Note 8 - Debt And Finance Leases (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020:

				As of December 31,
				2021		2020
(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
Non-current portion:
	Term notes	2026	13.85%		224		—
	Convertible debt	2026	17.26%		15		—
	RED-Rochester, LLC	2033	11.42%		12		12
	Finance leases	Various	Various		1		3
	Other debt	Various	Various		1		2
					253		17
				$	254	$	19

Schedule of Maturities of Debt and Finance Leases Outstanding

Annual maturities of debt and finance leases outstanding at December 31, 2021 were as follows:

(in millions)	Carrying Value		Maturity Value
2022	$	1	$	1
2023		2		2
2024		1		1
2025		1		1
2026		240		308
2027 and thereafter		9		9
Total	$	254	$	322

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 2019 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