Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long Term Debt And Capital Lease Obligations [Abstract]

Long-term debt, net of unamortized debt issuance costs and discounts or premiums, consists of the following (in millions):

	September 30,			December 31,
	2020			2019
5⅛% Senior Secured Notes due 2021	$	—		$	1,000
6⅞% Senior Notes due 2022		197			231
6¼% Senior Secured Notes due 2023		2,675			3,100
8⅝% Senior Secured Notes due 2024		1,033			1,033
6⅝% Senior Secured Notes due 2025		1,462			—
8% Senior Secured Notes due 2026		2,101			2,101
8% Senior Secured Notes due 2027		700			700
6⅞% Senior Notes due 2028		1,474			1,700
9⅞% Junior-Priority Secured Notes due 2023		1,770			1,770
8⅛% Junior-Priority Secured Notes due 2024		1,354			1,355
ABL Facility		—			273
Finance lease and financing obligations		241			272
Other		20			17
Less: Unamortized deferred debt issuance costs and note premium		(148	)		(147	)
Total debt		12,879			13,405
Less: Current maturities		(19	)		(20	)
Total long-term debt	$	12,860		$	13,385

Schedule of Early Redemption Prices on Notes

After February 15, 2022, CHS is entitled, at its option, to redeem some or all of the 6⅝% Senior Secured Notes at a redemption price equal to the percentage of principal amount below plus accrued and unpaid interest, if any, to, but excluding the applicable redemption date, if redeemed during the twelve-month period beginning on February 15 of the years set forth below:

Period	Redemption Price
February 15, 2022 to February 14, 2023		103.313	%
February 15, 2023 to February 14, 2024		101.656	%
February 15, 2024 to February 14, 2025		100.000	%

Schedule of Extinguished Portion of Certain Series of Outstanding Notes

During the three months ended September 30, 2020, the Company extinguished a portion of certain series of its outstanding notes through open market repurchases, as follows (in millions):

	Principal Amount
6⅞% Senior Notes due 2028	$	226
8⅛% Junior-Priority Secured Notes due 2024		1
6⅞% Senior Notes due 2022		34
Total principal amount of debt extinguished	$	261