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Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2020

Debt at December 2020 and December 2019 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)	2020	2020	2020		2019
Notes	2021-2068	4.0%	$	16,542	$	16,056
Equipment Obligations(a)	2021-2023	6.3%	160		178
Finance Leases	2020-2026	14.5%	3		4

Subtotal Long-term Debt (including current portion)			$	16,705	$	16,238
Less Debt Due within One Year			(401)		(245)
Long-term Debt (excluding current portion)			$	16,304	$	15,993

(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 2020
2021	$	401
2022	162
2023	139
2024	551
2025	601
Thereafter	14,851
Total Long-term Debt Maturities, including current portion	$	16,705

- 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