XML 60 R66.htm IDEA: XBRL DOCUMENT v3.19.3
FINANCING ARRANGEMENTS - Senior Secured Credit Facilities (Details) - USD ($)
3 Months Ended 9 Months Ended
May 23, 2019
Mar. 08, 2019
Dec. 27, 2018
Nov. 27, 2018
Jun. 01, 2018
Mar. 26, 2018
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Oct. 31, 2019
Dec. 31, 2018
Jan. 01, 2018
Debt Instrument [Line Items]                          
Repayments of long-term debt                 $ 3,956,000,000 $ 8,200,000,000      
Net proceeds from the issuance of debt                 3,238,000,000 7,471,000,000      
Loss on extinguishment of debt   $ 8,000,000         $ 0 $ 0 40,000,000 $ 75,000,000      
Debt issuance costs       $ 25,000,000 $ 74,000,000                
Debt modification costs         4,000,000                
Long-term debt             $ 23,566,000,000   $ 23,566,000,000     $ 24,305,000,000  
Series F Tranche B Term Loan Facility                          
Debt Instrument [Line Items]                          
Repayments of long-term debt         3,315,000,000                
Stated interest rate on debt (as a percent)             5.04%   5.04%        
Loss on extinguishment of debt         $ 48,000,000                
Revolving Credit Facility Due June 2023 | Eurocurrency rate | Minimum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 0.00%        
Revolving Credit Facility Due June 2023 | Canada Bankers Acceptance Rate                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 1.00%        
Revolving Credit Facility Due June 2023 | Canada Bankers Acceptance Rate | Minimum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 0.00%        
Term Loan B Facility Due June 2025                          
Debt Instrument [Line Items]                          
Debt term       7 years 7 years                
Principal amount       $ 1,500,000,000 $ 4,565,000,000                
Long-term debt             $ 3,826,000,000   $ 3,826,000,000     4,269,000,000  
Annual amortization rate (as a percent)             5.00%   5.00%        
Term Loan B Facility Due June 2025 | Eurocurrency rate                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 3.00%        
Term Loan B Facility Due June 2025 | Base Rate                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 2.00%        
Senior Secured Credit Facilities                          
Debt Instrument [Line Items]                          
Debt covenant, mandatory prepayments, percentage net cash proceeds, property and asset losses                 100.00%        
Debt covenant, mandatory prepayments, percentage net cash proceeds, incurrence of debt                 100.00%        
Debt covenant, mandatory prepayments, percentage of consolidated excess cash flow                 50.00%        
Debt covenant, mandatory prepayments, percentage net cash proceeds, asset sales                 100.00%        
Senior Secured Credit Facilities | Federal Funds                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 0.50%        
Senior Secured Credit Facilities | Eurocurrency rate                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 1.00%        
Senior Secured Credit Facilities | Eurocurrency rate | Minimum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 0.00%        
Term Loan B Facility Due November 2025                          
Debt Instrument [Line Items]                          
Stated interest rate on debt (as a percent)             4.79%   4.79%        
Long-term debt             $ 1,293,000,000   $ 1,293,000,000     1,456,000,000  
Annual amortization rate (as a percent)             5.00%   5.00%        
Term Loan B Facility Due November 2025 | Eurocurrency rate                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 2.75%        
Term Loan B Facility Due November 2025 | Base Rate or Prime Rate                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 1.75%        
Senior Unsecured Notes                          
Debt Instrument [Line Items]                          
Loss on extinguishment of debt $ 32,000,000         $ 26,000,000              
Senior Unsecured Notes | 5.375% Senior Notes Due March 2020                          
Debt Instrument [Line Items]                          
Repayments of long-term debt         $ 691,000,000                
Stated interest rate on debt (as a percent)         5.375%                
Senior Unsecured Notes | 6.75% Senior Notes Due August 2021                          
Debt Instrument [Line Items]                          
Repayments of long-term debt         $ 578,000,000                
Stated interest rate on debt (as a percent)         6.75%                
Senior Unsecured Notes | 7.25% Senior Notes Due July 2022                          
Debt Instrument [Line Items]                          
Repayments of long-term debt         $ 550,000,000                
Stated interest rate on debt (as a percent)         7.25%                
Senior Unsecured Notes | 6.375% Senior Notes Due October 2020                          
Debt Instrument [Line Items]                          
Repayments of long-term debt         $ 146,000,000                
Stated interest rate on debt (as a percent)         6.375% 6.375%              
Senior Unsecured Notes | 8.50% Senior Notes Due January 2027                          
Debt Instrument [Line Items]                          
Principal amount   $ 1,000,000,000                      
Stated interest rate on debt (as a percent)         8.50%   8.50%   8.50%        
Net proceeds from the issuance of debt         $ 750,000,000                
Long-term debt             $ 1,756,000,000   $ 1,756,000,000     738,000,000  
Senior Unsecured Notes | 7.50% Senior Notes Due July 2021                          
Debt Instrument [Line Items]                          
Repayments of long-term debt     $ 17,000,000 $ 1,483,000,000                  
Stated interest rate on debt (as a percent)       7.50%                  
Loss on extinguishment of debt       $ 43,000,000                  
Revolving Credit Facility                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity                         $ 1,500,000,000
Quarterly amortization payments                 1,226,000,000        
Threshold for incremental borrowings             $ 1,000,000,000   $ 1,000,000,000        
Threshold for incremental borrowings, percentage of adjusted EBITDA             28.50%   28.50%        
Secured leverage ratio             4.00   4.00        
Revolving Credit Facility | Revolving Credit Facility Due June 2023                          
Debt Instrument [Line Items]                          
Maximum borrowing capacity         $ 1,225,000,000                
Alternate debt term, number of days prior to scheduled maturity of principal amount in excess of threshold         91 days                
Alternate debt term, principal amount in excess of threshold         $ 1,000,000,000                
Stated interest rate on debt (as a percent)             5.04%   5.04%        
Long-term debt             $ 0   $ 0     $ 75,000,000  
Remaining borrowings             $ 1,055,000,000   $ 1,055,000,000        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Minimum                          
Debt Instrument [Line Items]                          
Commitment fee (as a percent)                 0.25%        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Maximum                          
Debt Instrument [Line Items]                          
Commitment fee (as a percent)                 0.50%        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Eurocurrency rate | Minimum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 2.50%        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Eurocurrency rate | Maximum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 3.00%        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Base Rate | Minimum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 1.50%        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Base Rate | Maximum                          
Debt Instrument [Line Items]                          
Variable rate (as a percentage)                 2.00%        
Revolving Credit Facility | Revolving Credit Facility Due June 2023 | Subsequent Event                          
Debt Instrument [Line Items]                          
Net borrowings                     $ 200,000,000    
Revolving Credit Facility | Senior Secured Notes                          
Debt Instrument [Line Items]                          
Secured leverage ratio             3.50   3.50        
Letter of Credit | Revolving Credit Facility Due June 2023                          
Debt Instrument [Line Items]                          
Long-term debt             $ 170,000,000   $ 170,000,000