v3.2.0.727

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Our debt at June 30, 2015 and December 31, 2014, was as follows (in millions):
| June 30, 2015 |  | December 31, 2014
Senior Unsecured Notes | $ | 3,450 |  |  | $ | 2,800 |
First Lien Term Loans | 2,787 |  |  | 2,799 |
First Lien Notes | 1,928 |  |  | 2,075 |
Project financing, notes payable and other | 1,737 |  |  | 1,810 |
CCFC Term Loans | 1,588 |  |  | 1,596 |
Capital lease obligations | 201 |  |  | 202 |
Subtotal | 11,691 |  |  | 11,282 |
Less: Current maturities | 198 |  |  | 199 |
Total long-term debt | $ | 11,493 |  |  | $ | 11,083 |
Senior Unsecured Notes | The amounts outstanding under our Senior Unsecured Notes are summarized in the table below (in millions):
| June 30, 2015 |  | December 31, 2014
2023 Senior Unsecured Notes | $ | 1,250 |  |  | $ | 1,250 |
2024 Senior Unsecured Notes | 650 |  |  | — |
2025 Senior Unsecured Notes | 1,550 |  |  | 1,550 |
Total Senior Unsecured Notes | $ | 3,450 |  |  | $ | 2,800 |
First Lien Term Loans | The amounts outstanding under our First Lien Term Loans are summarized in the table below (in millions):
| June 30, 2015 |  | December 31, 2014
2018 First Lien Term Loans | $ | — |  |  | $ | 1,597 |
2019 First Lien Term Loan | 812 |  |  | 816 |
2020 First Lien Term Loan | 384 |  |  | 386 |
2022 First Lien Term Loan | 1,591 |  |  | — |
Total First Lien Term Loans | $ | 2,787 |  |  | $ | 2,799 |
First Lien Notes | The amounts outstanding under our First Lien Notes are summarized in the table below (in millions):
| June 30, 2015 |  | December 31, 2014
2022 First Lien Notes | $ | 745 |  |  | $ | 745 |
2023 First Lien Notes(1) | 693 |  |  | 840 |
2024 First Lien Notes | 490 |  |  | 490 |
Total First Lien Notes | $ | 1,928 |  |  | $ | 2,075 |
____________
(1) | On February 3, 2015, we repurchased approximately $147 million of our 2023 First Lien Notes with the proceeds from our 2024 Senior Unsecured Notes, as described in further detail above.
Schedule of Line of Credit Facilities | The table below represents amounts issued under our letter of credit facilities at June 30, 2015 and December 31, 2014 (in millions):
| June 30, 2015 |  | December 31, 2014
Corporate Revolving Facility(1) | $ | 179 |  |  | $ | 223 |
CDHI | 244 |  |  | 214 |
Various project financing facilities | 219 |  |  | 207 |
Total | $ | 642 |  |  | $ | 644 |
____________
(1) | The Corporate Revolving Facility represents our primary revolving facility.
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 June 30, 2015 and December 31, 2014 (in millions):
| June 30, 2015 |  | December 31, 2014
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
Senior Unsecured Notes | $ | 3,347 |  |  | $ | 3,450 |  |  | $ | 2,832 |  |  | $ | 2,800 |
First Lien Term Loans | 2,768 |  |  | 2,787 |  |  | 2,769 |  |  | 2,799 |
First Lien Notes | 2,059 |  |  | 1,928 |  |  | 2,247 |  |  | 2,075 |
Project financing, notes payable and other(1) | 1,660 |  |  | 1,629 |  |  | 1,734 |  |  | 1,688 |
CCFC Term Loans | 1,564 |  |  | 1,588 |  |  | 1,540 |  |  | 1,596 |
Total | $ | 11,398 |  |  | $ | 11,382 |  |  | $ | 11,122 |  |  | $ | 10,958 |
____________
(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 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 2: 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 3: 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 Reference 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 + 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 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 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 + Details
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