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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Summary of Long-term Debt
December 31, 2021December 31, 2020
(Dollars in millions)Final MaturityRatesFace ValueBook ValueBook Value
Secured Debt
Baltimore Revolving Credit Facility2022variable$— $— $— 
CRC Revolving Credit Facility2022variable— — — 
Baltimore Term Loan2024variable282 275 — 
CRC Term Loan2024variable4,512 4,190 4,133 
CEI Revolving Credit Facility2025variable— — — 
CRC Incremental Term Loan2025variable1,778 1,705 1,707 
CRC Senior Secured Notes20255.75%1,000 985 981 
CEI Senior Secured Notes20256.25%3,400 3,346 3,333 
Convention Center Mortgage Loan20257.85%400 399 397 
Unsecured Debt
5% Convertible Notes
20245.00%— — 288 
CRC Notes20255.25%— — 1,499 
CEI Senior Notes20278.125%1,700 1,673 1,768 
Senior Notes20294.625%1,200 1,183 — 
Special Improvement District Bonds20374.30%49 49 51 
Long-term notes and other payables2 2 2 
Total debt14,323 13,807 14,159 
Current portion of long-term debt(70)(70)(67)
Deferred finance charges associated with the CEI Revolving Credit Facility
— (15)(19)
Long-term debt$14,253 $13,722 $14,073 
Unamortized premiums, discounts and deferred finance charges$531 $883 
Fair value$14,713 
Schedule of Maturities of Principal Amount of Long-term Debt
Annual Estimated Debt Service Requirements
Years Ended December 31,
(In millions)20222023202420252026ThereafterTotal
Annual maturities of long-term debt$70 $70 $4,714 $6,526 $3 $2,940 $14,323 
Estimated interest payments770 790 790 540 200 320 3,410 
Total debt service obligation (a)
$840 $860 $5,504 $7,066 $203 $3,260 $17,733 
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(a)Debt principal payments are estimated amounts based on contractual maturity and repayment dates. Interest payments are estimated based on the forward-looking LIBOR curve, where applicable, and include the estimated impact of the four interest rate swap agreements related to our CRC Credit Facility (see Note 8). Actual payments may differ from these estimates.
Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities
Summary of Debt and Revolving Credit Facility Cash Flows from Financing Activities in 2021
(In millions)ProceedsRepaymentsDebt issuance and extinguishment costs
Senior Notes$1,200 $— $17 
CRC Notes— 1,700 24 
CEI Senior Notes— 100 13 
CRC Term Loan— 47 — 
CRC Incremental Term Loan108 126 2 
Baltimore Term Loan— 2 — 
Special Improvement District Bonds— 2 — 
Total$1,308 $1,977 $56