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Interest expense (Tables)
 12 Months Ended
Dec. 31, 2019
Interest Expense [Abstract]  
Net interest expense
Interest expense consists of the following:
 
Successor
 
 
Predecessor
 (In $ millions)
Year ended December 31,
2019

 
Period from July 2, 2018 through December 31, 2018

 
 
Period from January 1, 2018 through July 1, 2018

 
Year ended December 31,
2017

Cash and payment-in-kind interest on debt facilities
(440
)
 
(237
)
 
 
(37
)
 
(286
)
Unwind of discount debt
(47
)
 
(24
)
 
 
—

 
—

Loan fee amortization
—

 
—

 
 
(1
)
 
(27
)
Capitalized interest
—

 
—

 
 
—

 
28

Interest expense
(487
)
 
(261
)
 
 
(38
)
 
(285
)
1) Cash and payment-in-kind interest on debt facilities
We incur cash and payment-in-kind interest on our debt facilities. This is summarized in the table below.
 
Successor
 
 
Predecessor
 (In $ millions)
Year ended December 31,
2019

 
Period from July 2, 2018 through December 31, 2018

 
 
Period from January 1, 2018 through July 1, 2018

 
Year ended December 31,
2017

Senior credit facilities and unsecured bonds
(327
)
 
(162
)
 
 
(116
)
 
(320
)
Less: adequate protection payments
—

 
—

 
 
104

 
81

Senior Secured Notes
(66
)
 
(50
)
 
 
—

 
—

Debt of consolidated variable interest entities
(47
)
 
(25
)
 
 
(25
)
 
(47
)
Cash and payment-in-kind interest
(440
)
 
(237
)
 
 
(37
)
 
(286
)