Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt

The following table summarizes Occidental's outstanding debt, including finance lease liabilities:

millions	June 30, 2021		December 31, 2020
Total borrowings at face value	$	35,061	$	35,235
Adjustments to book value:
Unamortized premium, net	707		748
Debt issuance costs	(147)		(156)
Net book value of debt	$	35,621	$	35,827
Long-term finance leases	332		316
Current finance leases	50		42
Total debt and finance leases	$	36,003	$	36,185
Less current maturities of financing leases	(50)		(42)
Less current maturities of long-term debt	(601)		(398)
Long-term debt, net	$	35,352	$	35,745

The following table summarizes the face value of senior notes tendered and retired in July 2021:

millions Face value tendered

July tender and purchase:
2.700% senior notes due 2022	$	(278)
2.700% senior notes due 2023	(484)
3.450% senior notes due 2024	(81)
2.900% senior notes due 2024	(1,620)
3.500% senior notes due 2025	(229)
3.400% senior notes due 2026	(224)
3.200% senior notes due 2026	(110)
Total	$	(3,026)