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Debt (Tables)
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Schedule of debt
Debt consists of the following:
 
September 30,
2017
 
December 31,
2016
(millions, except percentages)
Debt
 
Interest Rate

 
Debt
 
Interest Rate
Revolving Credit Facility, due August 27, 2020
$
275

 
2.27
%
 
$

 
%
Noble Midstream Services Revolving Credit Facility, due September 20, 2021
200

 
2.45
%
 

 
%
Term Loan Facility, due January 6, 2019
550

 
2.45
%
 
550

 
2.01
%
Leviathan Term Loan Facility, due February 23, 2025

 
%
 

 
%
Senior Notes, due March 1, 2019 (1) 

 
%
 
1,000

 
8.25
%
Senior Notes, due May 1, 2021
379

 
5.625
%
 
379

 
5.625
%
Senior Notes, due December 15, 2021
1,000

 
4.15
%
 
1,000

 
4.15
%
Senior Notes, due October 15, 2023
100

 
7.25
%
 
100

 
7.25
%
Senior Notes, due November 15, 2024
650

 
3.90
%
 
650

 
3.90
%
Senior Notes, due April 1, 2027
250

 
8.00
%
 
250

 
8.00
%
Senior Notes, due January 15, 2028 (1) 
600

 
3.85
%
 

 
%
Senior Notes, due March 1, 2041
850

 
6.00
%
 
850

 
6.00
%
Senior Notes, due November 15, 2043
1,000

 
5.25
%
 
1,000

 
5.25
%
Senior Notes, due November 15, 2044
850

 
5.05
%
 
850

 
5.05
%
Senior Notes, due August 15, 2047 (1) 
500

 
4.95
%
 

 
%
Other Senior Notes and Debentures (2) 

110

 
6.93
%
 
110

 
6.93
%
Capital Lease and Other Obligations (3) 
290

 
%
 
375

 
%
Total
7,604

 
 
 
7,114

 
 
Unamortized Discount
(25
)
 
 
 
(23
)
 
 
Unamortized Premium
14

 
 
 
17

 
 
Unamortized Debt Issuance Costs
(41
)
 
 
 
(34
)
 
 
Total Debt, Net of Unamortized Discount, Premium and Debt Issuance Costs
7,552

 
 
 
7,074

 
 
Less Amounts Due Within One Year
 
 
 
 
 
 
 
Capital Lease Obligations
(65
)
 
 
 
(63
)
 
 
Long-Term Debt Due After One Year
$
7,487

 
 
 
$
7,011

 
 

(1) In third quarter 2017, we redeemed all our Senior Notes due March 1, 2019 and issued Senior Notes due January 15, 2028 and August 15, 2047.
(2) Includes $18 million of Senior Notes due June 1, 2022, $8 million of Senior Notes due June 1, 2024 and $84 million of Senior Debentures due August 1, 2097. The weighted average interest rate for these instruments is 6.93%.
(3) The reduction includes $41 million related to other obligations for drilling commitments assumed by the acquirer of the Marcellus Shale upstream assets and $44 million of capital lease principal payments. See Note 4. Acquisitions and Divestitures and Note 12. Commitments and Contingencies.
Annual debt maturities
Annual maturities of outstanding debt, excluding capital lease payments and outstanding balances under the revolving credit facilities, are as follows:
(millions)
Debt
Principal
Payments
October - December 2017

$

2018

2019
550

2020

2021
1,379

Thereafter
4,910

Total
$
6,839