Long-Term Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Total long-term debt, excluding capital leases, at December 31, 2015, was $33,584. The company’s long-term debt outstanding at year-end 2015 and 2014 was as follows:

	At December 31
	2015			2014
3.191% notes due 2023	$	2,250		$	2,250
Floating rate notes due 2017 (0.555%)1	2,050			650
1.104% notes due 2017	2,000			2,000
1.718% notes due 2018	2,000			2,000
2.355% notes due 2022	2,000			2,000
1.365% notes due 2018	1,750			—
1.961% notes due 2020	1,750			—
4.95% notes due 2019	1,500			1,500
1.790% notes due 2018	1,250			—
2.419% notes due 2020	1,250			—
1.345% notes due 2017	1,100			1,100
1.344% notes due 2017	1,000			—
2.427% notes due 2020	1,000			1,000
Floating rate notes due 2018 (0.676%)1	800			—
0.889% notes due 2016	750			750
2.193% notes due 2019	750			750
3.326% notes due 2025	750			—
2.411% notes due 2022	700			—
Floating rate notes due 2016 (0.444%)2	700			700
Floating rate notes due 2019 (0.772%)2	400			400
Floating rate notes due 2021 (0.892%)2	400			400
Floating rate notes due 2022 (0.952%)2	350			—
8.625% debentures due 2032	147			147
Amortizing Bank Loan due 2018 (1.172%)2	110			—
8.625% debentures due 2031	108			107
8.0% debentures due 2032	74			74
9.75% debentures due 2020	54			54
8.875% debentures due 2021	40			40
Medium-term notes, maturing from 2021 to 2038 (5.975%)1	38			38
Total including debt due within one year	27,071			15,960
Debt due within one year	(1,487		)	—
Reclassified from short-term debt	8,000			8,000
Total long-term debt	$	33,584		$	23,960

¹  Weighted-average interest rate at December 31, 2015.

²  Interest rate at December 31, 2015.

Chevron has an automatic shelf registration statement that expires in August 2018. This registration statement is for an unspecified amount of nonconvertible debt securities issued or guaranteed by the company.

Long-term debt of $27,071 matures as follows: 2016 – $1,487; 2017 – $6,187; 2018 – $5,836; 2019 – $2,650; 2020 – $4,054; and after 2020 – $6,857.

The company completed bond issuances of $6,000 and $5,000 in March and November 2015, respectively.

See Note 9, beginning on page FS-34, for information concerning the fair value of the company’s long-term debt.