Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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

millions	September 30, 2021		December 31, 2020
Total borrowings at face value	$	30,760	$	35,235
Adjustments to book value:
Unamortized premium, net	688		748
Debt issuance costs	(135)		(156)
Net book value of debt	$	31,313	$	35,827
Long-term finance leases	330		316
Current finance leases	52		42
Total debt and finance leases	$	31,695	$	36,185
Less current maturities of financing leases	(52)		(42)
Less current maturities of long-term debt	(728)		(398)
Long-term debt, net	$	30,915	$	35,745

The following table summarizes debt repayments for the nine months ended September 30, 2021:

millions Face Value

First quarter repayments:
4.850% senior notes due 2021	$	(147)
Variable rate bonds due 2021	(27)
Third quarter repayments:
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)
2.600% senior notes due 2021	(224)
Floating interest rate notes due August 2022	(1,051)
Total	$	(4,475)