Debt and Finance Leases (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Long-term debt and finance leases

Long-term debt and finance leases consisted of the following:

(In millions, except rates)	September 30, 2019		December 31, 2018		September 30, 2019 Interest rate %
Recourse debt:
Senior Notes, due 2024	$	—	$	733	6.250
Senior Notes, due 2026	1,000		1,000		7.250
Senior Notes, due 2027	1,230		1,230		6.625
Senior Notes, due 2028	821		821		5.750
Senior Notes, due 2029	733		—		5.250
Convertible Senior Notes, due 2048	575		575		2.750
Senior Secured First Lien Notes, due 2024	600		—		3.750
Senior Secured First Lien Notes, due 2029	500		—		4.450
Term Loan Facility (a)	—		1,698		L+ 0.0175
Revolver Facility (b)	215		—		L+ 0.0175 - P+ 0.0075
Tax-exempt bonds	466		466		0.04125 - 0.06
Subtotal recourse debt	6,140		6,523
Non-recourse debt:
Agua Caliente Borrower 1, due 2038	83		86		5.430
Midwest Generation	—		48		4.390
Other	34		34		various
Subtotal all non-recourse debt	117		168
Subtotal long-term debt (including current maturities)	6,257		6,691
Finance leases	—		1		6.500
Subtotal long-term debt and finance leases (including current maturities)	6,257		6,692
Less current maturities	(302)		(72)
Less debt issuance costs	(68)		(70)
Discounts	(89)		(101)
Total long-term debt and finance leases	$	5,798	$	6,449

(a) As of December 31, 2018, the interest rate was 1-month LIBOR plus 1.75%

(b) As of September 30, 2019, L is equal to 1-week LIBOR and P is equal to Prime Rate