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Debt
12 Months Ended
Dec. 31, 2012
Debt Disclosure [Abstract]  
Debt
Debt
Long-term debt consisted of the following at both December 31, 2012 and 2011:
Millions of dollars
 
6.15% senior notes due September 2019
$
997

7.45% senior notes due September 2039
995

6.7% senior notes due September 2038
800

3.25% senior notes due November 2021
498

4.5% senior notes due November 2041
498

5.9% senior notes due September 2018
400

7.6% senior debentures due August 2096
293

8.75% senior debentures due February 2021
184

Other
155

Total long-term debt
$
4,820



Senior debt
All of our senior notes and debentures rank equally with our existing and future senior unsecured indebtedness, have semiannual interest payments, and have no sinking fund requirements. We may redeem all of our senior notes from time to time or all of the notes of each series at any time at the applicable redemption prices, plus accrued and unpaid interest. Our 7.6% and 8.75% senior debentures may not be redeemed prior to maturity.
Revolving credit facilities
We have an unsecured $2.0 billion five-year revolving credit facility expiring in 2016. The purpose of the facility is to provide general working capital and credit for other corporate purposes. The full amount of the revolving credit facility was available as of December 31, 2012.
Debt maturities
$45 million of our long-term debt is due in 2017. The remainder is due in 2018 and thereafter.