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Long-term Debt and Finance Leases (Tables)

9 Months Ended

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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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.

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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.

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