v3.20.2

Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of long-term debt instruments | Our debt at June 30, 2020 and December 31, 2019, was as follows (in millions):
| June 30, 2020 |  | December 31, 2019
First Lien Term Loans | $ | 3,155 |  |  | $ | 3,167 |
Senior Unsecured Notes | 3,042 |  |  | 3,663 |
First Lien Notes | 2,408 |  |  | 2,835 |
CCFC Term Loan | 962 |  |  | 967 |
GPC Term Loan | 867 |  |  | — |
Project financing, notes payable and other | 481 |  |  | 879 |
Finance lease obligations | 68 |  |  | 73 |
Revolving facilities | 122 |  |  | 122 |
Subtotal | 11,105 |  |  | 11,706 |
Less: Current maturities | 231 |  |  | 1,268 |
Total long-term debt | $ | 10,874 |  |  | $ | 10,438 |
First Lien Term Loans | First Lien Term Loans The amounts outstanding under our First Lien Term Loans are summarized in the table below (in millions):
| June 30, 2020 |  | December 31, 2019
2024 First Lien Term Loan | $ | 1,508 |  |  | $ | 1,514 |
2026 First Lien Term Loans | 1,647 |  |  | 1,653 |
Total First Lien Term Loans | $ | 3,155 |  |  | $ | 3,167 |
Senior Unsecured Notes | Senior Unsecured Notes The amounts outstanding under our Senior Unsecured Notes are summarized in the table below (in millions):
| June 30, 2020 |  | December 31, 2019
2023 Senior Unsecured Notes(1) | $ | — |  |  | $ | 623 |
2024 Senior Unsecured Notes(2) | 479 |  |  | 479 |
2025 Senior Unsecured Notes(2) | 1,175 |  |  | 1,174 |
2028 Senior Unsecured Notes(1) | 1,388 |  |  | 1,387 |
Total Senior Unsecured Notes | $ | 3,042 |  |  | $ | 3,663 |
First Lien Notes | The amounts outstanding under our First Lien Notes are summarized in the table below (in millions):
| June 30, 2020 |  | December 31, 2019
2022 First Lien Notes(1) | $ | — |  |  | $ | 245 |
2024 First Lien Notes(2) | — |  |  | 184 |
2026 First Lien Notes | 1,173 |  |  | 1,172 |
2028 First Lien Notes | 1,235 |  |  | 1,234 |
Total First Lien Notes | $ | 2,408 |  |  | $ | 2,835 |
____________
(1) |
Schedule of line of credit facilities | The table below represents amounts issued under our letter of credit facilities at June 30, 2020 and December 31, 2019 (in millions):
| June 30, 2020 |  | December 31, 2019
Corporate Revolving Facility(1) | $ | 462 |  |  | $ | 604 |
CDHI | 3 |  |  | 3 |
Various project financing facilities(2) | 336 |  |  | 184 |
Other corporate facilities(3) | 275 |  |  | 294 |
Total | $ | 1,076 |  |  | $ | 1,085 |
____________
(1) | The Corporate Revolving Facility represents our primary revolving facility and matures on March 8, 2023.
(2) | On June 9, 2020, we entered into the GPC Term Loan which provides for $200 million in letter of credit facilities.
(3) | On April 9, 2020, we amended one of our unsecured letter of credit facilities to partially extend the maturity of $100 million in commitments from June 20, 2020 to June 20, 2022.
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, 2020 and December 31, 2019 (in millions):
| June 30, 2020 |  | December 31, 2019
| Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value
First Lien Term Loans | $ | 3,081 |  |  | $ | 3,155 |  |  | $ | 3,238 |  |  | $ | 3,167 |
Senior Unsecured Notes | 3,027 |  |  | 3,042 |  |  | 3,764 |  |  | 3,663 |
First Lien Notes | 2,404 |  |  | 2,408 |  |  | 2,929 |  |  | 2,835 |
CCFC Term Loan | 941 |  |  | 962 |  |  | 982 |  |  | 967 |
GPC Term Loan | 900 |  |  | 867 |  |  | — |  |  | — |
Project financing, notes payable and other(1) | 426 |  |  | 419 |  |  | 822 |  |  | 817 |
Revolving facilities | 122 |  |  | 122 |  |  | 122 |  |  | 122 |
Total | $ | 10,901 |  |  | $ | 10,975 |  |  | $ | 11,857 |  |  | $ | 11,571 |
____________
(1) | Excludes an agreement 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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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