Liquidity Considerations

We are a highly-leveraged company and had $7.1 billion in face value of debt outstanding as of September 30, 2015. As a result, a significant portion of our liquidity needs are for debt service, including significant interest payments. Our estimated consolidated debt service obligation for the remainder of 2015 is $274 million, consisting of $62 million in principal maturities and $212 million in required interest payments. Our estimated consolidated debt service obligation for 2016 is $710 million, consisting of $141 million in principal maturities and $569 million in required interest payments.

Consolidated cash and cash equivalents, excluding restricted cash, as of September 30, 2015 as shown in the table below, includes amounts held by CERP, CGP, and CES, which are not readily available to CEC. Parent reflects CEC and its various non-operating subsidiaries.

Cash and Available Revolver Capacity

	September 30, 2015
(In millions)	CERP			CES		CGP			Parent
Cash and cash equivalents	$	218		$	141	$	901		$	349
Revolver capacity	270			—		160			—
Revolver capacity drawn or committed to letters of credit	(81		)	—		(45		)	—
Total	$	407		$	141	$	1,016		$	349

Future Maturities of Long-Term Debt

(In millions)	2015		2016		2017		2018		2019		Thereafter		Total
CERP	$	11	$	117	$	26	$	25	$	25	$	4,500	$	4,704
CGP	51		24		21		26		203		2,086		2,411
Total	$	62	$	141	$	47	$	51	$	228	$	6,586	$	7,115

Future Estimated Interest Payments

(In millions)	2015		2016		2017		2018		2019		Thereafter		Total
CERP	$	149	$	384	$	383	$	391	$	396	$	485	$	2,188
CGP	63		185		184		188		192		318		1,130
Total	$	212	$	569	$	567	$	579	$	588	$	803	$	3,318

See Note 12 for details of our debt outstanding and related restrictive covenants, including the restrictions on our subsidiaries to pay dividends to CEC or otherwise transfer cash to CEC. This detail includes, among other information, a table presenting details of our individual borrowings outstanding as of September 30, 2015 and December 31, 2014, as well as discussion of recent changes in our debt outstanding, and changes in the terms of existing debt subsequent to September 30, 2015.