Long-Term Debt

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Total long-term debt including capital lease obligations at December 31, 2018, was $28,733. The company’s long-term debt outstanding at year-end 2018 and 2017 was as follows:

	At December 31
	2018			2017
	Principal			Principal
3.191% notes due 2023	$	2,250		$	2,250
2.954% notes due 2026	2,250			2,250
2.355% notes due 2022	2,000			2,000
1.961% notes due 2020	1,750			1,750
4.950% notes due 2019	1,500			1,500
1.561% notes due 2019	1,350			1,350
2.100% notes due 2021	1,350			1,350
2.419% notes due 2020	1,250			1,250
2.427% notes due 2020	1,000			1,000
2.895% notes due 2024	1,000			1,000
Floating rate notes due 2019 (2.905%)1	850			850
2.193% notes due 2019	750			750
2.566% notes due 2023	750			750
3.326% notes due 2025	750			750
2.498% notes due 2022	700			700
2.411% notes due 2022	700			700
Floating rate notes due 2021 (3.313%)1	650			650
Floating rate notes due 2022 (3.245%)1	650			650
1.991% notes due 2020	600			600
1.686% notes due 2019	550			550
Floating rate notes due 2020 (2.948%)2	400			400
3.400% loan3	218			—
8.625% debentures due 2032	147			147
8.625% debentures due 2031	108			108
8.000% debentures due 2032	75			75
9.750% debentures due 2020	54			54
8.875% debentures due 2021	40			40
Medium-term notes, maturing from 2021 to 2038 (6.629%)1	38			38
1.718% notes due 2018	—			2,000
1.365% notes due 2018	—			1,750
Floating rate notes due 2018	—			1,650
1.790% notes due 2018	—			1,250
Amortizing bank loan due 2018	—			72
Total including debt due within one year	23,730			30,234
Debt due within one year	(5,000		)	(6,722		)
Reclassified from short-term debt	9,900			10,000
Unamortized discounts and debt issuance costs	(24		)	(35		)
Capital lease obligations4	127			94
Total long-term debt	$	28,733		$	33,571

¹  Weighted-average interest rate at December 31, 2018.

²  Interest rate at December 31, 2018.

³  Maturity date is conditional upon the occurrence of certain events. 2021 is the earliest period in which the loan may become payable.

⁴  For details on capital lease obligations, see Note 5 beginning on page 62.

Chevron has an automatic shelf registration statement that expires in May 2021. This registration statement is for an unspecified amount of nonconvertible debt securities issued or guaranteed by the company.

Long-term debt excluding capital lease obligations with a principal balance of $23,730 matures as follows: 2019 – $5,000; 2020 – $5,054; 2021 – $2,272; 2022 – $4,050; 2023 – $3,003; and after 2023 – $4,351.

See Note 8, beginning on page 63, for information concerning the fair value of the company’s long-term debt.