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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2011
Long-term debt  
Schedule of long-term debt

 

(dollars in millions)

 

June 30,
2011

 

December 31,
2010

 

Senior Secured Term Loan due 2014

 

$

1,680

 

$

1,680

 

Senior Notes due 2014 (9.25%)

 

807

 

1,250

 

Floating Rate Senior Notes due 2015 (4.215% as of June 30, 2011 and 4.344% as of December 31, 2010)

 

300

 

300

 

Senior Notes due 2017 (8.75%)

 

700

 

700

 

Senior Notes due 2018 (10.0%)

 

640

 

640

 

Senior Notes due 2019 (11.875%)

 

605

 

 

Senior Notes due 2019 (9.375%)

 

500

 

 

Senior Notes due 2019 (8.125%)

 

600

 

 

Convertible Senior Notes due 2011 (5.25%)

 

 

196

 

Convertible Senior Notes due 2012 (3.5%)

 

294

 

294

 

Convertible Senior Notes due 2013 (15.0%)

 

400

 

400

 

Convertible Senior Discount Notes due 2013 (9.0%)

 

 

295

 

Convertible Senior Notes due 2015 (7.0%)

 

200

 

200

 

Convertible Senior Notes due 2015 Series B (7.0%)

 

275

 

275

 

Convertible Senior Notes due 2016 (6.5%)

 

201

 

201

 

Commercial Mortgage due 2015 (9.86%)

 

66

 

67

 

Capital Leases

 

28

 

29

 

Total Debt Obligations

 

7,296

 

6,527

 

Unamortized (Discount) Premium:

 

 

 

 

 

Discount on Senior Secured Term Loan due 2014

 

(1

)

(1

)

Premium on Senior Notes due 2014 (9.25%)

 

4

 

7

 

Discount on Senior Notes due 2018 (10.0%)

 

(11

)

(12

)

Discount on Senior Notes due 2019 (11.875%)

 

(11

)

 

Discount on Senior Notes due 2019 (9.375%)

 

(10

)

 

Discount on Senior Notes due 2019 (8.125%)

 

(4

)

 

Discount on Convertible Senior Notes due 2011 (5.25%)

 

 

(20

)

Discount on Convertible Senior Notes due 2012 (3.5%)

 

(20

)

(29

)

Discount on Convertible Senior Notes due 2015 (7.0%)

 

(3

)

(3

)

Discount due to embedded derivative contracts

 

(16

)

(21

)

Total Unamortized (Discount) Premium

 

(72

)

(79

)

Carrying Value of Debt

 

7,224

 

6,448

 

Less current portion

 

(875

)

(180

)

Long-term Debt, less current portion

 

$

6,349

 

$

6,268

 

 

Schedule of aggregate future contractual maturities of long-term debt and capital leases (excluding issue discounts, premiums and fair value adjustments)

 

2011 (remaining six months)

 

$

2

 

2012

 

899

 

2013

 

406

 

2014

 

2,494

 

2015

 

832

 

2016

 

204

 

Thereafter

 

2,459

 

 

 

$

7,296

 

 

Senior Notes due 2019 (8.125%)
 
Long-term debt  
Schedule of redemption prices of Senior Notes

 

Year

 

Redemption
Price

 

2015

 

104.063

%

2016

 

102.031

%

2017

 

100.000

%

Senior Notes due 2019 (11.875%)
 
Long-term debt  
Schedule of redemption prices of Senior Notes

Year

 

Redemption
Price

 

2015

 

105.938

%

2016

 

102.969

%

2017

 

100.000

%

Senior Notes due 2019 (9.375%)
 
Long-term debt  
Schedule of redemption prices of Senior Notes

 

Year

 

Redemption
Price

 

2015

 

104.688

%

2016

 

102.344

%

2017

 

100.000

%