XML 69 R54.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Schedule Of Debt | The following table provides a summary of our indebtedness as of December 31, 2016 and 2015: ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | As of December 31, |
﻿ |  | 2016 |  | 2015 |
﻿Debt Obligation |  | Collateral (Number of aircraft) |  | Commitment |  | Undrawn amounts |  | Outstanding |  | Weighted average interest rate (a) |  | Maturity |  | Outstanding |
﻿Unsecured |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ILFC Legacy Notes |  |  |  | $ | 7,670,000 |  | $ | — |  | $ | 7,670,000 |  | 6.96% |  | 2017 - 2022 |  | $ | 9,220,000 |
﻿AerCap Aviation Notes |  |  |  |  | 300,000 |  |  | — |  |  | 300,000 |  | 6.38% |  | 2017 |  |  | 300,000 |
﻿AerCap Trust & AICDC Notes |  |  |  |  | 6,399,864 |  |  | — |  |  | 6,399,864 |  | 4.25% |  | 2017 - 2022 |  |  | 5,399,864 |
﻿Asia revolving credit facility |  |  |  |  | 600,000 |  |  | 600,000 |  |  | — |  | — |  | 2020 |  |  | — |
﻿Citi revolving credit facility |  |  |  |  | 3,000,000 |  |  | 3,000,000 |  |  | — |  | — |  | 2018 |  |  | — |
﻿AIG revolving credit facility |  |  |  |  | 500,000 |  |  | 500,000 |  |  | — |  | — |  | 2019 |  |  | — |
﻿Other unsecured debt |  |  |  |  | — |  |  | — |  |  | — |  | — |  | NA |  |  | 27,959 |
﻿Fair value adjustment |  |  |  |  | NA |  |  | NA |  |  | 430,348 |  | NA |  | NA |  |  | 671,687 |
﻿TOTAL UNSECURED |  |  |  |  | 18,469,864 |  |  | 4,100,000 |  |  | 14,800,212 |  |  |  |  |  |  | 15,619,510 |
﻿Secured |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Export credit facilities |  | 85 |  |  | 1,722,376 |  |  | — |  |  | 1,722,376 |  | 2.52% |  | 2017 - 2027 |  |  | 2,292,686 |
﻿Senior Secured Notes |  | 85 |  |  | 1,275,000 |  |  | — |  |  | 1,275,000 |  | 7.13% |  | 2018 |  |  | 2,550,000 |
﻿Institutional secured term loans & secured portfolio loans |  | 221 |  |  | 6,484,123 |  |  | 1,455,500 |  |  | 5,028,623 |  | 3.16% |  | 2020 - 2024 |  |  | 3,269,822 |
﻿ALS II debt |  | 26 |  |  | 17,746 |  |  | — |  |  | 17,746 |  | 2.55% |  | 2038 |  |  | 210,557 |
﻿AerFunding revolving credit facility |  | 15 |  |  | 2,160,000 |  |  | 1,563,181 |  |  | 596,819 |  | 2.92% |  | 2019 |  |  | 1,058,294 |
﻿AeroTurbine revolving credit agreement (b) |  |  |  |  | 200,000 |  |  | 75,000 |  |  | 125,000 |  | 3.27% |  | 2019 |  |  | 321,603 |
﻿Other secured debt |  | 108 |  |  | 2,814,826 |  |  | 144,500 |  |  | 2,670,325 |  | 3.57% |  | 2017 - 2034 |  |  | 2,745,423 |
﻿Fair value adjustment |  |  |  |  | NA |  |  | NA |  |  | 82,251 |  | NA |  | NA |  |  | 174,903 |
﻿TOTAL SECURED |  |  |  |  | 14,674,071 |  |  | 3,238,181 |  |  | 11,518,140 |  |  |  |  |  |  | 12,623,288 |
﻿Subordinated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ECAPS subordinated notes |  |  |  |  | 1,000,000 |  |  | — |  |  | 1,000,000 |  | 4.77% |  | 2065 |  |  | 1,000,000 |
﻿Junior Subordinated Notes |  |  |  |  | 500,000 |  |  | — |  |  | 500,000 |  | 6.50% |  | 2045 |  |  | 500,000 |
﻿Subordinated debt joint ventures partners |  |  |  |  | 55,780 |  |  | — |  |  | 55,780 |  | 2.26% |  | 2022 |  |  | 64,280 |
﻿Fair value adjustment |  |  |  |  | NA |  |  | NA |  |  | (232) |  | NA |  | NA |  |  | (235) |
﻿TOTAL SUBORDINATED |  |  |  |  | 1,555,780 |  |  | — |  |  | 1,555,548 |  |  |  |  |  |  | 1,564,045 |
