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Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Instrument [Line Items] |
Schedule of Debt | The following table provides information on the principal amount of our outstanding debt balances:
|  | June 30, 2020 |  | December 31, 2019
|  | (In millions, unless otherwise stated) |  |
Current portion of debt |  |  |  |
$4 billion credit facility due November 16, 2023 |  | $ | — |  |  | $ | — |
Commercial paper notes(a) |  | — |  |  | 37 |
Current portion of senior notes |  |  |  |
6.85%, due February 2020(b) |  | — |  |  | 700 |
6.50%, due April 2020(c) |  | — |  |  | 535 |
5.30%, due September 2020 |  | 600 |  |  | 600 |
6.50%, due September 2020 |  | 349 |  |  | 349 |
5.00%, due February 2021 |  | 750 |  |  | — |
3.50%, due March 2021 |  | 750 |  |  | — |
5.80%, due March 2021 |  | 400 |  |  | — |
Trust I preferred securities, 4.75%, due March 2028 |  | 111 |  |  | 111 |
Kinder Morgan G.P. Inc, $1,000 Liquidation Value Series A Fixed-to-Floating Rate Term Cumulative Preferred Stock, due August 2057(d) |  | — |  |  | 100 |
Current portion of other debt |  | 46 |  |  | 45 |
Total current portion of debt |  | 3,006 |  |  | 2,477 |
Long-term debt (excluding current portion) |  |  |  |
Senior notes |  | 29,267 |  |  | 30,164 |
EPC Building, LLC, promissory note, 3.967%, due 2020 through 2035 |  | 373 |  |  | 381 |
Trust I preferred securities, 4.75%, due March 2028 |  | 110 |  |  | 110 |
Other |  | 226 |  |  | 228 |
Total long-term debt |  | 29,976 |  |  | 30,883 |
Total debt(e) |  | $ | 32,982 |  |  | $ | 33,360 |
_______ (a)Weighted average interest rate on borrowings outstanding as of December 31, 2019 was 1.90%. (b)On January 9, 2020, we sold the approximate 25 million shares of Pembina Pipeline Corporation (Pembina) common equity that we received as consideration for the sale of KML. We received proceeds of approximately $907 million ($764 million after tax) for the sale of the Pembina shares, which were used to repay debt that matured in February 2020. The fair value of the Pembina common equity of$925 million as of December 31, 2019 was reported as “Marketable securities at fair value” in the accompanying consolidated balance sheet. (c)In April 2020, we repaid $535 million of maturing senior notes. (d)In December 2019, we notified the holder of our intent to redeem these securities. As our notification was irrevocable, the outstanding balance was classified as current in our accompanying consolidated balance sheet as of December 31, 2019. We redeemed these securities, including accrued dividends, on January 15, 2020. (e)Excludes our “Debt fair value adjustments” which, as of June 30, 2020 and December 31, 2019, increased our total debt balances by $1,465 million and $1,032 million, respectively.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] | The carrying value and estimated fair value of our outstanding debt balances are disclosed below:
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Carrying value |  | Estimated fair value |  | Carrying value |  | Estimated fair value
| (In millions) |  |  |  |  |  |
Total debt | $ | 34,447 |  |  | $ | 37,937 |  |  | $ | 34,392 |  |  | $ | 38,016 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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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. + Details
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