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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Summary of Long-term Debt

			December 31, 2024																								December 31, 2023
(Dollars in millions)			Final Maturity						Rates						Face Value						Book Value						Book Value
Secured Debt
CEI Revolving Credit Facility			2028						variable						$	—					$	—					$	—
CEI Term Loan A			2028						variable						675						673						710
CVA Revolving Credit Facility			2029						variable						—						—						—
CVA Delayed Draw Term Loan			2029						variable						295						288						—
CEI Term Loan B			2030						variable						2,056						2,021						2,432
CEI Term Loan B-1			2031						variable						2,878						2,844						—
CEI Senior Secured Notes due 2030			2030						7.00%						2,000						1,982						1,978
CEI Senior Secured Notes due 2032			2032						6.50%						1,500						1,484						—
CEI Senior Secured Notes due 2025			N/A						N/A						—						—						3,374
CRC Senior Secured Notes			N/A						N/A						—						—						983
Unsecured Debt
CEI Senior Notes due 2027			2027						8.125%						546						542						1,593
CEI Senior Notes due 2029			2029						4.625%						1,200						1,190						1,188
CEI Senior Notes due 2032			2032						6.00%						1,100						1,086						—
Special Improvement District Bonds			2037						4.30%						42						42						45
Long-term notes and other payables															2						2						2
Total debt															12,294						12,154						12,305
Current portion of long-term debt															(109)						(109)						(65)
Deferred finance charges associated with the CEI Revolving Credit Facility															—						(12)						(16)
Long-term debt															$	12,185					$	12,033					$	12,224
Unamortized discounts and deferred finance charges																					$	152					$	150
Fair value															$	12,267

Schedule of Maturities of Principal Amount of Long-term Debt

Annual Estimated Debt Service Requirements
			Years Ended December 31,
(In millions)			2025						2026						2027						2028						2029						Thereafter						Total
Annual maturities of long-term debt			$	109					$	109					$	655					$	639					$	1,484					$	9,298					$	12,294
Estimated interest payments			790						780						780						690						670						730						4,440
Total debt service obligation (a)			$	899					$	889					$	1,435					$	1,329					$	2,154					$	10,028					$	16,734

____________________

(a)Debt principal payments are estimated amounts based on contractual maturity and scheduled repayment dates. Interest payments are estimated based on the forward-looking SOFR curve, where applicable. 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 2024
(In millions)			Proceeds						Repayments (a)
CEI Revolving Credit Facility			$	1,730					$	1,730
CEI Term Loan A			—						37
CVA Delayed Draw Term Loan			295						—
CEI Term Loan B			—						425
CEI Term Loan B-1			2,900						22
CEI Senior Secured Notes due 2032			1,500						—
CEI Senior Secured Notes due 2025			—						3,399
CRC Senior Secured Notes			—						989
CEI Senior Notes due 2027			—						1,065
CEI Senior Notes due 2032			1,100						—
Special Improvement District Bonds			—						3
Total			$	7,525					$	7,670

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(a)Includes contractually scheduled repayments as well as voluntary accelerated repayments.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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