|
Long-Term Debt (Details) (USD $)
|
3 Months Ended |
1 Months Ended |
|
|
Mar. 31, 2015
|
Mar. 31, 2014
|
Apr. 30, 2015
|
Dec. 31, 2014
|
| Debt and Available Credit Facility |
|
|
|
|
| Long-term debt |
$ 4,726,000,000 |
|
|
$ 4,598,000,000 |
| Deferred financing costs |
85,000,000 |
|
|
90,000,000 |
| Amortization of deferred financing costs |
5,000,000 |
5,000,000 |
|
|
| Loss on extinguishment of debt |
0 |
17,000,000 |
|
|
| $2.75 billion RBL credit facility - due May 24, 2019 |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Face amount of debt instrument |
2,750,000,000 |
|
|
2,750,000,000 |
| Long-term debt |
980,000,000 |
|
|
852,000,000 |
| Borrowing capacity |
2,750,000,000.00 |
|
|
|
| Aggregate amount of borrowings |
980,000,000 |
|
|
|
| Letters of credit outstanding |
82,000,000 |
|
|
|
| Remaining capacity |
1,700,000,000 |
|
|
|
| $2.75 billion RBL credit facility - due May 24, 2019 | Subsequent event |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Borrowing capacity |
|
|
2,750,000,000.00 |
|
| Term loans and notes are retired or refinanced prior to maturity to complete semi-annual redetermination |
|
|
6 months |
|
| $750 million senior secured term loan - due May 24, 2018 |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Face amount of debt instrument |
750,000,000 |
|
|
750,000,000 |
| Long-term debt |
496,000,000 |
|
|
496,000,000 |
| Debt instrument issuance as a percentage of the par value |
99.00% |
|
|
|
| Effective interest rate (as a percent) |
3.50% |
|
|
3.50% |
| $750 million senior secured term loan - due May 24, 2018 | London Interbank Offered Rate LIBOR |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Reference rate for variable interest rate |
LIBOR |
|
|
|
| Specified margin on reference rate (as a percent) |
2.75% |
|
|
|
| $750 million senior secured term loan - due May 24, 2018 | London Interbank Offered Rate LIBOR | Minimum |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Reference rate for variable interest rate |
LIBOR |
|
|
|
| Reference rate floor for variable interest rate (as a percent) |
0.75% |
|
|
|
| $400 million senior secured term loan - due April 30, 2019 |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Face amount of debt instrument |
400,000,000 |
|
|
400,000,000 |
| Long-term debt |
150,000,000 |
|
|
150,000,000 |
| Effective interest rate (as a percent) |
4.50% |
|
|
4.50% |
| $400 million senior secured term loan - due April 30, 2019 | London Interbank Offered Rate LIBOR |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Reference rate for variable interest rate |
LIBOR |
|
|
|
| Specified margin on reference rate (as a percent) |
3.50% |
|
|
|
| $400 million senior secured term loan - due April 30, 2019 | London Interbank Offered Rate LIBOR | Minimum |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Reference rate for variable interest rate |
LIBOR |
|
|
|
| Reference rate floor for variable interest rate (as a percent) |
1.00% |
|
|
|
| $750 million senior secured notes - due May 1, 2019 |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Face amount of debt instrument |
750,000,000 |
|
|
750,000,000 |
| Interest rate (as a percent) |
6.875% |
|
|
|
| Long-term debt |
750,000,000 |
|
|
750,000,000 |
| $2.0 billion senior unsecured notes - due May 1, 2020 |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Face amount of debt instrument |
2,000,000,000 |
|
|
2,000,000,000 |
| Interest rate (as a percent) |
9.375% |
|
|
|
| Long-term debt |
2,000,000,000 |
|
|
2,000,000,000 |
| $350 million senior unsecured notes - due September 1, 2022 |
|
|
|
|
| Debt and Available Credit Facility |
|
|
|
|
| Face amount of debt instrument |
350,000,000 |
|
|
350,000,000 |
| Interest rate (as a percent) |
7.75% |
|
|
|
| Long-term debt |
$ 350,000,000 |
|
|
$ 350,000,000 |