Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Components of Debt

Total debt at December 31 consisted of the following:

	2023		2022
	(In millions)
Debt – Hess Corporation:
Senior unsecured fixed-rate public notes:
3.500% due 2024	$	300	$	300
4.300% due 2027	997		996
7.875% due 2029	465		464
7.300% due 2031	629		629
7.125% due 2033	537		537
6.000% due 2040	743		742
5.600% due 2041	1,238		1,237
5.800% due 2047	495		494
Total senior unsecured fixed-rate public notes	5,404		5,399
Fair value adjustments – interest rate hedging	(2)		(4)
Total Debt – Hess Corporation	$	5,402	$	5,395
Debt – Midstream (Hess Midstream Operations LP):
Senior unsecured fixed-rate public notes:
5.625% due 2026	$	795	$	793
5.125% due 2028	545		544
4.250% due 2030	742		740
5.500% due 2030	395		395
Total senior unsecured fixed-rate public notes	2,477		2,472
Term Loan A facility	394		396
Revolving credit facility	340		18
Total Debt – Midstream	$	3,211	$	2,886
Total Debt:
Current portion of long-term debt	$	311	$	3
Long-term debt	8,302		8,278
Total Debt	$	8,613	$	8,281

Maturity Profile of Debt

At December 31, 2023, the maturity profile of total debt was as follows:

	Total		Hess Corporation		Midstream
	(In millions)
2024	$	311	$	298	$	13
2025	22		—		22
2026	832		—		832
2027	1,670		1,000		670
2028	550		—		550
Thereafter	5,290		4,140		1,150
Total Borrowings	8,675		5,438		3,237
Less: Deferred financing costs and discounts	(62)		(36)		(26)
Total Debt (excluding interest)	$	8,613	$	5,402	$	3,211

Other Outstanding Letters of Credit

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

	2023		2022
	(In millions)
Committed lines (a)	$	2	$	—
Uncommitted lines (a)	86		83
Total	$	88	$	83

(a)At December 31, 2023, committed and uncommitted lines have expiration dates through 2024.