﻿Debt issuance costs and debt discounts |  |  |  |  | NA |  |  | NA |  |  | (156,901) |  | NA |  | NA |  |  | (164,980) | (c)
﻿ |  | 540 |  | $ | 34,699,715 |  | $ | 7,338,181 |  | $ | 27,716,999 |  |  |  |  |  | $ | 29,641,863 |
﻿
| (a) |  | The weighted average interest rate for our floating rate debt is calculated based on the U.S. dollar LIBOR rate as of the last interest payment date of the respective debt, and excludes the impact of related derivative financial instruments which we hold to hedge our exposure to floating interest rates, as well as any amortization of debt issuance costs and debt discounts.
| (b) |  | AeroTurbine’s assets serve d as collateral for the AeroTurbine revolving credit agreement.
| (c) |  | We retrospectively reclassified $165.0 million of debt issuance costs from other assets to a direct reduction of the debt liability as of December 31, 2015. See Note 3—Summary of significant accounting policies.
﻿
Schedule Of Maturities Of Debt And Capital Lease Obligations | Maturities of our debt financing s (exclu ding fair value adjustments, debt issuance costs and debt discounts) as of December 31, 2016 were as follows: ﻿
﻿ |  |
﻿ | Maturities of debt financing
﻿2017 | $ | 3,755,193
﻿2018 |  | 3,123,579
﻿2019 |  | 4,616,811
﻿2020 |  | 3,687,839
﻿2021 |  | 4,952,852
﻿Thereafter |  | 7,225,259
﻿ | $ | 27,361,533
﻿ |  |
﻿
Export Credit Facilities [Member] |
Schedule Of Interest Rate Terms | The following table provides details regarding the terms of our outstanding export credit facilities: ﻿
﻿ |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |
﻿ | As of December 31, 2016
﻿ | Collateral (Number of aircraft) |  | Amount outstanding |  | Tranche |  | Weighted average interest rate |  | Maturity
﻿2003 Airbus ECA facility | 15 |  | $ | 140,723 |  | Floating Rate |  | Three month LIBOR + 0.37% |  | 2017-2020
﻿2004 Airbus ECA facility | 29 |  |  | 317,426 |  | Floating Rate |  | Six month LIBOR + 1.42% |  | 2017-2019
﻿ | 8 |  |  | 96,256 |  | Fixed Rate |  | 4.02% |  | 2018-2020
﻿2008 Airbus ECA facility | 4 |  |  | 88,195 |  | Floating Rate |  | Three month LIBOR + 1.35% |  | 2022
﻿ | 12 |  |  | 339,717 |  | Fixed Rate |  | 2.64% |  | 2021-2023
﻿2009 Airbus ECA facility | 2 |  |  | 36,608 |  | Floating Rate |  | Three month LIBOR + 1.11% |  | 2022
﻿ | 3 |  |  | 54,482 |  | Fixed Rate |  | 4.21% |  | 2021-2022
﻿Airbus ECA capital markets facilities | 3 |  |  | 110,290 |  | Fixed Rate |  | 3.60% |  | 2021
﻿Other Airbus ECA facilities | 5 |  |  | 313,445 |  | Fixed Rate |  | 2.38% |  | 2024-2027
﻿2010 Ex-Im facilities | 2 |  |  | 28,817 |  | Fixed Rate |  | 2.95% |  | 2022
﻿2012 Ex-Im capital markets facility | 2 |  |  | 196,417 |  | Fixed Rate |  | 1.49% |  | 2025
﻿Total | 85 |  | $ | 1,722,376 |  |  |  |  |  |
﻿
AerFunding Revolving Credit Facility [Member] |
Schedule Of Interest Rate Terms | The following table presents the applicable margin for the borrowings under the AerFunding revolving credit facility during the periods specified: ﻿
﻿ |  |
﻿ |  | Applicable margin
﻿Borrowing period (a) |  | 2.25%
﻿Period from December 10, 2017 to December 9, 2018 |  | 3.25%
﻿Period from December 10, 2018 to December 9, 2019 |  | 3.75%
﻿
| (a) |  | The borrowing period is until December 9, 2017, after which the loan converts to a term loan.
