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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Instrument [Line Items]  
Schedule of Debt

Long-term debt, net of unamortized debt issuance costs and discounts or premiums, as applicable, consists of the following (in millions):

 

 

 

September 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

8% Senior Secured Notes due 2027

 

$

—

 

 

$

700

 

5⅝% Senior Secured Notes due 2027

 

 

14

 

 

 

1,757

 

6⅞% Senior Notes due 2028

 

 

42

 

 

 

626

 

6% Senior Secured Notes due 2029

 

 

644

 

 

 

644

 

5¼% Senior Secured Notes due 2030

 

 

1,535

 

 

 

1,535

 

4¾% Senior Secured Notes due 2031

 

 

1,058

 

 

 

1,058

 

10⅞% Senior Secured Notes due 2032

 

 

2,225

 

 

 

2,225

 

10¾% Senior Secured Notes due 2033

 

 

700

 

 

 

—

 

9¾% Senior Secured Notes due 2034

 

 

1,790

 

 

 

—

 

6⅞% Junior-Priority Secured Notes due 2029

 

 

1,245

 

 

 

1,244

 

6⅛% Junior-Priority Secured Notes due 2030

 

 

1,227

 

 

 

1,227

 

ABL Facility

 

 

—

 

 

 

341

 

Finance lease and financing obligations

 

 

340

 

 

 

343

 

Other

 

 

15

 

 

 

24

 

Less: Unamortized deferred debt issuance costs

 

 

(230

)

 

 

(272

)

Total debt

 

 

10,605

 

 

 

11,452

 

Less: Current maturities

 

 

(16

)

 

 

(20

)

Total long-term debt

 

$

10,589

 

 

$

11,432

 
Senior Secured Notes at 10.750% Due 2033  
Debt Instrument [Line Items]  
Schedule of Early Redemption Prices on Notes

At any time and from time to time on or after June 15, 2030, CHS may redeem the 10¾% Senior Secured Notes due 2033 in whole or in part, upon not less than 10 nor more than 60 days’ prior written notice at a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest, if any, on the 10¾% Senior Secured Notes due 2033 redeemed, to, but excluding, the applicable date of redemption, if redeemed during the twelve-month period beginning on June 15 of the years indicated below:

 

Period

 

Redemption Price

 

June 15, 2030 to June 14, 2031

 

 

110.750

%

June 15, 2031 to June 14, 2032

 

 

105.375

%

June 15, 2032 to June 14, 2033

 

 

100.000

%
Senior Secured Notes at 9.750% Due 2034  
Debt Instrument [Line Items]  
Schedule of Early Redemption Prices on Notes

At any time and from time to time on or after August 15, 2028, CHS may redeem the 9¾% Senior Secured Notes due 2034 in whole or in part, upon not less than 10 nor more than 60 days’ prior written notice at a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest, if any, on the 9¾% Senior Secured Notes due 2034 redeemed, to, but excluding, the applicable date of redemption, if redeemed during the twelve-month period beginning on August 15 of the years indicated below:

 

Period

 

Redemption Price

 

August 15, 2028 to August 14, 2029

 

 

104.875

%

August 15, 2029 to August 14, 2030

 

 

102.438

%

August 15, 2030 to August 14, 2034

 

 

100.000

%