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Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Summary of Long-term Debt
Long-term debt consisted of the following:
September 30, 2020December 31,
2019
(Dollars in millions)Final
Maturity		RatesFace ValueBook ValueBook Value
Secured Debt
CEI Senior Secured Notes20256.25%$3,400 $3,330 $— 
CEI Revolving Credit Facility2025
variable (a)
900 880 — 
ERI Term LoanN/AN/A— — 491 
CRC Term Loan B2024
variable (b)
4,571 4,120 — 
CRC Term Loan B-12025
variable (c)
1,800 1,709 — 
CRC Revolving Credit Facility2022
variable (d)
— — — 
CRC Senior Secured Notes20255.75%1,000 978 — 
Convention Center Mortgage Loan20257.70%400 397 — 
Lumière LoanN/AN/A— — 246 
Unsecured Debt
CEI Senior Notes20278.13%1,800 1,767 — 
CRC Notes20255.25%1,700 1,490 — 
5% Convertible Notes
20245.00%597 546 — 
6% Senior Notes
2026N/A— — 582 
6% Senior Notes
2025N/A— — 879 
7% Senior Notes
2023N/A— — 370 
Special Improvement District Bonds20374.30%51 51 — 
Long-term notes and other payables2 2 3 
Total debt16,221 15,270 2,571 
Current portion of long-term debt(67)(67)(246)
Long-term debt$16,154 $15,203 $2,325 
Unamortized premiums, discounts and deferred finance charges (e)
$951 $34 
Fair value$16,135 
____________________
(a)Prime rate plus 2.25%.
(b)LIBOR plus 2.75%.
(c)$1.2 billion at 1 month LIBOR plus 4.50% and $600 million at 3 month LIBOR plus 4.50%.
(d)LIBOR plus 2.00%.
(e)Approximately $7 million of deferred financing costs related to our revolving credit facilities are included within Other assets, net as of December 31, 2019.
Schedule of Maturities of Long-term Debt
Annual Estimated Debt Service Requirements as of September 30, 2020
RemainingYears Ended December 31,
(In millions)20202021202220232024ThereafterTotal
Annual maturities of long-term debt$16 $67 $67 $67 $5,036 $10,968 $16,221 
Estimated interest payments200 850 820 790 790 690 4,140 
Total debt service obligation (a)
$216 $917 $887 $857 $5,826 $11,658 $20,361 
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(a)Debt principal payments are estimated amounts based on maturity dates and potential borrowings under our revolving credit facilities. Interest payments are estimated based on the forward-looking LIBOR curve and include the estimated impact of the ten interest rate swap agreements related to our CRC Credit Facility (see Note 11). Actual payments may differ from these estimates.