Other Secured Debt [Member] |
Schedule Of Interest Rate Terms | The following table provides details regarding the terms of these financings: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | As of December 31, 2016
﻿ | Collateral (Number of aircraft) |  | Amount outstanding |  | Tranche |  | Weighted average interest rate |  | Maturity
﻿SkyFunding I facility | 6 |  |  | $ | 126,716 |  | Floating rate |  | Three month LIBOR plus 2.85% |  | 2021-2022
﻿ | 6 |  |  |  | 125,634 |  | Fixed rate |  | 4.43% |  | 2021-2022
﻿SkyFunding II facility | 6 |  |  |  | 141,179 |  | Floating rate |  | Three month LIBOR plus 3.15% |  | 2022-2023
﻿ | 3 |  |  |  | 66,699 |  | Fixed rate |  | 4.43% |  | 2022-2023
﻿Camden facility | 7 |  |  |  | 164,162 |  | Fixed rate |  | 3.90% |  | 2022
﻿AerCap Partners I facility | 8 |  |  |  | 81,537 |  | Floating rate |  | Three month LIBOR plus 1.65% |  | 2018
﻿StratusFunding facility | 2 |  |  |  | 155,236 |  | Floating rate |  | Three month LIBOR plus 1.95% |  | 2026
﻿ | 2 |  |  |  | 154,901 |  | Fixed rate |  | 3.93% |  | 2021-2026
﻿CieloFunding facility | 1 |  |  |  | 42,350 |  | Floating rate |  | Three month LIBOR plus 2.60% |  | 2020
﻿ | 2 |  |  |  | 67,407 |  | Fixed rate |  | 3.68% |  | 2020
﻿CieloFunding II facility | 1 |  |  |  | 30,095 |  | Floating rate |  | Three month LIBOR plus 2.10% |  | 2020
﻿ | 1 |  |  |  | 31,888 |  | Fixed rate |  | 3.14% |  | 2020
﻿CloudFunding facilities | 15 |  |  |  | 231,247 |  | Fixed rate |  | 3.98% |  | 2022-2026
﻿LimelightFunding facility | 2 |  |  |  | 157,479 |  | Fixed rate |  | 4.70% |  | 2026
﻿Secured commercial bank financings | 34 | (a) |  |  | 844,111 |  | Floating rate |  | LIBOR plus 2.19% |  | 2017-2026
﻿ | 12 |  |  |  | 249,684 |  | Fixed rate |  | 3.36% |  | 2017-2034
﻿Total | 108 |  |  | $ | 2,670,325 |  |  |  |  |  |
﻿
| (a) |  | Three engines are pledged as collateral in addition to the aircraft.

X
- Definition Schedule of Interest Rate Terms [Table Text Block] + References No definition available. + Details
Name: | aer_ScheduleOfInterestRateTermsTableTextBlock
Namespace Prefix: | aer_
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

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DebtInstrumentAxis=aer_ExportCreditFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=aer_AerfundingRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=aer_OtherDebtInstrumentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |