Debt and Banking Arrangements

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Debt and Banking Arrangements [Text Block]

Note 9 – Debt and Banking Arrangements

Long-Term Debt

Retirements

We retired $1.5 billion of 5.25 percent senior unsecured notes that matured on March 15, 2020.

We retired $14 million of 8.75 percent senior unsecured notes that matured on January 15, 2020.

Commercial Paper Program

At March 31, 2020, no commercial paper was outstanding under our $4 billion commercial paper program.

Credit Facilities

	March 31, 2020
	Stated Capacity		Outstanding
	(Millions)
Long-term credit facility (1)	$	4,500	$	1,700
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.