XML 50 R34.htm IDEA: XBRL DOCUMENT v3.25.2
Long-term Debt and Finance Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Long-term Debt and Finance Leases
Long-term debt and finance leases consisted of the following:
(In millions, except rates)June 30, 2025December 31, 2024Interest rate %
Recourse debt:
Senior Notes, due 2028$821 $821 5.750
Senior Notes, due 2029733 733 5.250
Senior Notes, due 2029500 500 3.375
Senior Notes, due 2029798 798 5.750
Senior Notes, due 20311,030 1,030 3.625
Senior Notes, due 2032480 480 3.875
Senior Notes, due 2033925 925 6.000
Senior Notes, due 2034950 950 6.250
Convertible Senior Notes, due 2048232 232 2.750
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 740 7.000
Revolving Credit Facility135 — 
SOFR + 1.720
Term Loan B, due 20311,311 1,317 
SOFR + 1.750
Tax-exempt bonds466 466 
1.250 - 4.750
Subtotal recourse debt11,021 10,892 
Finance leases14 14 various
Subtotal long-term debt and finance leases (including current maturities)11,035 10,906 
Less current maturities(1,132)(996)
Less debt issuance costs(79)(86)
Discounts(12)(12)
Total long-term debt and finance leases$9,812 $9,812 
Schedule of Debt Instrument, Interest Expense
The following table details the interest expense recorded in connection with the Convertible Senior Notes:
Three months ended June 30,Six months ended June 30,
(In millions, except percentages)2025202420252024
Contractual interest expense$1 $2 $3 $6 
Amortization of deferred finance costs— 1 — 1 
Total$1 $3 $3 $7 
Effective interest rate0.79%0.76%1.55%1.54%