Long-Term Debt

12 Months Ended

Dec. 31, 2018

Long-Term Debt [Abstract]

Long-Term Debt

14. Long-Term Debt

At December 31, 2018, long-term debt consisted of $19,940 million due in U.S. dollars and $598 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $4,070 million, which matures within one year and is included in current liabilities. The amounts of long-term debt, including capitalized lease obligations, maturing in each of the four years after December 31, 2019, in millions of dollars, are: 2020 – $1,639; 2021 – $2,571; 2022 –$1,841; and 2023 –$1,304. At December 31, 2018, the Corporation’s unused long-term credit lines were $0.2 billion.

Summarized long-term debt at year-end 2018 and 2017 are shown in the table below:

			Average
			Rate (1)	2018	2017
				(millions of dollars)
Exxon Mobil Corporation
	1.819% notes due 2019			-	1,750
	1.708% notes due 2019			-	1,250
	Floating-rate notes due 2019 (Issued 2014)			-	500
	Floating-rate notes due 2019 (Issued 2016)			-	250
	1.912% notes due 2020			1,500	1,500
	2.222% notes due 2021			2,500	2,500
	2.397% notes due 2022			1,150	1,150
	Floating-rate notes due 2022		2.502%	500	500
	2.726% notes due 2023			1,250	1,250
	3.176% notes due 2024			1,000	1,000
	2.709% notes due 2025			1,750	1,750
	3.043% notes due 2026			2,500	2,500
	3.567% notes due 2045			1,000	1,000
	4.114% notes due 2046			2,500	2,500
XTO Energy Inc.(2)
	6.100% senior notes due 2036			195	195
	6.750% senior notes due 2037			299	302
	6.375% senior notes due 2038			230	232
Mobil Corporation
	8.625% debentures due 2021			250	250
Industrial revenue bonds due 2019-2051			1.334%	2,513	2,559
Other U.S. dollar obligations				102	162
Other foreign currency obligations				38	34
Capitalized lease obligations			9.440%	1,303	1,327
Debt issuance costs				(42)	(55)
		Total long-term debt		20,538	24,406

(1)Average effective interest rate for debt and average imputed interest rate for capitalized leases at December 31, 2018.

(2) Includes premiums of $97 million in 2018 and $102 million in 2017.