Debt (Tables)

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements [Abstract]

Debt

Our debt consists of the following:

	September 30,						December 31,
	2011						2010
	Debt			Interest Rate			Debt			Interest Rate
(millions, except percentages)
Credit Facility, due December 9, 2012	$	400			0.56	%	$	350			0.57	%
CONSOL Installment Payments, due September 30, 2012 and 2013		656			1.76	%		-			-
FPSO Lease Obligation		351			-			295			-
5¼% Senior Notes, due April 15, 2014		200			5.25	%		200			5.25	%
8¼% Senior Notes, due March 1, 2019		1,000			8.25	%		1,000			8.25	%
7¼% Notes, due October 15, 2023		100			7.25	%		100			7.25	%
8% Senior Notes, due April 1, 2027		250			8.00	%		250			8.00	%
6% Senior Notes, due March 1, 2041		850			6.00	%		-			-
7¼% Senior Debentures, due August 1, 2097		84			7.25	%		84			7.25	%
Total		3,891						2,279
Unamortized Discount		(29	)					(7	)
Total Debt, Net of Discount		3,862						2,272
Less Amounts Due Within One Year
CONSOL Installment Payment, due September 30, 2012, net of discount		(322	)					-
FPSO Lease Obligation		(33	)					-
Long-Term Debt Due After One Year	$	3,507					$	2,272

Annual maturities of outstanding debt

Annual Debt Maturities and FPSO Lease Payments    Annual maturities of outstanding debt and estimated annual FPSO lease payments are as follows:

	Debt Principal Payments		FPSO Lease Payments
(millions)
September 30, 2011
2011	$	-	$	12
2012		728		72
2013		328		72
2014		200		72
2015		-		70
Thereafter		2,284		198
Total	$	3,540	$	496