v2.4.0.8

Debt (Tables) | 9 Months Ended
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Sep. 30, 2014
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | At September 30, 2014 and December 31, 2013, our debt was as follows (in millions):
| September 30, 2014 |  | December 31, 2013
First Lien Notes | $ | 2,195 |  |  | $ | 4,989 |
Senior Unsecured Notes | 2,800 |  |  | — |
First Lien Term Loans | 2,806 |  |  | 2,828 |
Project financing, notes payable and other | 1,861 |  |  | 1,901 |
CCFC Term Loans | 1,600 |  |  | 1,191 |
Capital lease obligations | 192 |  |  | 203 |
Subtotal | 11,454 |  |  | 11,112 |
Less: Current maturities | 194 |  |  | 204 |
Total long-term debt | $ | 11,260 |  |  | $ | 10,908 |
First Lien Notes | Our First Lien Notes are summarized in the table below (in millions):
| September 30, 2014 |  | December 31, 2013
2019 First Lien Notes(1) | $ | — |  |  | $ | 320 |
2020 First Lien Notes(1) | — |  |  | 875 |
2021 First Lien Notes(1) | — |  |  | 1,600 |
2022 First Lien Notes | 745 |  |  | 744 |
2023 First Lien Notes | 960 |  |  | 960 |
2024 First Lien Notes | 490 |  |  | 490 |
Total First Lien Notes | $ | 2,195 |  |  | $ | 4,989 |
____________
(1) | The 2019 First Lien Notes, 2020 First Lien Notes and 2021 First Lien Notes were repaid during the third quarter of 2014 with the proceeds from the issuance of our Senior Unsecured Notes, together with cash on hand, which are described in further detail below.
Senior Unsecured Notes | Our Senior Unsecured Notes are summarized in the table below (in millions):
| September 30, 2014 |  | December 31, 2013
2023 Senior Unsecured Notes | $ | 1,250 |  |  | $ | — |
2025 Senior Unsecured Notes | 1,550 |  |  | — |
Total Senior Unsecured Notes | $ | 2,800 |  |  | $ | — |
First Lien Term Loans | Our First Lien Term Loans are summarized in the table below (in millions):
| September 30, 2014 |  | December 31, 2013
2018 First Lien Term Loans | $ | 1,601 |  |  | $ | 1,614 |
2019 First Lien Term Loan | 818 |  |  | 824 |
2020 First Lien Term Loan | 387 |  |  | 390 |
Total First Lien Term Loans | $ | 2,806 |  |  | $ | 2,828 |
Schedule of Line of Credit Facilities | The table below represents amounts issued under our letter of credit facilities at September 30, 2014 and December 31, 2013 (in millions):
| September 30, 2014 |  | December 31, 2013
Corporate Revolving Facility(1) | $ | 206 |  |  | $ | 242 |
CDHI(2) | 199 |  |  | 218 |
Various project financing facilities | 241 |  |  | 170 |
Total | $ | 646 |  |  | $ | 630 |
____________
(1) | The Corporate Revolving Facility represents our primary revolving facility. On July 30, 2014, we amended our Corporate Revolving Facility to increase the capacity by an additional $500 million to $1.5 billion.
(2) | During the first quarter of 2014, we amended our CDHI letter of credit facility to lower our fees and extend the maturity to January 2, 2018.
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, 2014 and December 31, 2013 (in millions):
| September 30, 2014 |  | December 31, 2013
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
First Lien Notes | $ | 2,348 |  |  | $ | 2,195 |  |  | $ | 5,317 |  |  | $ | 4,989 |
Senior Unsecured Notes | 2,695 |  |  | 2,800 |  |  | — |  |  | — |
First Lien Term Loans | 2,778 |  |  | 2,806 |  |  | 2,845 |  |  | 2,828 |
Project financing, notes payable and other(1) | 1,784 |  |  | 1,739 |  |  | 1,772 |  |  | 1,766 |
CCFC Term Loans | 1,594 |  |  | 1,600 |  |  | 1,179 |  |  | 1,191 |
Total | $ | 11,199 |  |  | $ | 11,140 |  |  | $ | 11,113 |  |  | $ | 10,774 |
____________
(1) | Excludes a lease that is accounted for as a failed sale-leaseback transaction under U.S. GAAP.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph f -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
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