Debt and Banking Arrangements

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt and Banking Arrangements [Text Block]

Note 6 – Debt and Banking Arrangements

Issuances

Our senior unsecured public debt issuances for 2024 are as follows:

Issue Date	Maturity Date	Amount		Rate
		(Millions)
January 5, 2024	March 15, 2029	$	1,100	4.900%
January 5, 2024	March 15, 2034	1,000		5.150%
August 13, 2024	November 15, 2029	450		4.800%
August 13, 2024	March 15, 2034	300		5.150%
August 13, 2024	November 15, 2054	750		5.800%

Retirements

Our senior unsecured public debt retirements for 2024 are as follows:

Date of Retirement	Maturity Date	Amount		Rate
		(Millions)
March 4, 2024	March 4, 2024	$	1,000	4.300%
June 24, 2024	June 24, 2024	1,250		4.550%

Credit Facility

	September 30, 2024
	Stated Capacity		Outstanding
	(Millions)
Long-term credit facility (1)	$	3,750	$	—
Letters of credit under certain bilateral bank agreements			12

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(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.

Commercial Paper Program

At September 30, 2024, no commercial paper was outstanding under our $3.5 billion commercial paper program.