Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

At September 30, 2019 and December 31, 2018, the Company’s consolidated long-term debt balance comprised of the following ($ in millions):

	September 30, 2019			December 31, 2018
IMTT	$	1,109		$	1,109
Atlantic Aviation	1,017			1,025
MIC Hawaii	195			196
MIC Corporate	387			734
Total	2,708			3,064
Current portion	(11		)	(361		)
Long-term portion	2,697			2,703
Unamortized deferred financing costs(1)	(43		)	(50		)
Long-term portion less unamortized debt discount and deferred financing costs	$	2,654		$	2,653

___________

(1)

The weighted average remaining life of the deferred financing costs at September 30, 2019 was 5.5 years.

Convertible Debt

The 2.00% Convertible Senior Notes due October 2023 consisted of the following ($ in millions):

	September 30, 2019			December 31, 2018
Liability Component:
Principal	$	403		$	403
Unamortized debt discount	(16		)	(19		)
Long-term debt, net of unamortized debt discount	387			384
Unamortized deferred financing costs	(6		)	(7		)
Net carrying amount	$	381		$	377
Equity Component	$	27		$	27