Liberty Media Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2014

Long-term Debt, Unclassified [Abstract]


	Outstanding		Carrying value
	Principal		December 31,		December 31,
	December 31, 2014		2014		2013
	amounts in millions
Corporate level notes and loans:
Liberty 1.375% Cash Convertible Notes due 2023	$	1,000		990	1,002
Margin loans		250		250	920
Subsidiary notes and loans:
SIRIUS XM 7% Exchangeable Senior Subordinated Notes due 2014		—		—	520
SIRIUS XM 5.875% Senior Notes due 2020		650		644	643
SIRIUS XM 5.75% Senior Notes due 2021		600		595	594
SIRIUS XM 5.25% Senior Secured Notes due 2022		400		407	407
SIRIUS XM 4.25% Senior Notes due 2020		500		496	494
SIRIUS XM 4.625% Senior Notes due 2023		500		495	495
SIRIUS XM 6% Senior Notes due 2024		1,500		1,484	—
SIRIUS XM Credit Facility		380		380	460
Other subsidiary debt		111		111	20
Total debt	$	5,891		5,852	5,555
Less debt classified as current				(257)	(777)
Total long-term debt			$	5,595	4,778

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


	Number of Shares Pledged
	as Collateral as of	Share value as of
Investment	December 31, 2014	December 31, 2014
	amounts in millions
SIRIUS XM	150.0	$	525
Live Nation	12.0	$	313
Time Warner, Inc.	3.6	$	309
Viacom, Inc.	3.5	$	266
Time, Inc.	1.0	$	13

Fair Value of Debt

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):


	December 31,
	2014
SIRIUS XM 5.875% Senior Notes due 2020	$	672
SIRIUS XM 5.75% Senior Notes due 2021	$	619
SIRIUS XM 5.25% Senior Secured Notes due 2022	$	421
SIRIUS XM 4.25% Senior Notes due 2020	$	494
SIRIUS XM 4.625% Senior Notes due 2023	$	471
SIRIUS XM 6% Senior Notes due 2024	$	1,545

Schedule of Maturities of Long-term Debt

The annual principal maturities of outstanding debt obligations for each of the next five years is as follows (amounts in millions):


2015	$	257
2016	$	4
2017	$	381
2018	$	100
2019	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details