Debt (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt

Debt balances, including obligations for capital leases, and associated interest rates as of March 31, 2017, were:

			Principal balance as of
	Interest Rate at March 31, 2017	Maturity Date	March 31, 2017			December 31, 2016
			(in millions)
Commercial mortgage-backed securities loan	4.11%	November 2023	$	725		$	725
Commercial mortgage-backed securities loan	4.20%	December 2026		1,275			1,275
Mortgage loans	Average rate of 4.00%	2020 to 2026(1)		207			207
Term loan	L + 1.45%	December 2021		750			750
Revolving credit facility(2)	L + 1.50%	December 2021(1)		—			—
Unsecured notes	7.50%	December 2017		55			55
Capital lease obligations	Average rate of 7.00%	2019 to 2094		14			14
				3,026			3,026
Less: unamortized deferred financing costs and    discount				(14	)		(14	)
			$	3,012		$	3,012

⁽¹⁾ Assumes the exercise of all extensions that are exercisable solely at our option.

⁽²⁾ $1 billion available under revolving credit facility.

Debt Maturities

The contractual maturities of our debt as of March 31, 2017 were:

Year	(in millions)
2017	$	55
2018		—
2019		—
2020(1)		12
2021		750
Thereafter		2,209
	$	3,026

⁽¹⁾ Assumes the exercise of all extensions that are exercisable solely at our option.