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Debt (Tables)
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3 Months Ended |
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Mar. 31, 2014
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| Debt Disclosure [Abstract] |
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| Schedule of Long-term Debt Instruments |
At March 31, 2014 and December 31, 2013, our debt was as follows (in millions): | | | | | | | | | | March 31, 2014 |
| December 31, 2013 | First Lien Notes | $ | 4,989 |
| | $ | 4,989 |
| First Lien Term Loans | 2,821 |
| | 2,828 |
| Project financing, notes payable and other | 1,865 |
| | 1,901 |
| CCFC Term Loans | 1,607 |
| | 1,191 |
| Capital lease obligations | 193 |
| | 203 |
| Subtotal | 11,475 |
| | 11,112 |
| Less: Current maturities | 189 |
| | 204 |
| Total long-term debt | $ | 11,286 |
| | $ | 10,908 |
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| First Lien Notes |
Our First Lien Notes are summarized in the table below (in millions): | | | | | | | | | | March 31, 2014 | | December 31, 2013 | 2019 First Lien Notes | $ | 320 |
| | $ | 320 |
| 2020 First Lien Notes | 875 |
| | 875 |
| 2021 First Lien Notes | 1,600 |
| | 1,600 |
| 2022 First Lien Notes | 744 |
| | 744 |
| 2023 First Lien Notes | 960 |
| | 960 |
| 2024 First Lien Notes | 490 |
| | 490 |
| Total First Lien Notes | $ | 4,989 |
| | $ | 4,989 |
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| First Lien Term Loans |
Our First Lien Term Loans are summarized in the table below (in millions): | | | | | | | | | | March 31, 2014 | | December 31, 2013 | 2018 First Lien Term Loans | $ | 1,610 |
| | $ | 1,614 |
| 2019 First Lien Term Loan | 822 |
| | 824 |
| 2020 First Lien Term Loan | 389 |
| | 390 |
| Total First Lien Term Loans | $ | 2,821 |
| | $ | 2,828 |
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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, 2014 and December 31, 2013 (in millions): | | | | | | | | | | March 31, 2014 | | December 31, 2013 | Corporate Revolving Facility(1) | $ | 239 |
| | $ | 242 |
| CDHI | 240 |
| | 218 |
| Various project financing facilities | 170 |
| | 170 |
| Total | $ | 649 |
| | $ | 630 |
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____________ | | (1) | The Corporate Revolving Facility represents our primary revolving facility. |
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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, 2014 and December 31, 2013 (in millions): | | | | | | | | | | | | | | | | | | March 31, 2014 | | December 31, 2013 | | Fair Value | | Carrying Value | | Fair Value | | Carrying Value | First Lien Notes | $ | 5,418 |
| | $ | 4,989 |
| | $ | 5,317 |
| | $ | 4,989 |
| First Lien Term Loans | 2,826 |
| | 2,821 |
| | 2,845 |
| | 2,828 |
| Project financing, notes payable and other(1) | 1,751 |
| | 1,743 |
| | 1,772 |
| | 1,766 |
| CCFC Term Loans | 1,590 |
| | 1,607 |
| | 1,179 |
| | 1,191 |
| Total | $ | 11,585 |
| | $ | 11,160 |
| | $ | 11,113 |
| | $ | 10,774 |
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____________ | | (1) | Excludes a lease that is accounted for as a failed sale-leaseback transaction under U.S. GAAP. |
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