XML 44 R32.htm IDEA: XBRL DOCUMENT v3.22.1
Long-term Debt and Finance Leases (Tables)
 3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Long-term Debt and Finance Leases
Long-term debt and finance leases consisted of the following:
(In millions, except rates)March 31, 2022December 31, 2021Interest rate %
Recourse debt:
Senior Notes, due 2027$375 $375 6.625
Senior Notes, due 2028821 821 5.750
Senior Notes, due 2029733 733 5.250
Senior Notes, due 2029500 500 3.375
Senior Notes, due 20311,030 1,030 3.625
Senior Notes, due 20321,100 1,100 3.875
Convertible Senior Notes, due 2048(a)
575 575 2.750
Senior Secured First Lien Notes, due 2024600 600 3.750
Senior Secured First Lien Notes, due 2025500 500 2.000
Senior Secured First Lien Notes, due 2027900 900 2.450
Senior Secured First Lien Notes, due 2029500 500 4.450
Tax-exempt bonds466 466 
1.250 - 4.750
Subtotal recourse debt8,100 8,100 
Finance leases13 13 various
Subtotal long-term debt and finance leases (including current maturities)8,113 8,113 
Less current maturities(4)(4)
Less debt issuance costs(81)(83)
Discounts(2)(60)
Total long-term debt and finance leases$8,026 $7,966 
(a)As of the ex-dividend date of April 29, 2022, the Convertible Senior Notes were convertible at a price of 44.15, which is equivalent to a conversion rate of approximately 22.6516 shares of common stock per $1,000 principal amount.
Schedule of Debt Instrument, Interest Expense
The following table details the interest expense recorded in connection with the Convertible Senior Notes, due 2048:
($ In millions)For the three months ended March 31, 2022For the three months ended March 31, 2021
Contractual interest expense$4 $4 
Amortization of discount and deferred finance costs— 4 
Total$4 $8 
Effective Interest Rate0.76 %1.32 %