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DEBT (Tables)
12 Months Ended
Dec. 31, 2015
DEBT  
Schedule of Long-term Debt

 

 

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

(in millions)

 

Secured First Lien Bank Debt

 

 

 

 

 

Revolving Credit Facility

 

$

739

 

$

360

 

Term Loan Facility

 

1,000

 

1,000

 

Senior Secured Second Lien Notes

 

 

 

 

 

8% Notes Due 2022

 

2,250

 

 

Senior Unsecured Notes

 

 

 

 

 

5% Notes Due 2020

 

433

 

1,000

 

5 1/2% Notes Due 2021

 

829

 

1,750

 

6% Notes Due 2024

 

892

 

2,250

 

 

 

 

 

 

 

Total Debt - Principal Amount

 

6,143

 

6,360

 

Less Current Maturities of Long-Term Debt

 

(100)

 

 

 

 

 

 

 

 

Long-Term Debt - Principal Amount

 

$

6,043

 

$

6,360

 

 

 

 

 

 

 

 

 

 

Principal maturities of long-term debt outstanding

Principal maturities of long-term debt outstanding at December 31, 2015 are as follows (in millions):

 

2016

 

$

100

 

2017

 

100

 

2018

 

100

 

2019

 

1,439

 

2020

 

433

 

Thereafter

 

3,971

 

 

 

 

 

Total

 

$

6,143