Debt (Tables)
|
12 Months Ended |
Dec. 31, 2011
|
Debt Tables [Abstract] |
|
Debt Fair Value By Type Table |
| | December 31, | | | 2011 | | 2010 | | | Carrying | | Fair | | Carrying | | Fair | | | Amount | | Value | | Amount | | Value | | | | | | | | | | | | | | | | (in millions) | Non-recourse debt | | $ | 15,535 | | $ | 15,862 | | $ | 13,587 | | $ | 13,857 | Recourse debt | | | 6,485 | | | 6,640 | | | 4,612 | | | 4,868 | Total debt | | $ | 22,020 | | $ | 22,502 | | $ | 18,199 | | $ | 18,725 |
|
Carrying Amount And Terms Of Non-Recourse Debt |
| | | | | | December 31, | NON-RECOURSE DEBT | | Interest
Rate(1) | | Maturity | | 2011 | | 2010 | | | | | | | | | | | | | | | | | | | | (in millions) | VARIABLE RATE:(2) | | | | | | | | | | | Bank loans | | 2.95% | | 2012 - 2028 | | $ | 3,430 | | $ | 3,052 | Notes and bonds | | 11.70% | | 2012 - 2040 | | | 2,178 | | | 2,982 | Debt to (or guaranteed by) multilateral, | | | | | | | | | | | | export credit agencies or development banks(3) | | 3.30% | | 2012 - 2027 | | | 1,989 | | | 1,848 | Other | | 3.83% | | 2012 - 2041 | | | 321 | | | 363 | FIXED RATE: | | | | | | | | | | | Bank loans | | 8.24% | | 2012 - 2023 | | | 412 | | | 424 | Notes and bonds | | 6.37% | | 2012 - 2061 | | | 6,487 | | | 4,269 | Debt to (or guaranteed by) multilateral, | | | | | | | | | | | | export credit agencies or development banks(3) | | 6.57% | | 2012 - 2027 | | | 513 | | | 467 | Other | | 11.66% | | 2012 - 2039 | | | 205 | | | 182 | SUBTOTAL | | | | | | $ | 15,535(4) | | $ | 13,587(4) | Less: Current maturities | | | | | | | (2,123) | | | (2,503) | TOTAL | | | | | | $ | 13,412 | | $ | 11,084 |
|
Schedule For Maturity For Non-Recourse Debt |
| | | | Annual | | December 31, | | Maturities | | | | | (in millions) | | 2012 | . | | $ | 2,123 | | 2013 | . | | | 1,358 | | 2014 | . | | | 1,661 | | 2015 | . | | | 812 | | 2016 | . | | | 2,260 | | Thereafter | | | 7,321 | | Total non-recourse debt | | $ | 15,535 |
|
Debt In Default Table |
| | | Primary Nature | | December 31, 2011 | | Subsidiary | | of Default | | Default | | Net Assets | | | | | | | | | | | | | | | | (in millions) | | Maritza | | Covenant | | $ | 905 | | $ | 204 | | Sonel | | Covenant | | | 331 | | | 305 | | Kelanitissa | | Covenant | | | 16 | | | 48 | | Total | | | | $ | 1,252 | | | |
|
Carrying Amount And Terms Of Recourse Debt |
| | | | | Final | | December 31, | RECOURSE DEBT | | Interest Rate | | Maturity | | 2011 | | 2010 | | | | | | | | | | | | | | | | | | | | (in millions) | Senior Secured Term Loan | | LIBOR + 1.75% | | 2011 | | $ | - | | $ | 200 | Senior Unsecured Note | | 8.875% | | 2011 | | | - | | | 129 | Senior Unsecured Note | | 8.375% | | 2011 | | | - | | | 134 | Senior Unsecured Note | | 7.75% | | 2014 | | | 500 | | | 500 | Revolving Loan under Senior Secured Credit Facility(1) | | LIBOR + 3.00% | | 2015 | | | 295 | | | - | Senior Unsecured Note | | 7.75% | | 2015 | | | 500 | | | 500 | Senior Unsecured Note | | 9.75% | | 2016 | | | 535 | | | 535 | Senior Unsecured Note | | 8.00% | | 2017 | | | 1,500 | | | 1,500 | Senior Secured Term Loan | | LIBOR + 3.25% | | 2018 | | | 1,042 | | | - | Senior Unsecured Note | | 8.00% | | 2020 | | | 625 | | | 625 | Senior Unsecured Note | | 7.375% | | 2021 | | | 1,000 | | | - | Term Convertible Trust Securities | | 6.75% | | 2029 | | | 517 | | | 517 | Unamortized discounts | | | | | | | (29) | | | (28) | SUBTOTAL | | | | | | $ | 6,485 | | $ | 4,612 | | Less: Current maturities | | | | | | | (305) | | | (463) | Total | | | | | | $ | 6,180 | | $ | 4,149 |
|
Schedule For Maturity For Recourse Debt |
| December 31, | | Annual Maturities | | | | | (in millions) | | 2012 | . | | $ | 305 | | 2013 | . | | | 11 | | 2014 | . | | | 509 | | 2015 | . | | | 511 | | 2016 | . | | | 523 | | Thereafter | | | 4,626 | | Total recourse debt | | $ | 6,485 |
|