Long-Term Debt

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

The company issued $8 billion and an additional $4 billion in aggregate principal amount of floating and fixed rate notes in May 2020 and August 2020, respectively, as detailed in the table below. In the first nine months of 2020, the company repaid $3.9 billion of bonds at maturity.

May 2020 issuance:	Principal (Millions of dollars)
Floating rate notes due 2023	$	300
1.141% notes due 2023	1,200
1.554% notes due 2025	2,500
1.995% notes due 2027	1,000
2.236% notes due 2030	1,500
2.978% notes due 2040	500
3.078% notes due 2050	1,000
Total Long-Term Debt Issued in May 2020	$	8,000
August 2020 issuance:	Principal (Millions of dollars)
Floating rate notes due 2022	$	350
0.333% notes due 2022	400
Floating rate notes due 2023	500
0.426% notes due 2023	500
0.687% notes due 2025	750
1.018% notes due 2027	750
2.343% notes due 2050	750
Total Long-Term Debt Issued in August 2020	$	4,000