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Debt (Tables)
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3 Months Ended |
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Mar. 31, 2013
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| Debt [Abstract] |
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| Schedule of Long-term Debt Instruments |
At March 31, 2013 and December 31, 2012, our debt was as follows (in millions): | | | | | | | | | | March 31, 2013 |
| December 31, 2012 | First Lien Notes | $ | 5,304 |
| | $ | 5,303 |
| First Lien Term Loans | 2,456 |
| | 2,463 |
| Project financing, notes payable and other | 1,826 |
| | 1,789 |
| CCFC Notes | 980 |
| | 978 |
| Capital lease obligations | 211 |
| | 217 |
| Total debt | 10,777 |
| | 10,750 |
| Less: Current maturities | 144 |
| | 115 |
| Debt, net of current portion | $ | 10,633 |
| | $ | 10,635 |
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| First Lien Notes |
Our First Lien Notes are summarized in the table below (in millions): | | | | | | | | | | March 31, 2013 | | December 31, 2012 | 2017 First Lien Notes | $ | 1,080 |
| | $ | 1,080 |
| 2019 First Lien Notes | 360 |
| | 360 |
| 2020 First Lien Notes | 984 |
| | 983 |
| 2021 First Lien Notes | 1,800 |
| | 1,800 |
| 2023 First Lien Notes | 1,080 |
| | 1,080 |
| Total First Lien Notes | $ | 5,304 |
| | $ | 5,303 |
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| First Lien Term Loans |
Our First Lien Term Loans are summarized in the table below (in millions): | | | | | | | | | | March 31, 2013 | | December 31, 2012 | 2018 First Lien Term Loans | $ | 1,625 |
| | $ | 1,630 |
| 2019 First Lien Term Loan | 831 |
| | 833 |
| Total First Lien Term Loans | $ | 2,456 |
| | $ | 2,463 |
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| Schedule of Line of Credit Facilities |
The table below represents amounts issued under our letter of credit facilities at March 31, 2013 and December 31, 2012 (in millions): | | | | | | | | | | March 31, 2013 | | December 31, 2012 | Corporate Revolving Facility(1) | $ | 222 |
| | $ | 243 |
| CDHI | 250 |
| | 253 |
| Various project financing facilities | 131 |
| | 130 |
| Total | $ | 603 |
| | $ | 626 |
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| 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 March 31, 2013 and December 31, 2012 (in millions): | | | | | | | | | | | | | | | | | | March 31, 2013 | | December 31, 2012 | | Fair Value | | Carrying Value | | Fair Value | | Carrying Value | First Lien Notes | $ | 5,801 |
| | $ | 5,304 |
| | $ | 5,863 |
| | $ | 5,303 |
| First Lien Term Loans | 2,486 |
| | 2,456 |
| | 2,489 |
| | 2,463 |
| Project financing, notes payable and other(1) | 1,661 |
| | 1,691 |
| | 1,599 |
| | 1,629 |
| CCFC Notes | 1,050 |
| | 980 |
| | 1,075 |
| | 978 |
| Total | $ | 10,998 |
| | $ | 10,431 |
| | $ | 11,026 |
| | $ | 10,373 |
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____________ | | (1) | Excludes a lease that is accounted for as a failed sale-leaseback transaction under U.S. GAA |
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