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Debt (Tables) | 12 Months Ended
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Dec. 31, 2013
Debt Disclosure [Abstract] |
Carrying Amount and Terms of Non-Recourse Debt | Non-Recourse Debt The following table summarizes the carrying amount and terms of non-recourse debt as of December 31, 2013 and 2012:
NON-RECOURSE DEBT | Weighted Average Interest Rate |  | Maturity |  | December 31, |
2013 |  | 2012 |
|  |  |  |  | (in millions) |
VARIABLE RATE:(1) |  |  |  |  |  |  |  |
Bank loans | 3.30 | % |  | 2014 – 2029 |  | $ | 2,783 |  |  | $ | 3,556 |  |
Notes and bonds | 10.51 | % |  | 2014 – 2040 |  | 1,845 |  |  | 1,887 |  |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks(2) | 2.46 | % |  | 2014 – 2034 |  | 2,446 |  |  | 1,711 |  |
Other | 4.62 | % |  | 2014 – 2043 |  | 349 |  |  | 349 |  |
FIXED RATE: |  |  |  |  |  |  |  |
Bank loans | 5.06 | % |  | 2014 – 2023 |  | 477 |  |  | 209 |  |
Notes and bonds | 6.25 | % |  | 2014 – 2073 |  | 7,164 |  |  | 6,448 |  |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks(2) | 4.65 | % |  | 2014 – 2027 |  | 164 |  |  | 411 |  |
Other | 6.55 | % |  | 2014 – 2061 |  | 152 |  |  | 188 |  |
SUBTOTAL |  |  |  |  | 15,380 |  | (3) | 14,759 |  | (3)
Less: Current maturities |  |  |  |  | (2,062 | ) |  | (2,494 | ) |
TOTAL |  |  |  |  | $ | 13,318 |  |  | $ | 12,265 |  |
(1) | The interest rate on variable rate debt represents the total of a variable component that is based on changes in an interest rate index and of a fixed component. The Company has interest rate swaps and option agreements in an aggregate notional principal amount of approximately $3.6 billion on non-recourse debt outstanding at December 31, 2013. These agreements economically fix the variable component of the interest rates on the portion of the variable-rate debt being hedged so that the total interest rate on that debt has been fixed at rates ranging from approximately 4.09% to 8.98% and 5.85% to 8.75% for swaps and options, respectively. These agreements expire at various dates from 2014 through 2030.
(2) | Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions.
(3) | Non-recourse debt of $658 million as of December 31, 2013 was excluded from non-recourse debt and included in current and noncurrent liabilities of held for sale and discontinued businesses in the accompanying Consolidated Balance Sheets. There were no amounts excluded in 2012.
Schedule For Maturity For Non-Recourse Debt | Non-recourse debt as of December 31, 2013 is scheduled to reach maturity as set forth in the table below:
December 31, | Annual Maturities
| (in millions)
2014 | $ | 2,062 |
2015 | 692 |
2016 | 2,422 |
2017 | 792 |
2018 | 1,444 |
Thereafter | 7,968 |
Total non-recourse debt | $ | 15,380 |
Debt In Default Table | The following table summarizes the Company’s subsidiary non-recourse debt in default or accelerated as of December 31, 2013 and is included in the current portion of non-recourse debt:
| Primary Nature of Default |  | December 31, 2013
Subsidiary | Default |  | Net Assets
|  |  | (in millions)
Maritza | Covenant |  | $ | 850 |  |  | $ | 714 |
Kavarna | Covenant |  | 205 |  |  | 90 |
Total |  |  | $ | 1,055 |  |  |
Schedule of Recourse Debt Detail | The following table summarizes the carrying amount and terms of recourse debt of the Company as of December 31, 2013 and 2012:
