Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Guarantor Obligations

Debt and other obligations of non-consolidated entities guaranteed by the Company as of September 30, 2020, were as follows (dollars in millions):

	Guarantees
	BNSF Ownership Percentage		Principal Amount Guaranteed		Maximum Future Payments		Maximum Recourse Amounta		Remaining Term (in years)	Capitalized Obligations
Kinder Morgan Energy Partners, L.P.	0.5	%	$	190	$	190	$	—	Termination of Ownership	$	2	b
Chevron Phillips Chemical Company LP	—	%	N/Ad		N/Ad		N/Ad		7	$	15	c

aReflects the maximum amount the Company could recover from a third party other than the counterparty.

bReflects capitalized obligations that are recorded on the Company’s Consolidated Balance Sheets.

cReflects the asset and corresponding liability for the fair value of these guarantees required by authoritative accounting guidance related to guarantees.

dThere is no cap to the liability that can be sought from BNSF for BNSF’s negligence or the negligence of the indemnified party. However, BNSF could receive reimbursement from certain insurance policies if the liability exceeds a certain amount.