LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Long-term debt

Long-term debt consisted of the following:

millions	December 31, 2019
4.850% senior notes due 2021		$	677
2.600% senior notes due 2021		1,500
4.100% senior notes due 2021		1,249
Variable rate bonds due 2021 (2.854% as of December 31, 2019)		500
Variable rate bonds due 2021 (3.151% as of December 31, 2019)		500
2-year variable rate Term Loan due 2021 (3.111% as of December 31, 2019)		1,956
2.700% senior notes due 2022		2,000
3.125% senior notes due 2022		814
2.600% senior notes due 2022		400
Variable rate bonds due 2022 (3.360% as of December 31, 2019)		1,500
2.700% senior notes due 2023		1,191
8.750% medium-term notes due 2023		22
2.900% senior notes due 2024		3,000
6.950% senior notes due 2024		650
3.450% senior notes due 2024		248
3.500% senior notes due 2025		750
5.550% senior notes due 2026		1,100
3.200% senior notes due 2026		1,000
3.400% senior notes due 2026		1,150
7.500% debentures due 2026		112
3.000% senior notes due 2027		750
7.125% debentures due 2027		150
7.000% debentures due 2027		48
6.625% debentures due 2028		14
7.150% debentures due 2028		235
7.200% senior debentures due 2028		82
7.200% debentures due 2029		135
7.950% debentures due 2029		116
8.450% senior debentures due 2029		116
3.500% senior notes due 2029		1,500
Variable rate bonds due 2030 (1.705% as of December 31, 2019)		68
7.500% senior notes due 2031		900
7.875% senior notes due 2031		500
6.450% senior notes due 2036		1,750
Zero Coupon senior notes due 2036		2,271
6.500% note payable to WES due 2038		260
4.300% senior notes due 2039		750
7.950% senior notes due 2039		325
6.200% senior notes due 2040		750
4.500% senior notes due 2044		625
4.625% senior notes due 2045		750
6.600% senior notes due 2046		1,100
4.400% senior notes due 2046		1,200
4.100% senior notes due 2047		750
4.200% senior notes due 2048		1,000
4.400% senior notes due 2049		750
7.730% debentures due 2096		60
7.500% debentures due 2096		78
7.250% debentures due 2096		49
Total borrowings at face value(a)		37,401
Adjustments to book value:
Unamortized premium, net		914
Debt issuance costs		(125		)
Long-term finance leases		347
Long-term Debt, net		$	38,537

^(a)  Total borrowings at face value included a $310 thousand 7.25% senior note due 2025.

millions	December 31, 2018
Occidental
9.250% senior debentures due 2019		$	116
4.100% senior notes due 2021		1,249
3.125% senior notes due 2022		813
2.600% senior notes due 2022		400
2.700% senior notes due 2023		1,191
8.750% medium-term notes due 2023		22
3.500% senior notes due 2025		750
3.400% senior notes due 2026		1,150
3.000% senior notes due 2027		750
7.200% senior debentures due 2028		82
8.450% senior debentures due 2029		116
4.625% senior notes due 2045		750
4.400% senior notes due 2046		1,200
4.100% senior notes due 2047		750
4.200% senior notes due 2048		1,000
Variable rate bonds due 2030 (1.9% as of December 31, 2018)		68
Total borrowings at face value		10,407
Adjustments to book value:
Unamortized discount, net		(36		)
Debt issuance costs		(54		)
Current maturities		(116		)
Long-term Debt, net		$	10,201