Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Components of Debt

Total debt at December 31 consisted of the following:

	2022		2021
	(In millions)
Debt – Hess Corporation:
Senior unsecured fixed-rate public notes:
3.500% due 2024	$	300	$	299
4.300% due 2027	996		995
7.875% due 2029	464		464
7.300% due 2031	629		628
7.125% due 2033	537		537
6.000% due 2040	742		742
5.600% due 2041	1,237		1,236
5.800% due 2047	494		494
Total senior unsecured fixed-rate public notes	5,399		5,395
Term loan facility	—		497
Fair value adjustments – interest rate hedging	(4)		2
Total Debt – Hess Corporation	$	5,395	$	5,894
Debt – Midstream (Hess Midstream Operations LP):
Senior unsecured fixed-rate public notes:
5.625% due 2026	$	793	$	791
5.125% due 2028	544		543
4.250% due 2030	740		739
5.500% due 2030	395		—
Total senior unsecured fixed-rate public notes	2,472		2,073
Term Loan A facility	396		387
Revolving credit facility	18		104
Total Debt – Midstream	$	2,886	$	2,564
Total Debt:
Current portion of long-term debt	$	3	$	517
Long-term debt	8,278		7,941
Total Debt	$	8,281	$	8,458

Maturity Profile of Debt

At December 31, 2022, the maturity profile of total debt was as follows:

	Total		Hess Corporation		Midstream
	(In millions)
2023	$	3	$	—	$	3
2024	312		300		12
2025	22		—		22
2026	833		—		833
2027	1,348		1,000		348
Thereafter	5,838		4,138		1,700
Total Borrowings	8,356		5,438		2,918
Less: Deferred financing costs and discounts	(75)		(43)		(32)
Total Debt (excluding interest)	$	8,281	$	5,395	$	2,886

Other Outstanding Letters of Credit

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

	2022		2021
	(In millions)
Committed lines	$	—	$	29
Uncommitted lines (a)	83		230
Total	$	83	$	259

(a)At December 31, 2022, uncommitted lines have expiration dates through 2023.