| Interest Rate |  | Final Maturity |  | December 31,
RECOURSE DEBT | 2013 |  | 2012
|  |  |  |  | (in millions)
Senior Unsecured Note | 7.75% |  | 2014 |  | 110 |  |  | 500 |
Senior Unsecured Note | 7.75% |  | 2015 |  | 356 |  |  | 500 |
Senior Unsecured Note | 9.75% |  | 2016 |  | 369 |  |  | 535 |
Senior Unsecured Note | 8.00% |  | 2017 |  | 1,150 |  |  | 1,500 |
Senior Secured Term Loan | LIBOR + 2.75% |  | 2018 |  | 799 |  |  | 807 |
Senior Unsecured Note | 8.00% |  | 2020 |  | 625 |  |  | 625 |
Senior Unsecured Note | 7.38% |  | 2021 |  | 1,000 |  |  | 1,000 |
Senior Unsecured Note | 4.88% |  | 2023 |  | 750 |  |  | — |
Term Convertible Trust Securities | 6.75% |  | 2029 |  | 517 |  |  | 517 |
Unamortized discounts |  |  |  |  | (7 | ) |  | (22 | )
SUBTOTAL |  |  |  |  | 5,669 |  |  | 5,962 |
Less: Current maturities |  |  |  |  | (118 | ) |  | (11 | )
Total |  |  |  |  | $ | 5,551 |  |  | $ | 5,951 |
|  |  |  |  |  | December 31,
|  | Interest Rate |  | Maturity |  | 2013 |  | 2012
|  |  |  |  |  | (in millions)
Senior Unsecured Note |  | 7.75% |  | 2014 |  | $ | 110 |  |  | $ | 500 |
Senior Unsecured Note |  | 7.75% |  | 2015 |  | 356 |  |  | 500 |
Senior Unsecured Note |  | 9.75% |  | 2016 |  | 369 |  |  | 535 |
Senior Unsecured Note |  | 8.00% |  | 2017 |  | 1,150 |  |  | 1,500 |
Senior Secured Term Loan |  | LIBOR + 2.75% |  | 2018 |  | 799 |  |  | 807 |
Revolving Loan under Senior Secured Credit Facility |  | LIBOR + 2.25% |  | 2018 |  | — |  |  | — |
Senior Unsecured Note |  | 8.00 | % |  | 2020 |  | 625 |  |  | 625 |
Senior Unsecured Note |  | 7.38% |  | 2021 |  | 1,000 |  |  | 1,000 |
Senior Unsecured Note |  | 4.88% |  | 2023 |  | 750 |  |  | — |
Unamortized discounts |  |  |  |  |  | (7 | ) |  | (22 | )
SUBTOTAL |  |  |  |  |  | 5,152 |  |  | 5,445 |
Less: Current maturities |  |  |  |  |  | (118 | ) |  | (11 | )
Total |  |  |  |  |  | $ | 5,034 |  |  | $ | 5,434 |
Schedule of Future Maturities of Recourse Debt |
| Interest Rate |  | Final Maturity |  | December 31,
RECOURSE DEBT | 2013 |  | 2012
|  |  |  |  | (in millions)
Senior Unsecured Note | 7.75% |  | 2014 |  | 110 |  |  | 500 |
Senior Unsecured Note | 7.75% |  | 2015 |  | 356 |  |  | 500 |
Senior Unsecured Note | 9.75% |  | 2016 |  | 369 |  |  | 535 |
Senior Unsecured Note | 8.00% |  | 2017 |  | 1,150 |  |  | 1,500 |
Senior Secured Term Loan | LIBOR + 2.75% |  | 2018 |  | 799 |  |  | 807 |
Senior Unsecured Note | 8.00% |  | 2020 |  | 625 |  |  | 625 |
Senior Unsecured Note | 7.38% |  | 2021 |  | 1,000 |  |  | 1,000 |
Senior Unsecured Note | 4.88% |  | 2023 |  | 750 |  |  | — |
Term Convertible Trust Securities | 6.75% |  | 2029 |  | 517 |  |  | 517 |
Unamortized discounts |  |  |  |  | (7 | ) |  | (22 | )
SUBTOTAL |  |  |  |  | 5,669 |  |  | 5,962 |
Less: Current maturities |  |  |  |  | (118 | ) |  | (11 | )
Total |  |  |  |  | $ | 5,551 |  |  | $ | 5,951 |
The table below summarizes the principal amounts due, net of unamortized discounts, under our recourse debt for the next five years and thereafter:
December 31, | Net Principal Amounts Due
| (in millions)
2014 | $ | 118 |
2015 | 364 |
2016 | 368 |
2017 | 1,158 |
2018 | 764 |
Thereafter | 2,897 |
Total recourse debt | $ | 5,669 |
December 31, | Annual Maturities
| (in millions)
2014 | $ | 118 |
2015 | 364 |
2016 | 368 |
2017 | 1,158 |
2018 | 764 |
Thereafter | 2,897 |
Total debt | $ | 5,669 |

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