Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2018

Debt at December 2018 and December 2017 is shown in the table below. For information regarding the fair value of debt, see Note 13, Fair Value Measurements.



	Maturity at December	Average Interest Rates at December	December			December
(Dollars in Millions)	2018	2018	2018			2017
Notes	2020-2068	4.5%	$	14,558		$	11,591
Equipment Obligations^(a)	2019-2023	6.3%	195			213
Capital Leases	2020-2026	16.2%	4			5
Subtotal Long-term Debt (including current portion)			$	14,757		$	11,809
Less Debt Due within One Year			(18		)	(19		)
Long-term Debt (excluding current portion)			$	14,739		$	11,790

(a) Equipment obligations are secured by an interest in certain railroad equipment.

Schedule of Long-term Debt Maturities

Long-term Debt Maturities (Net of Discounts, Premiums and Issuance Costs)



(Dollars in Millions)	Maturities at
Fiscal Years Ending	December 2018
2019	$	18
2020	745
2021	371
2022	192
2023	639
Thereafter	12,792
Total Long-term Debt Maturities, including current portion	$	14,757

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details