure [Abstract] |
Long-term Debt and Finance Leases | Long-term debt and finance leases consisted of the following:
(In millions, except rates) | September 30, 2021 |  | December 31, 2020 |  | Interest rate %
Recourse debt: |  |  |  |  |
Senior Notes, due 2026 | $ | — |  |  | $ | 1,000 |  |  | 7.250
Senior Notes, due 2027 | 875 |  |  | 1,230 |  |  | 6.625
Senior Notes, due 2028 | 821 |  |  | 821 |  |  | 5.750
Senior Notes, due 2029 | 733 |  |  | 733 |  |  | 5.250
Senior Notes, due 2029 | 500 |  |  | 500 |  |  | 3.375
Senior Notes, due 2031 | 1,030 |  |  | 1,030 |  |  | 3.625
Senior Notes, due 2032 | 1,100 |  |  | — |  |  | 3.875
Convertible Senior Notes, due 2048(a) | 575 |  |  | 575 |  |  | 2.750
Senior Secured First Lien Notes, due 2024 | 600 |  |  | 600 |  |  | 3.750
Senior Secured First Lien Notes, due 2025 | 500 |  |  | 500 |  |  | 2.000
Senior Secured First Lien Notes, due 2027 | 900 |  |  | 900 |  |  | 2.450
Senior Secured First Lien Notes, due 2029 | 500 |  |  | 500 |  |  | 4.450
Tax-exempt bonds | 466 |  |  | 466 |  |  | 1.250 - 4.750
Subtotal recourse debt | 8,600 |  |  | 8,855 |  |  |
Finance leases | 13 |  |  | 4 |  |  | various
Subtotal long-term debt and finance leases (including current maturities) | 8,613 |  |  | 8,859 |  |  |
Less current maturities | (504) |  |  | (1) |  |  |
Less debt issuance costs | (89) |  |  | (93) |  |  |
Discounts | (63) |  |  | (74) |  |  |
Total long-term debt and finance leases | $ | 7,957 |  |  | $ | 8,691 |  |  |
(a)As of the ex-dividend date of October 29, 2021, the Convertible Senior Notes were convertible at a price of $44.89, which is equivalent to a conversion rate of approximately 22.2761 shares of common stock per $1,000 principal amount
Debt Instrument Redemption |
(In millions, except percentages) | Principal Repurchased |  | Cash Paid(a) |  | Average Early Redemption Percentage
7.250% Senior Notes, due 2026 | $ | 1,000 |  |  | $ | 1,056 |  |  | 103.625 | %
6.625% Senior Notes, due 2027 | 355 |  |  | 369 |  |  | 103.313 | %
Total Redemptions during the nine months ended September 30, 2021 | $ | 1,355 |  |  | $ | 1,425 |  |  |
6.625% Senior Notes, due 2027 | $ | 500 |  |  | $ | 524 |  |  | 103.313 | %
Total Redemptions January 1, 2021 through November 4, 2021 | $ | 1,855 |  |  | $ | 1,949 |  |  |
(a)Includes accrued interest of $22 million and $29 million for redemptions through September 30, 2021 and November 4, 2021, respectively

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- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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