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Long-Term Debt | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Long-Term Debt | Long-Term Debt Long-Term Debt at December 31, 2022 and 2021 consisted of the following (in millions):
| 2022 |  | 2021
2.625% Senior Notes due 2023 | $ | 1,250 |  |  | $ | 1,250 |
3.15% Senior Notes due 2025 | 500 |  |  | 500 |
4.15% Senior Notes due 2026 | 750 |  |  | 750 |
6.65% Senior Notes due 2028 | 140 |  |  | 140 |
4.375% Senior Notes due 2030 | 750 |  |  | 750 |
3.90% Senior Notes due 2035 | 500 |  |  | 500 |
5.10% Senior Notes due 2036 | 250 |  |  | 250 |
4.950% Senior Notes due 2050 | 750 |  |  | 750 |
Long-Term Debt | 4,890 |  |  | 4,890 |
Finance Leases (see Note 18) | 215 |  |  | 250 |
Less: Current Portion of Long-Term Debt | 1,283 |  |  | 37 |
Unamortized Debt Discount | 23 |  |  | 27 |
Debt Issuance Costs | 4 |  |  | 4 |
Total Long-Term Debt | $ | 3,795 |  |  | $ | 5,072 |
The senior notes in the table above are senior, unsecured obligations that rank equally in right of payment with all of our other unsecured and unsubordinated outstanding debt. At December 31, 2022, the aggregate annual maturities of current and long-term debt (excluding finance lease obligations) were $1.25 billion in 2023, zero in 2024, $500 million in 2025, $750 million in 2026 and zero in 2027. At December 31, 2022 and 2021, EOG had no outstanding commercial paper borrowings and did not utilize any commercial paper borrowings during 2022 or 2021. On February 1, 2021, EOG repaid upon maturity the $750 million aggregate principal amount of its 4.100% Senior Notes due 2021. EOG currently has a $2.0 billion senior unsecured Revolving Credit Agreement (the Agreement) with domestic and foreign lenders (Banks). The Agreement has a scheduled maturity date of June 27, 2024, and includes an option for EOG to extend, on up to two occasions, the term for successive one-year periods subject to certain terms and conditions. The Agreement (i) commits the Banks to provide advances up to an aggregate principal amount of $2.0 billion at any one time outstanding, with an option for EOG to request increases in the aggregate commitments to an amount not to exceed $3.0 billion, subject to certain terms and conditions, and (ii) includes a swingline subfacility and a letter of credit subfacility. Advances under the Agreement will accrue interest based, at EOG's option, on either the LIBOR plus an applicable margin (Eurodollar rate) or the base rate (as defined in the Agreement) plus an applicable margin. The Agreement contains representations, warranties, covenants and events of default that EOG believes are customary for investment-grade, senior unsecured commercial bank credit agreements, including a financial covenant for the maintenance of a ratio of total debt-to-capitalization (as such terms are defined in the Agreement) of no greater than 65%. At December 31, 2022, EOG was in compliance with this financial covenant. At December 31, 2022 and December 31, 2021, there were no borrowings or letters of credit outstanding under the Agreement. The Eurodollar rate and base rate (inclusive of the applicable margin), had there been any amounts borrowed under the Agreement at December 31, 2022, would have been 5.29% and 7.50%, respectively.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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