v2.4.0.6
Debt (Tables)
 9 Months Ended
Sep. 30, 2012
Debt [Abstract]  
Schedule of Long-term Debt Instruments
At September 30, 2012 and December 31, 2011, our debt was as follows (in millions):
 
September 30, 2012

December 31, 2011
First Lien Notes
$
5,892

 
$
5,892

Project financing, notes payable and other
1,949

 
1,691

First Lien Term Loans
1,634

 
1,646

CCFC Notes
976

 
972

Capital lease obligations
221

 
224

Total debt
10,672

 
10,425

Less: Current maturities
105

 
104

Debt, net of current portion
$
10,567

 
$
10,321
First Lien Notes
Our First Lien Notes are summarized in the table below (in millions):
 
September 30, 2012
 
December 31, 2011
2017 First Lien Notes
$
1,200

 
$
1,200

2019 First Lien Notes
400

 
400

2020 First Lien Notes
1,092

 
1,092

2021 First Lien Notes
2,000

 
2,000

2023 First Lien Notes
1,200

 
1,200

Total First Lien Notes
$
5,892

 
$
5,892
Schedule of Line of Credit Facilities
The table below represents amounts issued under our letter of credit facilities at September 30, 2012 and December 31, 2011 (in millions):
 
September 30, 2012
 
December 31, 2011
Corporate Revolving Facility
$
280

 
$
440

CDHI
275

 
193

Various project financing facilities
130

 
130

Total
$
685

 
$
763
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table details the fair values and carrying values of our debt instruments at September 30, 2012 and December 31, 2011 (in millions):
 
September 30, 2012
 
December 31, 2011
 
Fair Value
 
Carrying
Value
 
Fair Value
 
Carrying
Value
First Lien Notes
$
6,378

 
$
5,892

 
$
6,219

 
$
5,892

Project financing, notes payable and other(1)
1,750

 
1,789

 
1,467

 
1,504

First Lien Term Loans
1,644

 
1,634

 
1,615

 
1,646

CCFC Notes
1,073

 
976

 
1,070

 
972

Total
$
10,845

 
$
10,291

 
$
10,371

 
$
10,014

____________
(1)
Excludes a lease that is accounted for as a failed sale-leaseback transaction under U.S. GAAP.