Availability under credit facilities

  
CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)(dollars in millions, except per share amounts and where indicated)  
2.    Accounts Payable and Accrued Liabilities  
Accounts payable and accrued liabilities consist of the following as of March 31, 2022 and December 31, 2021:   


|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, 2022 |  | December 31, 2021 |
| Accounts payable – trade | $ | 706  |  |  | $ | 724  |  |
| Deferred revenue | 482  |  |  | 461  |  |
| Accrued liabilities: |  |  |  |
| Programming costs | 2,117  |  |  | 2,036  |  |
| Labor | 1,042  |  |  | 1,304  |  |
| Capital expenditures | 1,294  |  |  | 1,281  |  |
| Interest | 1,179  |  |  | 1,099  |  |
| Taxes and regulatory fees | 836  |  |  | 592  |  |
| Property and casualty | 491  |  |  | 490  |  |
| Operating lease liabilities | 275  |  |  | 269  |  |
| Other | 964  |  |  | 1,205  |  |
|  | $ | 9,386  |  |  | $ | 9,461  |  |

  
3.    Long-Term DebtA summary of our debt as of March 31, 2022 and December 31, 2021 is as follows:   


|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  | March 31, 2022 |  |  |  | December 31, 2021 |
|  |  |  | Principal Amount |  | Carrying Value |  | Fair Value |  |  |  | Principal Amount |  | Carrying Value |  | Fair Value |
| Senior unsecured notes |  |  | $ | 25,150  |  |  | $ | 25,072  |  |  | $ | 23,755  |  |  |  |  | $ | 23,950  |  |  | $ | 23,882  |  |  | $ | 24,630  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Senior secured notes and debentures(a) |  |  | 59,975  |  |  | 60,398  |  |  | 60,198  |  |  |  |  | 56,525  |  |  | 57,011  |  |  | 64,346  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit facilities(b) |  |  | 9,804  |  |  | 9,752  |  |  | 9,741  |  |  |  |  | 10,723  |  |  | 10,668  |  |  | 10,665  |  |
|  |  |  | $ | 94,929  |  |  | $ | 95,222  |  |  | $ | 93,694  |  |  |  |  | $ | 91,198  |  |  | $ | 91,561  |  |  | $ | 99,641  |  |

  
(a)Includes the Company's £625 million and £650 million fixed-rate British pound sterling denominated notes (the “Sterling Notes”) remeasured using the exchange rate at the respective dates.(b)The Company has availability under the Charter Operating credit facilities of approximately $4.7 billion as of March 31, 2022.   
The estimated fair value of the Company’s senior unsecured and secured notes and debentures as of March 31, 2022 and December 31, 2021 is based on quoted market prices in active markets and is classified within Level 1 of the valuation hierarchy, while the estimated fair value of the Company’s credit facilities is based on quoted market prices in inactive markets and is classified within Level 2.  
In January 2022, CCO Holdings, LLC ("CCO Holdings") and CCO Holdings Capital Corp. jointly issued $1.2 billion of 4.750% senior unsecured notes due February 2032 at par. The net proceeds were used for general corporate purposes, including to fund buybacks of Charter Class A common stock and Charter Holdings common units, to repay certain indebtedness and to pay related fees and expenses.  
In March 2022, Charter Operating and Charter Communications Operating Capital Corp. jointly issued $1.0 billion aggregate principal amount of 4.400% senior secured notes due April 2033 at a price of 99.634% of the aggregate principal amount, $1.5 billion aggregate principal amount of 5.250% senior secured notes due April 2053 at a price of 99.300% of the aggregate principal amount and $1.0 billion aggregate principal amount of 5.500% senior secured notes due April 2063 at a price of 99.255% of the aggregate principal amount. The net proceeds were used for general corporate purposes, including to fund   
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