Note 9 - Debt And Finance Leases (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Debt and Finance Leases and Related Maturities and Interest Rates

Debt and finance leases and related maturities and interest rates were as follows at December 31, 2020 and 2019:

				As of December 31,
				2020		2019
(in millions)	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	RED-Rochester, LLC	2033	11.42%		1		1
	Finance leases		Various		1		1
					2		2
Non-current portion:
	Convertible debt	2021	11.72%		—		91
	RED-Rochester, LLC	2033	11.42%		12		13
	Finance leases	Various	Various		3		4
	Other debt	Various	Various		2		1
					17		109
				$	19	$	111

Schedule of Maturities of Debt and Finance Leases Outstanding

Annual maturities of debt and finance leases outstanding at December 31, 2020 were as follows:

(in millions)	Carrying Value		Maturity Value
2021	$	2	$	2
2022		2		2
2023		1		1
2024		1		1
2025		1		1
2026 and thereafter		12		12
Total	$	19	$	19

Loss on Early Extinguishment of Debt

The calculation of the loss on early extinguishment of debt is shown below:

(in millions)
Fair value of Initial Conversion Shares	$	506
Fair value of Mandatory Conversion Shares		13
Carrying value of Convertible Notes		(92	)
Fair value of pro-rata share of embedded derivatives at Initial Conversion Date		(416	)
Fair value of pro-rata share of embedded derivatives at Mandatory Conversion Date		(9	)
Total	$	2