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Long-Term Debt | 9 Months Ended
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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 |  |  |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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