Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v2.4.0.8
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2014
Long-term Debt, Unclassified [Abstract]  
Schedule of Long-term Debt Instruments [Table Text Block]
Debt is summarized as follows:
 
 
 
Carrying value
 
Outstanding Principal March 31, 2014
 
 
March 31,
2014
 
December 31,
2013
 
amounts in millions
Corporate level notes and loans:
 
 
 
 
 
Liberty 1.375% Cash Convertible Notes due 2023
$
1,000

 
942

 
1,002

Margin Loans
250

 
250

 
920

Subsidiary notes and loans
 
 
 
 
 
SIRIUS XM 7% Exchangeable Senior Subordinated Notes due 2014
491

 
513

 
520

SIRIUS XM 5.875% Senior Notes due 2020
650

 
643

 
643

SIRIUS XM 5.75% Senior Notes due 2021
600

 
595

 
594

SIRIUS XM 5.25% Senior Notes due 2022
400

 
407

 
407

SIRIUS XM 4.25% Senior Notes due 2020
500

 
495

 
494

SIRIUS XM 4.625% Senior Notes due 2023
500

 
495

 
495

SIRIUS XM Credit Facility
310

 
310

 
460

      Other subsidiary debt
18

 
18

 
20

Total debt
$
4,719

 
4,668

 
5,555

Less debt classified as current
 
 
(770
)
 
(777
)
Total long-term debt
 
 
$
3,898

 
4,778

Value of shares pledged as collateral pursuant to the margin loan agreements
As of March 31, 2014, the value of shares pledged as collateral pursuant to the margin loan agreements are as follows:
 
 
Number of Shares Pledged
 
 
 
 
as Collateral as of
 
Share value as of
Investment
 
March 31, 2014
 
March 31, 2014
 
 
amounts in millions
SIRIUS XM
 
719.9

 
$
2,304

Live Nation
 
8.1

 
$
175

Time Warner, Inc.
 
3.6

 
$
237

Viacom, Inc.
 
3.5

 
$
300

Time Warner Cable, Inc.
 
1.1

 
$
153


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, not reported at fair value, are as follows (amounts in millions):
 
March 31, 2014
SIRIUS XM 5.875% Senior Notes due 2020
$
686

SIRIUS XM 5.75% Senior Notes due 2021
$
626

SIRIUS XM 7% Exchangeable Senior Subordinated Notes due 2014
$
872

SIRIUS XM 5.25% Senior Notes due 2022
$
414

SIRIUS XM 4.25% Senior Notes due 2020
$
488

SIRIUS XM 4.625% Senior Notes due 2023
$
473