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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 30, 2020
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The following table summarizes Occidental's outstanding debt, including finance lease liabilities:
millions |  | June 30, 2020 |  | December 31, 2019
Total borrowings at face value |  | $ | 37,401 |  |  | $ | 37,401 |
Adjustments to book value: |  |  |  |
Unamortized premium, net |  | 868 |  |  | 914 |
Debt issuance costs |  | (110) |  |  | (125) |
Long-term finance leases |  | 301 |  |  | 347 |
Current finance leases |  | 34 |  |  | 51 |
Total debt and finance leases |  | 38,494 |  |  | 38,588 |
Less current maturities of long-term debt |  | (2,460) |  |  | (51) |
Long-term debt, net |  | $ | 36,034 |  |  | $ | 38,537 |
Debt Instrument Redemption |
millions |  | Principal Amount Accepted
4.1% senior notes due February 2021 |  | $ | 943 |
Variable rate bonds due February 2021 |  | $ | 473 |
4.85% senior notes due March 2021 |  | $ | 530 |
2.6% senior notes due August 2021 |  | $ | 51 |
Total |  | $ | 1,997 |

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- Definition Tabular disclosure of debt instruments or arrangements with redemption features. Includes, but is not limited to, description of debt redemption features, percentage price at which debt can be redeemed by the issuer, and period start and end for debt maturity or redemption. + References No definition available. + Details
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