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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Fair Value of Debt and Hierarchy Level Used to Estimate Fair Values

The fair value of our debt and the hierarchy level we used to estimate fair values are shown below:

 

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Hierarchy
Level

 

 

Carrying
Amount

 

 

Fair Value

 

 

Carrying
Amount

 

 

Fair Value

 

 

 

 

 

 

(in millions)

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SF Mortgage Loan

 

 

3

 

 

$

725

 

 

$

705

 

 

$

725

 

 

$

733

 

HHV Mortgage Loan

 

 

3

 

 

 

1,275

 

 

 

1,207

 

 

 

1,275

 

 

 

1,282

 

Other mortgage loans

 

 

3

 

 

 

499

 

 

 

477

 

 

 

503

 

 

 

491

 

2019 Term Facility

 

 

3

 

 

 

78

 

 

 

73

 

 

 

78

 

 

 

76

 

2025 Senior Secured Notes

 

 

1

 

 

 

650

 

 

 

651

 

 

 

650

 

 

 

688

 

2028 Senior Secured Notes

 

 

1

 

 

 

725

 

 

 

662

 

 

 

725

 

 

 

761

 

2029 Senior Secured Notes

 

 

1

 

 

 

750

 

 

 

645

 

 

 

750

 

 

 

771