Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2016

Long-Term Debt [Abstract]

Long-Term Debt

			Six months ended
			June 30, 2016
($ in millions)	January 1, 2016		Payments and Retirements		New Borrowings		Debt Assumed		Reclassifications		June 30, 2016		Interest at June 30, 2016*
Senior and Subsidiary Unsecured Debt	$	16,055	$	(22)	$	-	$	500	$	(637)	$	15,896	9.15%
Senior Secured Debt		-		(45)		1,625		-		637		2,217	3.63%
Secured Subsidiary Debt		-		-		-		100		-		100	8.50%
Secured Debt		23		(2)		-		-		-		21	4.11%
Rural Utilities Service Loan Contracts		8		-		-		-		-		8	6.15%
Total Long-Term Debt	$	16,086	$	(69)	$	1,625	$	600	$	-	$	18,242	8.47%
Less: Debt Issuance Costs		(196)										(223)
Less: Debt Premium/(Discount)		2										(53)
Less: Current Portion		(384)										(1,043)
	$	15,508									$	16,923

*  Interest rate includes amortization of debt issuance costs and debt premiums or discounts. The interest rates at June 30, 2016 represent a weighted average of multiple issuances.

Senior Unsecured Debt

	June 30, 2016			December 31, 2015
	Principal		Interest	Principal		Interest
($ in millions)	Outstanding		Rate	Outstanding		Rate
Senior Unsecured Debt Due:
4/15/2017	$	607	8.250%	$	607	8.250%
10/1/2018		583	8.125%		583	8.125%
3/15/2019		434	7.125%		434	7.125%
4/15/2020		1,022	8.500%		1,022	8.500%
9/15/2020		1,000	8.875%		1,000	8.875%
7/1/2021		500	9.250%		500	9.250%
9/15/2021		775	6.250%		775	6.250%
4/15/2022		500	8.750%		500	8.750%
9/15/2022		2,000	10.500%		2,000	10.500%
1/15/2023		850	7.125%		850	7.125%
4/15/2024		750	7.625%		750	7.625%
1/15/2025		775	6.875%		775	6.875%
9/15/2025		3,600	11.000%		3,600	11.000%
11/1/2025		138	7.000%		138	7.000%
8/15/2026		2	6.800%		2	6.800%
1/15/2027		346	7.875%		346	7.875%
8/15/2031		945	9.000%		945	9.000%
10/1/2034		1	7.680%		1	7.680%
7/1/2035		125	7.450%		125	7.450%
10/1/2046		193	7.050%		193	7.050%
		15,146			15,146
Senior Secured Debt Due:
10/14/2016 *		316	3.845% (Variable)		344	2.805% (Variable)
10/24/2019 **		296	3.845% (Variable)		315	3.805% (Variable)
3/31/2021***		1,605	2.970% (Variable)		-	-
		2,217			659
Subsidiary Debt Due:
05/15/2027		200	6.750%		-	-
02/01/2028		300	6.860%		-	-
2/15/2028		200	6.730%		200	6.730%
10/15/2029		50	8.400%		50	8.400%
11/15/2031		100	8.500%		-	-
		850			250
Total	$	18,213	8.214% ****	$	16,055	8.74% ****

*      Represents borrowings under the 2011 CoBank Credit Agreement, as defined below, that are secured as of April 1, 2016.

**    Represents borrowings under the 2014 CoBank Credit Agreement, as defined below, that are secured as of April 1, 2016.

*** Represents borrowings under the 2015 Credit Agreement, as defined below.

****Interest rate represents a weighted average of the stated interest rates of multiple issuances.

Debt Maturities by Year

	Principal
($ in millions)	Payments
2016 (remaining six months)	$	376
2017	$	727
2018	$	701
2019	$	787
2020	$	2,185
2021	$	2,373
Thereafter	$	11,093