XML 68 R58.htm IDEA: XBRL DOCUMENT
v3.24.3

Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) | Sep. 30, 2024 | Jan. 26, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 10, 2023 | Apr. 30, 2022 | Feb. 28, 2021 | Nov. 26, 2019
--- | --- | --- | --- | --- | --- | --- | --- | ---
Debt |  |  |  |  |  |  |  |
Total | $ 12,000,000 |  | $ 15,000,000 |  |  |  |  |
Total debt | 10,742,000,000 |  | 11,161,000,000 |  |  |  |  |
Less: total current maturities (d) | 589,000,000 |  | 1,079,000,000 |  |  |  |  |
Less: total deferred financing costs, net | 16,000,000 |  | 9,000,000 |  |  |  |  |
Total long-term debt | $ 10,137,000,000 |  | 10,073,000,000 |  |  |  |  |
Senior Notes | 3.75% Convertible Senior Notes |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 3.75% |  |  |  | 3.75% |  |  |
Principal amount | $ 575,000,000 |  |  |  | $ 575,000,000 |  |  |
Carrying value | $ 590,000,000 |  | 688,000,000 |  |  |  |  |
Senior Notes | 2.75% Exchangeable Senior Debentures |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 2.75% |  |  |  |  |  |  | 2.75%
Principal amount | $ 585,000,000 |  |  |  |  |  |  | $ 604,000,000
Carrying value | $ 583,000,000 |  | 574,000,000 |  |  |  |  |
Senior Notes | 3.125% Senior Notes Due 2026 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 3.125% |  |  |  |  |  |  |
Principal amount | $ 1,000,000,000 |  |  |  |  |  |  |
Carrying value | $ 995,000,000 |  | 994,000,000 |  |  |  |  |
Senior Notes | 5.00% Senior Notes Due 2027 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 5.00% |  |  |  |  |  |  |
Principal amount | $ 1,500,000,000 |  |  |  |  |  |  |
Carrying value | $ 1,495,000,000 |  | 1,494,000,000 |  |  |  |  |
Senior Notes | 4.00% Senior Notes Due 2028 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 4.00% |  |  |  |  |  |  |
Principal amount | $ 2,000,000,000 |  |  |  |  |  |  |
Carrying value | $ 1,987,000,000 |  | 1,985,000,000 |  |  |  |  |
Senior Notes | 5.500% Senior Notes Due 2029 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 5.50% |  |  |  |  |  |  |
Principal amount | $ 1,250,000,000 |  |  |  |  |  |  |
Carrying value | $ 1,242,000,000 |  | 1,241,000,000 |  |  |  |  |
Senior Notes | 4.125% Senior Notes Due 2030 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 4.125% |  |  |  |  |  |  |
Principal amount | $ 1,500,000,000 |  |  |  |  |  |  |
Carrying value | $ 1,490,000,000 |  | 1,488,000,000 |  |  |  |  |
Senior Notes | 3.875% Senior Notes Due 2031 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Stated interest rate (as a percent) | 3.875% |  |  |  |  |  |  |
Principal amount | $ 1,500,000,000 |  |  |  |  |  |  |
Carrying value | 1,488,000,000 |  | 1,487,000,000 |  |  |  |  |
Line of Credit | Incremental Term Loan |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Principal amount | 0 | $ 1,100,000,000 |  |  |  | $ 500,000,000 |  |
Carrying value | 0 |  | 500,000,000 |  |  |  |  |
Line of Credit | Incremental Term Loan, September 2024 |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Principal amount | 610,000,000 |  |  |  |  |  |  |
Carrying value | 610,000,000 |  | 0 |  |  |  |  |
Line of Credit | Senior Secured Revolving Credit Facility (the "Credit Facility") |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Principal amount | 250,000,000 |  |  |  |  |  |  |
Carrying value | 250,000,000 |  | 0 |  |  |  |  |
Line of Credit | Sirius XM Holdings Margin Loan |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Principal amount | 0 |  |  |  |  |  | $ 125,000,000 |
Carrying value | $ 0 |  | $ 695,000,000 |  |  |  |  |
Line of Credit | Sirius XM Holdings Margin Loan | Senior Secured Revolving Credit Facility (the "Credit Facility") |  |  |  |  |  |  |  |
Debt |  |  |  |  |  |  |  |
Principal amount |  |  |  | $ 1,075,000,000 |  |  | $ 875,000,000 |

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-1A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Present value of lessee's discounted obligation for lease payments from finance lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479041/842-20-45-1 + Details
Name: | us-gaap_FinanceLeaseLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69C -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1D -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-4 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, classified as noncurrent. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, classified as current. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(20)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt and lease obligation, including portion classified as current. + References No definition available. + Details
Name: | us-gaap_LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=siri_A3.75ConvertibleSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=siri_A2.75ExchangeableSeniorDebenturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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

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

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=siri_IncrementalTermLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=siri_IncrementalTermLoanSeptember2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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