Debt (Tables)
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12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2015 |
| Long-term Debt, Unclassified [Abstract] |
Ìý
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Ìý
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| Schedule of Long-term Debt Instruments |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Outstanding
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Ìý
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CarryingÌývalue
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Ìý
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Ìý
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ÌýÌýÌýÌý
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Principal
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ÌýÌýÌýÌý
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DecemberÌý31,
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ÌýÌýÌýÌý
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DecemberÌý31,
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Ìý
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Ìý
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Ìý
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DecemberÌý31,Ìý2015
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Ìý
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Ìý2015
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Ìý
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Ìý2014
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Ìý
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Ìý
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Ìý
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amountsÌýinÌýmillions
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Ìý
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Corporate level notes and loans:
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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èßäÉçÇø 1.375% Cash Convertible Notes due 2023
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Ìý
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$
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1,000
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Ìý
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Ìý
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995
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Ìý
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990
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Ìý
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Margin loans
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Ìý
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Ìý
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250
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Ìý
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Ìý
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250
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Ìý
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250
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Ìý
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Other
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Ìý
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Ìý
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38
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Ìý
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Ìý
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38
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Ìý
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Ìý—
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Ìý
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Subsidiary notes and loans:
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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SIRIUS XM 5.875% Senior Notes due 2020
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Ìý
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Ìý
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650
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Ìý
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Ìý
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645
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Ìý
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644
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Ìý
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SIRIUS XM 5.75% Senior Notes due 2021
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Ìý
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Ìý
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600
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Ìý
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Ìý
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596
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Ìý
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595
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Ìý
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SIRIUS XM 5.25% Senior Secured Notes due 2022
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Ìý
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Ìý
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400
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Ìý
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Ìý
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406
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Ìý
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407
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Ìý
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SIRIUS XM 4.25% Senior Notes due 2020
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Ìý
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Ìý
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500
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Ìý
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Ìý
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496
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Ìý
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496
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Ìý
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SIRIUS XM 4.625% Senior Notes due 2023
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Ìý
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Ìý
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500
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Ìý
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Ìý
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496
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Ìý
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495
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Ìý
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SIRIUS XM 6% Senior Notes due 2024
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Ìý
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Ìý
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1,500
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Ìý
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Ìý
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1,485
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Ìý
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1,484
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Ìý
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SIRIUS XM 5.375% Senior Notes due 2025
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Ìý
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Ìý
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1,000
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Ìý
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Ìý
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989
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Ìý
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Ìý—
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Ìý
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SIRIUS XM Credit Facility
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Ìý
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Ìý
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340
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Ìý
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Ìý
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340
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Ìý
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380
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Ìý
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Other subsidiary debt
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Ìý
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Ìý
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160
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Ìý
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Ìý
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160
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Ìý
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111
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Ìý
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Total debt
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Ìý
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$
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6,938
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Ìý
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Ìý
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6,896
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Ìý
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5,852
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Ìý
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Less debt classified as current
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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(255)
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Ìý
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(257)
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Ìý
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Less deferred financing costs, net
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Ìý
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Ìý
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Ìý
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Ìý
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(15)
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Ìý
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(7)
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Ìý
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Total long-term debt
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Ìý
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Ìý
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Ìý
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Ìý
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$
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6,626
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Ìý
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5,588
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Ìý
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Ìý
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Ìý
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| Value of shares pledged as collateral pursuant to the margin loan agreements |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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ÌýÌýÌýÌý
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NumberÌýofÌýsharesÌýpledged
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ÌýÌýÌýÌý
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ÌýÌýÌýÌý
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Ìý
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Ìý
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Ìý
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Ìý
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asÌýcollateralÌýasÌýof
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Ìý
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ShareÌývalueÌýasÌýof
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Ìý
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Investment
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ÌýÌýÌýÌý
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DecemberÌý31,Ìý2015
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ÌýÌýÌýÌý
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DecemberÌý31,Ìý2015
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Ìý
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Ìý
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amountsÌýinÌýmillions
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Ìý
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SIRIUS XM
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Ìý
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145.4
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Ìý
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$
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592
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Ìý
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Live Nation
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Ìý
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4.2
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Ìý
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$
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104
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Ìý
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Ìý
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Ìý
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| Fair Value of Debt |
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The fair value, based on quoted market prices of the same instruments but not considered to be active markets (Level 2), of SIRIUS XM's publicly traded debt securities is as follows (amounts in millions):
Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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ÌýÌýÌýÌý
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DecemberÌý31,
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Ìý
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Ìý
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Ìý
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2015
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Ìý
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SIRIUS XM 5.875% Senior Notes due 2020
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Ìý
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$
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681
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Ìý
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SIRIUS XM 5.75% Senior Notes due 2021
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Ìý
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$
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618
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Ìý
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SIRIUS XM 5.25% Senior Secured Notes due 2022
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Ìý
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$
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423
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Ìý
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SIRIUS XM 4.25% Senior Notes due 2020
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Ìý
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$
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507
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Ìý
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SIRIUS XM 4.625% Senior Notes due 2023
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Ìý
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$
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490
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Ìý
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SIRIUS XM 6% Senior Notes due 2024
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Ìý
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$
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1,567
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Ìý
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SIRIUS XM 5.375% Senior Notes due 2025
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Ìý
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$
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1,010
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Ìý
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Ìý
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| Schedule of Maturities of Long-term Debt |
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The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions):
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Ìý
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Ìý
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2016
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ÌýÌýÌýÌý
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$
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256
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Ìý
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2017
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Ìý
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$
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5
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Ìý
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2018
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Ìý
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$
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46
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Ìý
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2019
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Ìý
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$
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3
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Ìý
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2020
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Ìý
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$
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