Long-Term Debt

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Total long-term debt including finance lease liabilities at December 31, 2019, was $23,691. The company’s long-term debt outstanding at year-end 2019 and 2018 was as follows:

	At December 31
	2019			2018
	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
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
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 (2.599%)1	650			650
Floating rate notes due 2022 (2.412%)1	650			650
1.991% notes due 2020	600			600
Floating rate notes due 2020 (2.116%)2	400			400
3.400% loan3	218			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 (6.431%)1	38			38
4.950% notes due 2019	—			1,500
1.561% notes due 2019	—			1,350
Floating rate notes due 2019	—			850
2.193% notes due 2019	—			750
1.686% notes due 2019	—			550
Total including debt due within one year	18,730			23,730
Debt due within one year	(5,054		)	(5,000		)
Reclassified from short-term debt	9,750			9,900
Unamortized discounts and debt issuance costs	(17		)	(24		)
Finance lease liabilities4	282			127
Total long-term debt	$	23,691		$	28,733

¹  Weighted-average interest rate at December 31, 2019.

²  Interest rate at December 31, 2019.

³  Maturity date is conditional upon the occurrence of certain events. 2022 is the earliest period in which the loan may become payable.

⁴  For details on finance lease liabilities, 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 finance lease liabilities with a principal balance of $18,730 matures as follows: 2020 – $5,054; 2021 – $2,054; 2022 – $4,268; 2023 – $3,003; 2024 – $1,000; and after 2024 – $3,351.

See Note 7, beginning on page 65, for information concerning the fair value of the company’s long-term debt.