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DEBT (Tables)
12 Months Ended
Dec. 31, 2016
DEBT  
Schedule of Long-term Debt

 

 

 

December 31,

 

 

 

2016

 

2015

 

 

 

(in millions)

 

2014 First-Out Credit Facilities (Secured First Lien)

 

 

 

 

 

Revolving Credit Facility

 

$

847

 

$

739

 

Term Loan Facility

 

650

 

1,000

 

2016 Second-Out Credit Agreement (Secured First Lien)

 

1,000

 

 

Senior Notes (Secured Second Lien)

 

 

 

 

 

8% Notes Due 2022

 

2,250

 

2,250

 

Senior Unsecured Notes

 

 

 

 

 

5% Notes Due 2020

 

193

 

433

 

5½% Notes Due 2021

 

135

 

829

 

6% Notes Due 2024

 

193

 

892

 

 

 

 

 

 

 

Total Debt - Principal Amount

 

5,268

 

6,143

 

Less Current Maturities of Long-Term Debt

 

(100

)

(100

)

 

 

 

 

 

 

Long-Term Debt - Principal Amount

 

$

5,168

 

$

6,043

 

 

 

 

 

 

 

 

 

 

Principal maturities of long-term debt outstanding

Principal maturities of long-term debt outstanding at December 31, 2016 are as follows (in millions):

 

2017

 

$

100 

 

2018

 

100 

 

2019

 

1,297 

 

2020

 

193 

 

2021

 

1,561 

 

Thereafter

 

2,017 

 

 

 

 

 

Total(a)

 

$

5,268 

 

 

 

 

 

 

 

(a)

For information on potential springing maturities, see the “Credit Facilities” and “Senior Notes” sections above.