Debt (Tables)

12 Months Ended

Dec. 31, 2019

Total debt at December 31 consisted of the following:

	2019		2018
	(In millions)
Debt - Hess Corporation:
Fixed-rate public notes:
3.5% due 2024	$	298	$	298
4.3% due 2027		992		992
7.9% due 2029		463		463
7.3% due 2031		628		627
7.1% due 2033		537		537
6.0% due 2040		741		740
5.6% due 2041		1,235		1,234
5.8% due 2047		494		493
Total fixed-rate public notes		5,388		5,384
Capital lease obligations (a)		—		269
Financing obligations associated with floating production system (a)		—		40
Fair value adjustments - interest rate hedging		1		(2	)
Total Debt - Hess Corporation	$	5,389	$	5,691

Debt - Midstream:
Fixed-rate notes: 5.6% due 2026 - Hess Midstream Operations LP	$	787	$	—
Fixed-rate notes: 5.1% due 2028 - Hess Midstream Operations LP		540		—
Fixed-rate notes: 5.6% due 2026 - HIP		—		787
Term loan A facility - Hess Midstream Operations LP		394		—
Term loan A facility - HIP		—		194
Revolving credit facility - Hess Midstream Operations LP		32		—
Total Debt - Midstream	$	1,753	$	981

Total Debt:
Current maturities of long-term debt	$	—	$	67
Long-term debt		7,142		6,605
Total Debt	$	7,142	$	6,672

(a)	Upon adoption of ASC 842, Leases on January 1, 2019, capital lease and financing obligations previously included in Debt were reclassified to Finance leases.

At December 31, 2019, the maturity profile of total debt was as follows:

	Total			Hess Corporation			Midstream
	(In millions)
2020	$	—		$	—		$	—
2021		10			—			10
2022		20			—			20
2023		30			—			30
2024		672			300			372
Thereafter		6,488			5,138			1,350
Total Borrowings		7,220			5,438			1,782
Less: Deferred issuance costs		(78	)		(49	)		(29	)
Total Debt (excluding interest)	$	7,142		$	5,389		$	1,753

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

(a)	At December 31, 2019, committed and uncommitted lines have expiration dates throughout 2020.