Debt and Banking Arrangements

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Debt and Banking Arrangements [Text Block]

Note 8 – Debt and Banking Arrangements

Long-Term Debt

Issuances and retirements

On March 2, 2021, we completed a public offering of $900 million of 2.6 percent senior unsecured notes due 2031.

Commercial Paper Program

At June 30, 2021, no Commercial paper was outstanding under our $4 billion commercial paper program.

Credit Facilities

	June 30, 2021
	Stated Capacity		Outstanding
	(Millions)
Long-term credit facility (1)	$	4,500	$	—
Letters of credit under certain bilateral bank agreements			17

(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.