Liberty Media Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2017


	Outstanding		Carrying value
	Principal		September 30,		December 31,
	September 30, 2017		2017		2016
	amounts in millions
Liberty SiriusXM Group
Corporate level notes and loans:
Margin Loans	$	250		250	250
Subsidiary notes and loans:
SIRIUS XM 5.75% Senior Notes due 2021		—		—	596
SIRIUS XM 5.25% Senior Secured Notes due 2022		—		—	405
SIRIUS XM 4.25% Senior Notes due 2020		—		—	497
SIRIUS XM 3.875% Senior Notes due 2022		1,000		992	—
SIRIUS XM 4.625% Senior Notes due 2023		500		496	496
SIRIUS XM 6% Senior Notes due 2024		1,500		1,488	1,487
SIRIUS XM 5.375% Senior Notes due 2025		1,000		991	990
SIRIUS XM 5.375% Senior Notes due 2026		1,000		990	989
SIRIUS XM 5.0% Senior Notes due 2027		1,500		1,486	—
SIRIUS XM Senior Secured Revolving Credit Facility		290		290	390
SIRIUS XM leases		9		9	14
Less deferred financing costs				(10)	(7)
Total Liberty SiriusXM Group		7,049		6,982	6,107
Braves Group
Subsidiary notes and loans:
Notes and loans		585		585	338
Less deferred financing costs				(9)	(10)
Total Braves Group		585		576	328
Formula One Group
Corporate level notes and loans:
1.375% Cash Convertible Notes due 2023		1,000		1,216	1,076
1% Cash Convertible Notes due 2023		450		536	—
2.25% Exchangeable Senior Debentures due 2046		445		474	470
Live Nation Margin Loan		350		350	—
Other		35		35	37
Subsidiary notes and loans:
Bank Loans		3,302		3,315	—
Delta Topco Exchangeable Notes		27		27	—
Less deferred financing costs				(19)	—
Total Formula One Group		5,609		5,934	1,583
Total debt	$	13,243		13,492	8,018
Less debt classified as current				(47)	(5)
Total long-term debt			$	13,445	8,013

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):


	September 30, 2017
SIRIUS XM 3.875% Senior Notes due 2022	$	1,020
SIRIUS XM 4.625% Senior Notes due 2023	$	514
SIRIUS XM 6% Senior Notes due 2024	$	1,612
SIRIUS XM 5.375% Senior Notes due 2025	$	1,054
SIRIUS XM 5.375% Senior Notes due 2026	$	1,051
SIRIUS XM 5.0% Senior Notes due 2027	$	1,532

- 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.

+ References

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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+ Details