Annual report pursuant to Section 13 and 15(d)

Debt - Schedule of Debt Instruments (Details)

v3.22.4
Debt - Schedule of Debt Instruments (Details) - USD ($)
 2 Months Ended 12 Months Ended
Jan. 05, 2022
Feb. 16, 2023
Dec. 31, 2022
Feb. 17, 2023
Dec. 31, 2021
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 25,086,000,000   $ 30,406,000,000
Current portion of long-term debt     (813,000,000)   (117,000,000)
Short-term Debt     0   (250,000,000)
Unamortized premium, discount and debt issuance costs, net     (218,000,000)   (590,000,000)
Total Long-Term Debt, Net of Premium, Discount and Debt Issuance Costs     24,055,000,000   29,449,000,000
Debt issuance costs and debt discount, net of accumulated amortization     60,000,000   34,000,000
SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     12,132,000,000   13,132,000,000
2023 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 0   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.625%    
2024 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 2,000,000,000   2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.75%    
2025 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 2,000,000,000   2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.625%    
2026 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,500,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.875%    
2027 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,500,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.00%    
2028 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,350,000,000   1,350,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.20%    
2030 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 2,000,000,000   2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.50%    
2037 SPL Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,782,000,000   1,282,000,000
2037 SPL Senior Notes [Member] | Weighted Average [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage     4.746%    
SPL Working Capital Facility [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 0   0
CQP Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     4,200,000,000   4,200,000,000
2029 CQP Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,500,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.50%    
2031 CQP Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,500,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.00%    
2032 CQP Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,200,000,000   1,200,000,000
Debt Instrument, Interest Rate, Stated Percentage     3.25%    
CQP Credit Facilities [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 0   0
CCH Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     7,254,000,000   8,471,000,000
2024 CCH Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [1]     $ 498,000,000   1,250,000,000
Debt Instrument, Interest Rate, Stated Percentage     7.00%    
Debt issuance costs and debt discount, net of accumulated amortization     $ 3,000,000    
2025 CCH Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,491,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.875%    
CCH Senior Notes due 2027, 2029 and 2039 [Member] | Subsequent Event [Member]          
Debt Instrument [Line Items]          
Unamortized premium, discount and debt issuance costs, net       $ (4,000,000)  
Repayments of Debt   $ 322,000,000      
2027 CCH Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [2]     $ 1,271,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     5.125%    
2029 CCH Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [2]     $ 1,361,000,000   1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage     3.70%    
2039 CCH Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [2]     $ 2,633,000,000   2,721,000,000
2039 CCH Senior Notes [Member] | Weighted Average [Member]          
Debt Instrument [Line Items]          
Debt Instrument, Interest Rate, Stated Percentage     3.751%    
CCH Credit Facility [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 0   1,728,000,000
CCH Working Capital Facility [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [3]     0   250,000,000
Short-term Debt [4],[5]     $ 0    
2028 Cheniere Senior Secured Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount         2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.625%    
2045 Cheniere Convertible Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [6]         625,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.25%    
Repayments of Debt $ 625,000,000        
Cheniere Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount         0
Cheniere Marketing Trade Finance Facilities [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount [3]     $ 0   0
SPL [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     12,132,000,000   13,132,000,000
CQP [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     4,200,000,000   4,200,000,000
Debt Instrument, Secured Debt Condition, Secured Indebtedness and Attributable Indebtedness Threshold, Monetary Amount     $ 1,500,000,000    
Debt Instrument, Secured Debt Condition, Secured Indebtedness and Attributable Indebtedness Threshold, Percentage of Net Tangible Assets     10.00%    
CCH [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 7,254,000,000   10,449,000,000
Cheniere [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     1,500,000,000   2,625,000,000
Unamortized premium, discount and debt issuance costs, net     (23,000,000)   (340,000,000)
Total Long-Term Debt, Net of Premium, Discount and Debt Issuance Costs     1,477,000,000   2,285,000,000
Cheniere [Member] | 2028 Cheniere Senior Secured Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 1,500,000,000   2,000,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.625%    
Cheniere [Member] | 2045 Cheniere Convertible Senior Notes [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 0 [6]   625,000,000
Debt Instrument, Interest Rate, Stated Percentage     4.25%    
Cheniere [Member] | Cheniere Revolving Credit Facility [Member]          
Debt Instrument [Line Items]          
Debt, Long-term and Short-term, Combined Amount     $ 0   $ 0
[1] In January 2023, we redeemed the remaining outstanding principal balance of the 2024 CCH Senior Notes with cash that was on hand at December 31, 2022. Therefore, the outstanding principal balance redeemed was classified as current portion of long-term debt as of December 31, 2022, net of discount and debt issuance costs of $3 million.
[2] Subsequent to December 31, 2022 and through February 16, 2023, we executed bond repurchases totaling $322 million, inclusive of CCH’s Senior Secured Notes due 2027, 2029 and 2039 on the open market. These bonds were repurchased with cash that was on hand at December 31, 2022; therefore, the amounts repurchased are classified as current portion of long-term debt as of December 31, 2022, net of discount and debt issuance costs of $4 million.
[3] These debt instruments are classified as short-term debt.
[4] The obligations of CCH under the CCH Working Capital Facility are secured by substantially all of the assets of CCH and the CCH Guarantors as well as all of the membership interests in CCH and each of the CCH Guarantors on a pari passu basis with the CCH Senior Secured Notes and the CCH Credit Facility.
[5] In June 2022, CCH amended and restated the CCH Credit Facility and the CCH Working Capital Facility resulting in $20 million of debt extinguishment and modification costs to, among other things, (1) provide incremental commitments of $3.7 billion and $300 million for the CCH Credit Facility and the CCH Working Capital Facility, respectively, in connection with the FID with respect to the Corpus Christi Stage 3 Project, (2) extend the maturity, (3) update the indexed interest rate to SOFR and (4) make certain other changes to the terms and conditions of each existing facility.
[6] The redemption of these notes was financed with borrowings under the Cheniere Revolving Credit Facility, which is a long-term debt instrument. Therefore, the 2045 Cheniere Convertible Senior Notes were classified as long-term debt as of December 31, 2021. See Convertible Notes section below for further discussion of the redemption.