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Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.3.0.814
Debt (Tables)
9 Months Ended
Sep. 30, 2015
Long-term Debt, Unclassified [Abstract] Ìý
Schedule of Long-term Debt Instruments

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Outstanding

Ìý

CarryingÌývalue

Ìý

ÌýÌýÌýÌý

Principal

ÌýÌýÌýÌý

September 30,

ÌýÌýÌýÌý

December 31,

Ìý

Ìý

September 30, 2015

Ìý

2015

Ìý

2014

Ìý

Ìý

amountsÌýinÌýmillions

Corporate level notes and loans:

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Liberty 1.375% Cash Convertible Notes due 2023

Ìý

$

1,000

Ìý

Ìý

960

Ìý

990

Margin Loans

Ìý

Ìý

250

Ìý

Ìý

250

Ìý

250

Subsidiary notes and loans

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

SIRIUS XM 5.875% Senior Notes due 2020

Ìý

Ìý

650

Ìý

Ìý

644

Ìý

644

SIRIUS XM 5.75% Senior Notes due 2021

Ìý

Ìý

600

Ìý

Ìý

596

Ìý

595

SIRIUS XM 5.25% Senior Secured Notes due 2022

Ìý

Ìý

400

Ìý

Ìý

407

Ìý

407

SIRIUS XM 4.25% Senior Notes due 2020

Ìý

Ìý

500

Ìý

Ìý

496

Ìý

496

SIRIUS XM 4.625% Senior Notes due 2023

Ìý

Ìý

500

Ìý

Ìý

495

Ìý

495

SIRIUS XM 6% Senior Notes due 2024

Ìý

Ìý

1,500

Ìý

Ìý

1,485

Ìý

1,484

SIRIUS XM 5.375% Senior Notes due 2025

Ìý

Ìý

1,000

Ìý

Ìý

989

Ìý

Ìý—

SIRIUS XM Credit Facility

Ìý

Ìý

290

Ìý

Ìý

290

Ìý

380

Other subsidiary debt

Ìý

Ìý

190

Ìý

Ìý

190

Ìý

111

Total debt

Ìý

$

6,880

Ìý

Ìý

6,802

Ìý

5,852

Less debt classified as current

Ìý

Ìý

Ìý

Ìý

Ìý

(256)

Ìý

(257)

Total long-term debt

Ìý

Ìý

Ìý

Ìý

$

6,546

Ìý

5,595

Ìý

Value of shares pledged as collateral pursuant to the margin loan agreements

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

NumberÌýofÌýSharesÌýPledged

ÌýÌýÌýÌý

Ìý

Ìý

Ìý

Ìý

Ìý

asÌýCollateralÌýasÌýof

Ìý

ShareÌývalueÌýasÌýof

Ìý

Investment

Ìý

September 30, 2015

Ìý

September 30, 2015

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

SIRIUS XM

Ìý

150.0

Ìý

$

561

Ìý

Live Nation

Ìý

12.0

Ìý

$

288

Ìý

Time Warner, Inc.

Ìý

3.6

Ìý

$

249

Ìý

Ìý

Fair Value of Debt

The fair value, based on quoted market prices of the same instruments but not considered to be active markets (LevelÌý2), of SIRIUS XM's publicly traded debt securities, not reported at fair value, are as follows (amounts in millions):

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

ÌýÌýÌýÌý

September 30, 2015

Ìý

SIRIUS XM 5.875% Senior Notes due 2020

Ìý

$

665

Ìý

SIRIUS XM 5.75% Senior Notes due 2021

Ìý

$

605

Ìý

SIRIUS XM 5.25% Senior Secured Notes due 2022

Ìý

$

414

Ìý

SIRIUS XM 4.25% Senior Notes due 2020

Ìý

$

495

Ìý

SIRIUS XM 4.625% Senior Notes due 2023

Ìý

$

470

Ìý

SIRIUS XM 6% Senior Notes due 2024

Ìý

$

1,509

Ìý

SIRIUS XM 5.375% Senior Notes due 2025

Ìý

$

956

Ìý

Ìý