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Long-term Debt and Finance Leases (Tables)
 3 Months Ended
Mar. 31, 2023
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, 2023December 31, 2022Interest 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
Senior Secured First Lien Notes, due 2033740 — 7.000
Revolving Credit Facility725 — 
SOFR + 1.720
Receivables Facility150 — various
Repurchase Facility75 — 
SOFR + 1.300
Tax-exempt bonds466 466 
1.250 - 4.750
Subtotal recourse debt9,790 8,100 
Non-recourse debt:
Vivint Senior Secured Notes, due 2027600 — 6.750
Vivint Senior Notes, due 2029800 — 5.750
Vivint Senior Secured Term Loan, due 20281,330 — various
Subtotal all Vivint non-recourse debt2,730 — 
Subtotal long-term debt (including current maturities)
12,520 8,100 
Finance leases19 11 various
Subtotal long-term debt and finance leases (including current maturities)12,539 8,111 
Less current maturities(971)(63)
Less debt issuance costs(75)(70)
Discounts(161)(2)
Total long-term debt and finance leases$11,332 $7,976 
(a)As of the ex-dividend date of April 28, 2023, the Convertible Senior Notes were convertible at a price of $42.57, which is equivalent to a conversion rate of approximately 23.4925 shares of common stock per $1,000 principal amount
Schedule of Debt Instrument, Interest Expense
The following table details the interest expense recorded in connection with the Convertible Senior Notes, due 2048:
Three months ended March 31,
($ In millions)20232022
Contractual interest expense$4 $4 
Amortization of discount and deferred finance costs1 — 
Total$5 $4 
Effective Interest Rate0.77 %0.76 %