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Debt (Tables)
 9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Debt Instruments
As of September 30, 2017 and December 31, 2016, our debt consisted of the following (in millions):
 
 
September 30,
 
December 31,
 
 
2017
 
2016
Long-term debt
 
 
 
 
5.625% Senior Secured Notes due 2021 (“2021 Senior Notes”), net of unamortized premium of $6 and $7
 
$
2,006

 
$
2,007

6.25% Senior Secured Notes due 2022 (“2022 Senior Notes”)
 
1,000

 
1,000

5.625% Senior Secured Notes due 2023 (“2023 Senior Notes”), net of unamortized premium of $5 and $6
 
1,505

 
1,506

5.75% Senior Secured Notes due 2024 (“2024 Senior Notes”)
 
2,000

 
2,000

5.625% Senior Secured Notes due 2025 (“2025 Senior Notes”)
 
2,000

 
2,000

5.875% Senior Secured Notes due 2026 (“2026 Senior Notes”)
 
1,500

 
1,500

5.00% Senior Secured Notes due 2027 (“2027 Senior Notes”)
 
1,500

 
1,500

4.200% Senior Secured Notes due 2028 (“2028 Senior Notes”), net of unamortized discount of $1 and zero
 
1,349

 
—

5.00% Senior Secured Notes due 2037 (“2037 Senior Notes”)
 
800

 
—

2015 Credit Facilities
 
—

 
314

Unamortized debt issuance costs
 
(189
)
 
(178
)
Total long-term debt, net
 
13,471

 
11,649

 
 
 
 
 
Current debt
 
 
 
 
$1.2 billion Working Capital Facility (“Working Capital Facility”)
 
—

 
224

Total debt, net
 
$
13,471


$
11,873
Schedule of Line of Credit Facilities
Below is a summary (in millions) of our Working Capital Facility as of September 30, 2017:
 
 
Working Capital Facility
Original facility size
 
$
1,200

Outstanding balance
 
—

Letters of credit issued
 
721

Available commitment
 
$
479

 
 
 
Interest rate
 
LIBOR plus 1.75% or base rate plus 0.75%
Maturity date
 
December 31, 2020, with various terms for underlying loans
Schedule of Interest Expense
Total interest expense consisted of the following (in millions):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Total interest cost
 
$
198

 
$
168

 
$
581

 
$
469

Capitalized interest
 
(74
)
 
(102
)
 
(225
)
 
(370
)
Total interest expense, net
 
$
124

 
$
66

 
$
356

 
$
99
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table (in millions) shows the carrying amount and estimated fair value of our debt:
 
 
September 30, 2017
 
December 31, 2016
 
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
Senior notes, net of premium or discount (1)
 
$
12,860

 
$
14,026

 
$
11,513

 
$
12,309

2037 Senior Notes (2)
 
800

 
844

 
—

 
—

Credit facilities (3)
 
—

 
—

 
538

 
538

 
(1)
Includes 2021 Senior Notes, 2022 Senior Notes, 2023 Senior Notes, 2024 Senior Notes, 2025 Senior Notes, 2026 Senior Notes, 2027 Senior Notes and 2028 Senior Notes. The Level 2 estimated fair value was based on quotes obtained from broker-dealers or market makers of these senior notes and other similar instruments.
(2)
The Level 3 estimated fair value was calculated based on inputs that are observable in the market or that could be derived from, or corroborated with, observable market data, including interest rates based on debt issued by parties with comparable credit ratings to us and inputs that are not observable in the market. 
(3)
Includes 2015 Credit Facilities and Working Capital Facility. The Level 3 estimated fair value approximates the principal amount because the interest rates are variable and reflective of market rates and the debt may be repaid, in full or in part, at any time without penalty.