XML 51 R39.htm IDEA: XBRL DOCUMENT v3.23.1
DEBT DEBT (Details)
$ in Millions
 3 Months Ended
Jun. 30, 2023
USD ($)
Rate
Mar. 31, 2023
USD ($)
Rate
Dec. 31, 2022
USD ($)
Debt Instrument [Line Items]      
Total debt   $ 13,336 $ 13,731
Unamortized portion of terminated swaps   9 10
Unamortized debt issuance costs and discounts   (117) (120)
Current maturities of long-term debt   (500) (925)
Long-term debt   12,728 12,696
$2.5 Billion Credit Agreement [Member]      
Debt Instrument [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity   $ 2,500  
Debt Instrument, Covenant Description   Among other things, these covenants include maintaining a ratio of consolidated net indebtedness to adjusted EBITDA (EBITDA, as defined in our $2.5 Billion Credit Agreement, adjusted for all noncash charges and increased for projected EBITDA from certain lender-approved capital expansion projects) of no more than 5.0 to 1.  
Indebtedness To Adjusted EBITDA Maximum   5.0  
Line of Credit Facility, Amount Outstanding   $ 0  
Indebtedness To Adjusted EBITDA Current   2.8  
Viking Term Loan Agreement      
Debt Instrument [Line Items]      
Debt Instrument, Covenant Description   In March 2023, Viking entered into a $60 million senior unsecured Term Loan Agreement. The Viking Term Loan Agreement matures in March 2026 and bears interest at Term SOFR plus an applicable margin based on Viking’s credit rating at the time of determination plus an adjustment of 10 basis points. Under Viking’s current credit ratings, the applicable margin is 125 basis points. The Viking Term Loan Agreement allows prepayment of all or any portion outstanding without penalty or premium. During the first quarter 2023, Viking drew $50 million available under the agreement and the proceeds were used primarily to repay intercompany debt with ONEOK. The remainder was used for general corporate purposes. The remaining $10 million is available to be drawn until June 30, 2023. As of March 31, 2023, Viking is in compliance with all covenants under the Viking Term Loan Agreement.  
Viking Pipeline      
Debt Instrument [Line Items]      
Line of Credit Facility, Interest Rate Description   bears interest at Term SOFR plus an applicable margin based on Viking’s credit rating at the time of determination plus an adjustment of 10 basis points. Under Viking’s current credit ratings, the applicable margin is 125 basis points.  
Notes Payable due 2025 | Variable Rate | Guardian Pipeline      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 120  
Total debt   $ 120 120
Debt Instrument, Interest Rate During Period | Rate   6.03%  
Notes Payable due 2026 | Variable Rate | Viking Pipeline      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 60  
Total debt   $ 50 0
Debt Instrument, Interest Rate During Period | Rate   6.16%  
Subsidiary Issuer [Member] | 5.0% Notes Payable due 2023 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 425  
Interest Rate (in hundredths) | Rate   5.00%  
Total debt   $ 0 425
Repayments of Debt   $ 425  
Debt Instrument, Redemption Price, Percentage   100.00%  
Subsidiary Issuer [Member] | 4.9% Notes Payable due 2025 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 500  
Interest Rate (in hundredths) | Rate   4.90%  
Total debt   $ 500 500
Subsidiary Issuer [Member] | 6.65% Notes Payable due 2036 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 600  
Interest Rate (in hundredths) | Rate   6.65%  
Total debt   $ 600 600
Subsidiary Issuer [Member] | 6.85% Notes Payable due 2037 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 600  
Interest Rate (in hundredths) | Rate   6.85%  
Total debt   $ 600 600
Subsidiary Issuer [Member] | 6.125% Notes Payable due 2041 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 650  
Interest Rate (in hundredths) | Rate   6.125%  
Total debt   $ 650 650
Subsidiary Issuer [Member] | 6.2% Notes Payable due 2043 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 400  
Interest Rate (in hundredths) | Rate   6.20%  
Total debt   $ 400 400
Parent Company      
Debt Instrument [Line Items]      
Commercial Paper   0 0
Parent Company | 7.5% Notes Payable due 2023 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 500  
Interest Rate (in hundredths) | Rate   7.50%  
Total debt   $ 500 500
Parent Company | 7.5% Notes Payable due 2023 [Member] | Subsequent Event [Member]      
Debt Instrument [Line Items]      
Interest Rate (in hundredths) | Rate 7.50%    
Repayments of Debt $ 500    
Debt Instrument, Redemption Price, Percentage 100.00%    
Parent Company | 2.75% Notes Payable due 2024 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 500  
Interest Rate (in hundredths) | Rate   2.75%  
Total debt   $ 500 500
Parent Company | 2.2% Notes Payable due 2025 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 400  
Interest Rate (in hundredths) | Rate   2.20%  
Total debt   $ 387 387
Parent Company | 5.85% Notes Payable due 2026 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 600  
Interest Rate (in hundredths) | Rate   5.85%  
Total debt   $ 600 600
Parent Company | 4.0% Notes Payable due 2027 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 500  
Interest Rate (in hundredths) | Rate   4.00%  
Total debt   $ 500 500
Parent Company | 4.55% Notes Payable due 2028 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 800  
Interest Rate (in hundredths) | Rate   4.55%  
Total debt   $ 800 800
Parent Company | 6.875% Notes Payable due 2028 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 100  
Interest Rate (in hundredths) | Rate   6.875%  
Total debt   $ 100 100
Parent Company | 4.35% Notes Payable due 2029 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 700  
Interest Rate (in hundredths) | Rate   4.35%  
Total debt   $ 700 700
Parent Company | 3.4% Notes Payable due 2029 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 750  
Interest Rate (in hundredths) | Rate   3.40%  
Total debt   $ 714 714
Parent Company | 3.1% Notes Payable due 2030 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 850  
Interest Rate (in hundredths) | Rate   3.10%  
Total debt   $ 780 780
Parent Company | 6.35% Notes Payable due 2031 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 600  
Interest Rate (in hundredths) | Rate   6.35%  
Total debt   $ 600 600
Parent Company | 6.1% Notes Payable due 2032      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 750  
Interest Rate (in hundredths) | Rate   6.10%  
Total debt   $ 750 750
Parent Company | 6.0% Notes Payable due 2035 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 400  
Interest Rate (in hundredths) | Rate   6.00%  
Total debt   $ 400 400
Parent Company | 4.95% Notes Payable due 2047 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 700  
Interest Rate (in hundredths) | Rate   4.95%  
Total debt   $ 689 689
Parent Company | 5.2% Notes Payable due 2048 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 1,000  
Interest Rate (in hundredths) | Rate   5.20%  
Total debt   $ 1,000 1,000
Parent Company | 4.45% Notes Payable due 2049 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 750  
Interest Rate (in hundredths) | Rate   4.45%  
Total debt   $ 653 673
Parent Company | 4.5% Notes Payable due 2050 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 500  
Interest Rate (in hundredths) | Rate   4.50%  
Total debt   $ 443 443
Parent Company | 7.15% Notes Payable due 2051 [Member]      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount   $ 300  
Interest Rate (in hundredths) | Rate   7.15%  
Total debt   $ 300 $ 300