v2.4.0.6

Debt (Tables)

12 Months Ended

Dec. 31, 2011

Long-term debt

Long-term debt at December 31 was:

		Millions of Dollars
		2011				2010
9.375% Notes due 2011		$	—				328
9.125% Debentures due 2021			150				150
8.20% Debentures due 2025			150				150
8.125% Notes due 2030			600				600
7.9% Debentures due 2047			100				100
7.8% Debentures due 2027			300				300
7.68% Notes due 2012			7				15
7.65% Debentures due 2023			88				88
7.625% Debentures due 2013			100				100
7.40% Notes due 2031			500				500
7.375% Debentures due 2029			92				92
7.25% Notes due 2031			500				500
7.20% Notes due 2031			575				575
7% Debentures due 2029			200				200
6.95% Notes due 2029			1,549				1,549
6.875% Debentures due 2026			67				67
6.65% Debentures due 2018			297				297
6.50% Notes due 2011			—				500
6.50% Notes due 2039			2,250				2,250
6.50% Notes due 2039			500				500
6.00% Notes due 2020			1,000				1,000
5.951% Notes due 2037			645				645
5.95% Notes due 2036			500				500
5.90% Notes due 2032			505				505
5.90% Notes due 2038			600				600
5.75% Notes due 2019			2,250				2,250
5.625% Notes due 2016			1,250				1,250
5.50% Notes due 2013			750				750
5.20% Notes due 2018			500				500
4.75% Notes due 2012			897				897
4.75% Notes due 2014			1,500				1,500
4.60% Notes due 2015			1,500				1,500
4.40% Notes due 2013			400				400
Commercial paper at 0.34% – 0.341% at year-end 2011 and 0.14% – 0.34% at year-end 2010			1,128				1,182
Industrial Development Bonds due 2012 through 2038 at 0.08% – 5.75% at year-end 2011 and 0.33% – 5.75% at year-end 2010			252				252
Guarantee of savings plan bank loan payable due 2015 at 2.29% at year-end 2011 and 2.06% at year-end 2010			15				64
Note payable to Merey Sweeny, L.P. due 2020 at 7% (related party)			133				144
Marine Terminal Revenue Refunding Bonds due 2031 at 0.08% – 0.15% at year-end 2011 and 0.33% – 0.48% at year-end 2010			265				265
Other			28				31
Debt at face value			22,143				23,096
Capitalized leases			31				39
Net unamortized premiums and discounts			449				457
Total debt			22,623				23,592
Short-term debt			(1,013	)			(936	)
Long-term debt		$	21,610				22,656

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

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