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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Schedule of debt
 
March 31, 2020
 
December 31, 2019
(Dollars in millions)
Final
Maturity
 
Rates
 
Face Value
 
Book Value
 
Book Value
Secured debt
 
 
 
 
 
 
CRC Revolving Credit Facility
2022
 
variable (1)
 
$
975

 
$
975

 
$
—

CRC Term Loan
2024
 
variable (2)
 
4,595

 
4,534

 
4,541

CEOC LLC Revolving Credit Facility
2022
 
variable (3)
 
161

 
161

 
—

CEOC LLC Term Loan
2024
 
variable (1)
 
1,216

 
1,216

 
1,218

Unsecured debt
 
 
 
 
 
 
CEC Convertible Notes
2024
 
5.00%
 
1,085

 
1,058

 
1,058

CRC Notes
2025
 
5.25%
 
1,700

 
1,672

 
1,672

Special Improvement District Bonds
2037
 
4.30%
 
53

 
53

 
53

Total debt
 
9,785

 
9,669

 
8,542

Current portion of long-term debt
 
(876
)
 
(876
)
 
(64
)
Long-term debt
 
$
8,909

 
$
8,793

 
$
8,478

 
 
 
 
 
 
 
Unamortized premiums, discounts and deferred finance charges
 
 
 
$
116

 
$
123

Fair value
 
$
8,074

 
 
 
 
____________________
(1) 
LIBOR plus 2.00%.
(2) 
LIBOR plus 2.75%.
(3) 
LIBOR plus 1.88%.
Schedule of annual estimated debt service requirements
Annual Estimated Debt Service Requirements as of March 31, 2020
 
Remaining
 
Years Ended December 31,
 
 
 
 
(In millions)
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
 
Total
Annual maturities of long-term debt
$
864

 
$
49

 
$
359

 
$
49

 
$
6,721

 
$
1,743

 
$
9,785

Estimated interest payments
380

 
440

 
410

 
350

 
340

 
100

 
2,020

Total debt service obligation (1)
$
1,244

 
$
489

 
$
769

 
$
399

 
$
7,061

 
$
1,843

 
$
11,805

___________________
(1) 
Debt principal payments are estimated amounts based on maturity dates and borrowings under our revolving credit facilities. Interest payments are estimated based on the forward-looking LIBOR curve and include the estimated effect of the ten interest rate swap agreements (see Note 6). Actual payments may differ from these estimates.