Debt and Banking Arrangements

9 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Debt and Banking Arrangements [Text Block]

Note 11 – Debt and Banking Arrangements

Long-Term Debt

Retirements

We retired approximately $32 million of 7.625 percent senior unsecured notes that matured on July 15, 2019.

Commercial Paper Program

At September 30, 2019, no commercial paper was outstanding under our $4 billion commercial paper program.

Credit Facilities

	September 30, 2019
	Stated Capacity		Outstanding
	(Millions)
Long-term credit facility (1)	$	4,500	$	—
Letters of credit under certain bilateral bank agreements			14

(1)

In managing our available liquidity, we do not expect a maximum outstanding amount in excess of the capacity of our credit facility inclusive of any outstanding amounts under our commercial paper program.