Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Components of Debt

Total debt at December 31 consisted of the following:

	2021		2020
	(In millions)
Debt - Hess Corporation:
Senior unsecured fixed-rate public notes:
3.500% due 2024	$	299	$	299
4.300% due 2027	995		994
7.875% due 2029	464		464
7.300% due 2031	628		628
7.125% due 2033	537		537
6.000% due 2040	742		741
5.600% due 2041	1,236		1,236
5.800% due 2047	494		494
Total senior unsecured fixed-rate public notes	5,395		5,393
Term loan facility	497		988
Fair value adjustments - interest rate hedging	2		5
Total Debt - Hess Corporation	$	5,894	$	6,386
Debt - Midstream (Hess Midstream Operations LP):
Senior unsecured fixed-rate public notes:
5.625% due 2026	$	791	$	789
5.125% due 2028	543		542
4.250% due 2030	739		—
Total senior unsecured fixed-rate public notes	2,073		1,331
Term loan A facility	387		395
Revolving credit facility	104		184
Total Debt - Midstream	$	2,564	$	1,910
Total Debt:
Current portion of long-term debt	$	517	$	10
Long-term debt	7,941		8,286
Total Debt	$	8,458	$	8,296

Maturity Profile of Debt

At December 31, 2021, the maturity profile of total debt was as follows:

	Total		Hess Corporation		Midstream
	(In millions)
2022	$	520	$	500	$	20
2023	30		—		30
2024	744		300		444
2025	—		—		—
2026	800		—		800
Thereafter	6,438		5,138		1,300
Total Borrowings	8,532		5,938		2,594
Less: Deferred financing costs and discounts	(74)		(44)		(30)
Total Debt (excluding interest)	$	8,458	$	5,894	$	2,564

Other Outstanding Letters of Credit

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

	2021		2020
	(In millions)
Committed lines (a)	$	29	$	54
Uncommitted lines (a)	230		215
Total	$	259	$	269

(a)At December 31, 2021, committed and uncommitted lines have expiration dates through 2022.