v3.4.0.3

Debt (Tables) | 3 Months Ended
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Mar. 31, 2016
Debt Disclosure [Abstract] |
Schedule of long-term debt instruments | Our debt at March 31, 2016 and December 31, 2015, was as follows (in millions):
| March 31, 2016 |  | December 31, 2015
Senior Unsecured Notes | $ | 3,408 |  |  | $ | 3,406 |
First Lien Term Loans | 3,271 |  |  | 3,277 |
First Lien Notes | 1,790 |  |  | 1,789 |
Project financing, notes payable and other | 1,665 |  |  | 1,715 |
CCFC Term Loans | 1,562 |  |  | 1,565 |
Capital lease obligations | 181 |  |  | 185 |
Subtotal | 11,877 |  |  | 11,937 |
Less: Current maturities | 205 |  |  | 221 |
Total long-term debt | $ | 11,672 |  |  | $ | 11,716 |
Senior Unsecured Notes | The amounts outstanding under our Senior Unsecured Notes are summarized in the table below (in millions):
| March 31, 2016 |  | December 31, 2015
2023 Senior Unsecured Notes | $ | 1,235 |  |  | $ | 1,235 |
2024 Senior Unsecured Notes | 642 |  |  | 641 |
2025 Senior Unsecured Notes | 1,531 |  |  | 1,530 |
Total Senior Unsecured Notes | $ | 3,408 |  |  | $ | 3,406 |
First Lien Term Loans | The amounts outstanding under our First Lien Term Loans are summarized in the table below (in millions):
| March 31, 2016 |  | December 31, 2015
2019 First Lien Term Loan | $ | 794 |  |  | $ | 795 |
2020 First Lien Term Loan | 377 |  |  | 378 |
2022 First Lien Term Loan | 1,568 |  |  | 1,571 |
2023 First Lien Term Loan | 532 |  |  | 533 |
Total First Lien Term Loans | $ | 3,271 |  |  | $ | 3,277 |
First Lien Notes | The amounts outstanding under our First Lien Notes are summarized in the table below (in millions):
| March 31, 2016 |  | December 31, 2015
2022 First Lien Notes | $ | 738 |  |  | $ | 737 |
2023 First Lien Notes | 568 |  |  | 568 |
2024 First Lien Notes | 484 |  |  | 484 |
Total First Lien Notes | $ | 1,790 |  |  | $ | 1,789 |
Schedule of line of credit facilities | The table below represents amounts issued under our letter of credit facilities at March 31, 2016 and December 31, 2015 (in millions):
| March 31, 2016 |  | December 31, 2015
Corporate Revolving Facility(1) | $ | 314 |  |  | $ | 316 |
CDHI | 262 |  |  | 241 |
Various project financing facilities | 178 |  |  | 198 |
Total | $ | 754 |  |  | $ | 755 |
____________
(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 March 31, 2016 and December 31, 2015 (in millions):
| March 31, 2016 |  | December 31, 2015
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
Senior Unsecured Notes | $ | 3,315 |  |  | $ | 3,408 |  |  | $ | 3,063 |  |  | $ | 3,406 |
First Lien Term Loans | 3,290 |  |  | 3,271 |  |  | 3,197 |  |  | 3,277 |
First Lien Notes | 1,906 |  |  | 1,790 |  |  | 1,885 |  |  | 1,789 |
Project financing, notes payable and other(1) | 1,619 |  |  | 1,574 |  |  | 1,653 |  |  | 1,608 |
CCFC Term Loans | 1,544 |  |  | 1,562 |  |  | 1,494 |  |  | 1,565 |
Total | $ | 11,674 |  |  | $ | 11,605 |  |  | $ | 11,292 |  |  | $ | 11,645 |
____________
(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=64930739&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=64930785&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=64930785&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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