XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.20.2

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Debt Disclosure [Abstract] |
Schedule of long-term debt | Our long-term debt consisted of the following as of September 30, 2020 and December 31, 2019:
| September 30, 2020 |  | December 31, 2019
| Principal Amount |  | Carrying Amount |  | Principal Amount |  | Carrying Amount
| ($ in millions)
DIP credit facility | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Pre-petition revolving credit facility | 1,929 |  |  | 1,929 |  |  | 1,590 |  |  | 1,590 |
Term loan due 2024 | 1,500 |  |  | 1,500 |  |  | 1,500 |  |  | 1,470 |
11.5% senior secured second lien notes due 2025 | 2,330 |  |  | 2,330 |  |  | 2,330 |  |  | 3,248 |
6.625% senior notes due 2020 | 176 |  |  | 176 |  |  | 208 |  |  | 208 |
6.875% senior notes due 2020 | 73 |  |  | 73 |  |  | 93 |  |  | 93 |
6.125% senior notes due 2021 | 167 |  |  | 167 |  |  | 167 |  |  | 167 |
5.375% senior notes due 2021 | 127 |  |  | 127 |  |  | 127 |  |  | 127 |
4.875% senior notes due 2022 | 272 |  |  | 272 |  |  | 338 |  |  | 338 |
5.75% senior notes due 2023 | 167 |  |  | 167 |  |  | 209 |  |  | 209 |
7.00% senior notes due 2024 | 624 |  |  | 624 |  |  | 624 |  |  | 624 |
6.875% senior notes due 2025 | 2 |  |  | 2 |  |  | 2 |  |  | 2 |
8.00% senior notes due 2025 | 246 |  |  | 246 |  |  | 246 |  |  | 245 |
5.5% convertible senior notes due 2026 | 1,064 |  |  | 1,064 |  |  | 1,064 |  |  | 765 |
7.5% senior notes due 2026 | 119 |  |  | 119 |  |  | 119 |  |  | 119 |
8.00% senior notes due 2026 | 46 |  |  | 46 |  |  | 46 |  |  | 44 |
8.00% senior notes due 2027 | 253 |  |  | 253 |  |  | 253 |  |  | 253 |
Debt issuance costs | — |  |  | — |  |  | — |  |  | (44 | )
Total debt, net | 9,095 |  |  | 9,095 |  |  | 8,916 |  |  | 9,458 |
Less current maturities of long-term debt | (1,929 | ) |  | (1,929 | ) |  | (385 | ) |  | (385 | )
Less amounts reclassified to liabilities subject to compromise | (7,166 | ) |  | (7,166 | ) |  | — |  |  | — |
Total long-term debt, net | $ | — |  |  | $ | — |  |  | $ | 8,531 |  |  | $ | 9,073 |
Schedule of debt repurchased | In the Current Period, we repurchased approximately $160 million aggregate principal amount of the following senior notes for $95 million and recorded an aggregate gain of approximately $65 million.
|  | Notes Repurchased
|  | ($ in millions)
6.625% senior notes due 2020 |  | $ | 32 |
6.875% senior notes due 2020 |  | 20 |
4.875% senior notes due 2022 |  | 66 |
5.75% senior notes due 2023 |  | 42 |
Total |  | $ | 160 |
Schedule of fair value of debt | Upon emergence from the Chapter 11 Cases, the pre-petition revolving credit facility will be paid in full with proceeds from our exit financing and, therefore, the estimated fair value equals the carrying value and is excluded from the table below.
|  | September 30, 2020 |  | December 31, 2019
|  | Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
|  |  |  | ($ in millions) |  |
Short-term debt (Level 1) |  | $ | — |  |  | $ | — |  |  | $ | 385 |  |  | $ | 360 |
Long-term debt (Level 1) |  | $ | — |  |  | $ | — |  |  | $ | 753 |  |  | $ | 622 |
Long-term debt (Level 2) |  | $ | — |  |  | $ | — |  |  | $ | 8,320 |  |  | $ | 6,085 |
Liabilities subject to compromise (Level 1) |  | $ | 982 |  |  | $ | 38 |  |  | $ | — |  |  | $ | — |
Liabilities subject to compromise (Level 2) |  | $ | 6,184 |  |  | $ | 1,475 |  |  | $ | — |  |  | $ | — |

X
- Definition Schedule of Debt Repurchased [Table Text Block] + References No definition available. + Details
Name: | chk_ScheduleofDebtRepurchasedTableTextBlock
Namespace Prefix: | chk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration