FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of carrying value and fair value of notes and debentures

The following table sets forth the face value and fair value of our notes and debentures for the periods presented (in millions): 

	As of September 30, 2019				As of December 31, 2018
	Face Value (a)		Fair Value		Face Value (a)		Fair Value
Level 2:
STG:
6.125% Senior Unsecured Notes due 2022	$	500	$	510	$	500	$	504
5.875% Senior Unsecured Notes due 2026	350		366		350		326
5.625% Senior Unsecured Notes due 2024	550		566		550		516
5.375% Senior Unsecured Notes due 2021 (b)	—		—		600		599
5.125% Senior Unsecured Notes due 2027	400		402		400		353
Term Loan A (c)	—		—		96		92
Term Loan B	1,332		1,334		1,343		1,275
Term Loan B-2 (d)	1,300		1,303		—		—
DSG:
5.375% Senior Secured Notes due 2026 (d)	3,050		3,164		—		—
6.625% Senior Unsecured Notes due 2027 (d)	1,825		1,893		—		—
Term Loan (d)	3,300		3,321		—		—
Debt of variable interest entities	22		22		25		25
Debt of non-media subsidiaries	18		18		20		20

(a) Amounts are carried on our consolidated balance sheets net of debt discount and deferred financing cost, which are excluded in the above table, of $223 million and $33 million as of September 30, 2019 and December 31, 2018, respectively.

(b) The STG 5.375% Notes were redeemed, in full, in August 2019. For additional information, see Note 3. Notes Payable and Commercial Bank Financing.

(c) The STG Term Loan A debt was repaid in April 2019. For additional information, see Note 3. Notes Payable and Commercial Bank Financing.

(d)

The STG Term Loan B-2, DSG Senior Notes, and DSG Term Loan were issued in August 2019. For additional information, see Note 3. Notes Payable and Commercial Bank Financing.