Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt [Abstract]

Schedule of Long-term Debt Instruments

At March 31, 2013 and December 31, 2012, our debt was as follows (in millions):

	March 31, 2013		December 31, 2012
First Lien Notes	$	5,304	$	5,303
First Lien Term Loans	2,456		2,463
Project financing, notes payable and other	1,826		1,789
CCFC Notes	980		978
Capital lease obligations	211		217
Total debt	10,777		10,750
Less: Current maturities	144		115
Debt, net of current portion	$	10,633	$	10,635

First Lien Notes

Our First Lien Notes are summarized in the table below (in millions):

	March 31, 2013		December 31, 2012
2017 First Lien Notes	$	1,080	$	1,080
2019 First Lien Notes	360		360
2020 First Lien Notes	984		983
2021 First Lien Notes	1,800		1,800
2023 First Lien Notes	1,080		1,080
Total First Lien Notes	$	5,304	$	5,303

First Lien Term Loans

Our First Lien Term Loans are summarized in the table below (in millions):

	March 31, 2013		December 31, 2012
2018 First Lien Term Loans	$	1,625	$	1,630
2019 First Lien Term Loan	831		833
Total First Lien Term Loans	$	2,456	$	2,463

Schedule of Line of Credit Facilities

The table below represents amounts issued under our letter of credit facilities at March 31, 2013 and December 31, 2012 (in millions):

	March 31, 2013		December 31, 2012
Corporate Revolving Facility(1)	$	222	$	243
CDHI	250		253
Various project financing facilities	131		130
Total	$	603	$	626

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table details the fair values and carrying values of our debt instruments at March 31, 2013 and December 31, 2012 (in millions):

	March 31, 2013				December 31, 2012
	Fair Value		Carrying Value		Fair Value		Carrying Value
First Lien Notes	$	5,801	$	5,304	$	5,863	$	5,303
First Lien Term Loans	2,486		2,456		2,489		2,463
Project financing, notes payable and other(1)	1,661		1,691		1,599		1,629
CCFC Notes	1,050		980		1,075		978
Total	$	10,998	$	10,431	$	11,026	$	10,373

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(1) Excludes a lease that is accounted for as a failed sale-leaseback transaction under U.S. GAA