Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2015

Long-term debt

Schedule of long-term debt

As of March 31, 2015 and December 31, 2014, long-term debt was as follows:

(dollars in millions)	March 31, 2015			December 31, 2014
Senior Secured Term Loan*	$	4,611		$	4,611
Floating Rate Senior Notes due 2018 (3.826% as of March 31, 2015 and December 31, 2014)	300			300
9.375% Senior Notes due 2019	500			500
8.125% Senior Notes due 2019	1,200			1,200
8.875% Senior Notes due 2019	300			300
8.625% Senior Notes due 2020	900			900
7% Senior Notes due 2020	775			775
6.125% Senior Notes due 2021	640			640
5.375% Senior Notes due 2022	1,000			1,000
5.75% Senior Notes due 2022	600			600
5.625% Senior Notes due 2023	500			—
7% Convertible Senior Notes due 2015	—			58
7% Convertible Senior Notes due 2015 Series B	—			275
Capital Leases	206			207
Total Debt Obligations	11,532			11,366
Unamortized Discount:
Discount on Senior Secured Term Loan	(20		)	(21		)
Discount on 9.375% Senior Notes due 2019	(6		)	(6		)
Discount on 8.125% Senior Notes due 2019	(6		)	(6		)
Total Unamortized Discount	(32		)	(33		)
Carrying Value of Debt	11,500			11,333
Less current portion	(510		)	(349		)
Long-term Debt, less current portion	$	10,990		$	10,984

* The $2 billion Tranche B Term Loan due 2022 had an interest rate of 4.5% as of March 31, 2015 and December 31, 2014, respectively. The $815 million Tranche B-III 2019 Term Loan due 2019 and the $1.796 billion Tranche B 2020 Term Loan due 2020 each had an interest rate of 4.0% as of March 31, 2015 and December 31, 2014.

Schedule of aggregate future contractual maturities of long-term debt and capital leases (excluding discounts)

Long-Term Debt Maturities

Aggregate future contractual maturities of long-term debt and capital leases (excluding discounts) were as follows as of March 31, 2015 (dollars in millions):

2015 (remaining nine months)	$	515
2016	8
2017	8
2018	308
2019	2,323
2020	3,478
Thereafter	4,892
	$	11,532