Long-Term Debt and Capital Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2017

Debt

Schedule of debt and capital leases

	Outstanding		Carrying value
	Principal		March 31,		December 31,
	March 31, 2017		2017		2016
	amounts in millions
Expedia Holdings margin loan	$	350	$	350	350
Expedia 7.456% senior notes due 2018		500		537	544
Expedia 5.95% senior notes due 2020		750		832	837
Expedia 2.5% (€650 million) senior notes due 2022		694		737	727
Expedia 4.5% senior notes due 2024		500		522	523
Expedia 5.0% senior notes due 2026		750		786	787
Vitalize secured notes		12		12	13
Vitalize revolving line of credit due 2020		8		8	11
Capital lease obligations		2		2	3
Total debt and capital lease obligations	$	3,566		3,786	3,795
Less portion classified as current (1)				(14)	(7)
Total long-term debt and capital lease obligations			$	3,772	3,788

(1) Included in the Other current liabilities line in the condensed consolidated balance sheets as of March 31, 2017 and December 31, 2016.

Schedule of fair value of debt

The fair value, based on quoted market prices in less active markets (Level 2), of Expedia’s publicly traded debt securities is as follows (amounts in millions):

	March 31,
	2017
Expedia 7.456% senior notes due 2018	$	536
Expedia 5.95% senior notes due 2020	$	825
Expedia 2.5% (€650 million) senior notes due 2022 (1)	$	736
Expedia 4.5% senior notes due 2024	$	526
Expedia 5.0% senior notes due 2026	$	804

(1) Approximately 689 million Euro as of March 31, 2017.