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Debt (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Components of Debt

Total debt at December 31 consisted of the following:

 

 

2018

 

 

2017

 

 

 

(In millions)

 

Debt - Hess Corporation:

 

 

 

 

 

 

 

 

Fixed-rate public notes:

 

 

 

 

 

 

 

 

8.1% due 2019

 

$

 

 

$

349

 

3.5% due 2024

 

 

298

 

 

 

297

 

4.3% due 2027

 

 

992

 

 

 

991

 

7.9% due 2029

 

 

463

 

 

 

500

 

7.3% due 2031

 

 

627

 

 

 

679

 

7.1% due 2033

 

 

537

 

 

 

596

 

6.0% due 2040

 

 

740

 

 

 

740

 

5.6% due 2041

 

 

1,234

 

 

 

1,234

 

5.8% due 2047

 

 

493

 

 

 

493

 

Total fixed-rate public notes

 

 

5,384

 

 

 

5,879

 

Capital lease obligations

 

 

269

 

 

 

 

Financing obligations associated with floating production system

 

 

40

 

 

 

118

 

Fair value adjustments - interest rate hedging

 

 

(2

)

 

 

 

Total Debt - Hess Corporation

 

$

5,691

 

 

$

5,997

 

 

 

 

 

 

 

 

 

 

Debt - Midstream:

 

 

 

 

 

 

 

 

Fixed-rate notes:  5.6% due 2026 - HIP

 

$

787

 

 

$

785

 

Term loan A facility - HIP

 

 

194

 

 

 

195

 

Total Debt - Midstream

 

$

981

 

 

$

980

 

 

 

 

 

 

 

 

 

 

Total Debt:

 

 

 

 

 

 

 

 

Current maturities of long-term debt

 

$

67

 

 

$

580

 

Long-term debt

 

 

6,605

 

 

 

6,397

 

Total Debt

 

$

6,672

 

 

$

6,977

 

 

Maturity Profile of Total Debt

At December 31, 2018, the maturity profile of total debt was as follows:

 

 

Total

 

 

Hess

Corporation

 

 

Midstream

 

 

 

(In millions)

 

2019

 

$

67

 

 

$

56

 

 

$

11

 

2020

 

 

32

 

 

 

17

 

 

 

15

 

2021

 

 

34

 

 

 

18

 

 

 

16

 

2022

 

 

171

 

 

 

19

 

 

 

152

 

2023

 

 

21

 

 

 

21

 

 

 

 

Thereafter

 

 

6,347

 

 

 

5,560

 

 

 

787

 

Total debt (excluding interest)

 

$

6,672

 

 

$

5,691

 

 

$

981

 

Other Outstanding Letters of Credit

Other outstanding letters of credit at December 31 were as follows:

 

 

2018

 

 

2017

 

 

 

(In millions)

 

Committed lines (a)

 

$

29

 

 

$

29

 

Uncommitted lines (a)

 

 

255

 

 

 

217

 

Total

 

$

284

 

 

$

246

 

(a)

At December 31, 2018, committed and uncommitted lines have expiration dates throughout 2019.