XML 89 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
DEBT (Tables)
 12 Months Ended
Dec. 31, 2023
Long-Term Debt, Unclassified [Abstract]  
Debt
The following table sets forth our consolidated debt as of the dates indicated:
December 31, 2023December 31, 2022
(Millions of dollars)
Commercial paper outstanding (a)$— $— 
Senior unsecured obligations:
$425 at 5.0% due September 2023
— 425 
$500 at 7.5% due September 2023
— 500 
$500 at 2.75% due September 2024
484 500 
$250 at 3.2% due March 2025 (b)
250 — 
$500 at 4.9% due March 2025
500 500 
$400 at 2.2% due September 2025
387 387 
$600 at 5.85% due January 2026
600 600 
$650 at 5.0% due March 2026 (b)
650 — 
$750 at 5.55% due November 2026
750 — 
$500 at 4.0% due July 2027
500 500 
$800 at 4.55% due July 2028
800 800 
$100 at 6.875% due September 2028
100 100 
$750 at 5.65% due November 2028
750 — 
$700 at 4.35% due March 2029
700 700 
$750 at 3.4% due September 2029
714 714 
$850 at 3.1% due March 2030
780 780 
$500 at 3.25% due June 2030 (b)
500 — 
$500 at 5.8% due November 2030
500 — 
$600 at 6.35% due January 2031
600 600 
$750 at 6.1% due November 2032
750 750 
$1,500 at 6.05% due September 2033
1,500 — 
$400 at 6.0% due June 2035
400 400 
$600 at 6.65% due October 2036
600 600 
$250 at 6.4% due May 2037 (b)
250 — 
$600 at 6.85% due October 2037
600 600 
$650 at 6.125% due February 2041
650 650 
$250 at 4.2% due December 2042 (b)
250 — 
$400 at 6.2% due September 2043
400 400 
$550 at 5.15% due October 2043 (b)
550 — 
$250 at 4.2% due March 2045 (b)
250 — 
$500 at 4.25% due September 2046 (b)
500 — 
$700 at 4.95% due July 2047
564 689 
$500 at 4.2% due October 2047 (b)
500 — 
$1,000 at 5.2% due July 2048
919 1,000 
$500 at 4.85% due February 2049 (b)
500 — 
$750 at 4.45% due September 2049
576 673 
$500 at 4.5% due March 2050
443 443 
$800 at 3.95% due March 2050 (b)
797 — 
$300 at 7.15% due January 2051
300 300 
$1,750 at 6.625% due September 2053
1,750 — 
Guardian $120 term loan, rate of 6.58% as of December 31, 2023, due June 2025
120 120 
Viking $60 term loan, rate of 6.71% as of December 31, 2023, due March 2026
60 — 
Total debt22,794 13,731 
Unamortized debt discounts(1,015)(35)
Unamortized debt issuance costs and terminated swaps(112)(75)
Current maturities of long-term debt(484)(925)
Long-term debt$21,183 $12,696 
(a) - Individual issuances of commercial paper under our commercial paper program generally mature in 90 days or less.
(b) - Debt assumed in the Magellan Acquisition. Amounts are presented at face value with discount to fair value included in unamortized debt discounts.
Aggregate Maturities of Long-Term Debt Outstanding
The aggregate maturities of long-term debt outstanding and interest payments on debt as of December 31, 2023, for the years 2024 through 2028 are shown below:
Senior
Unsecured
Obligations		Guardian VikingInterest
Obligations
on Debt		Total
 (Millions of dollars)
2024$484 $— $— $1,167 $1,651 
2025$1,137 $120 $— $1,124 $2,381 
2026$2,000 $— $60 $1,038 $3,098 
2027$500 $— $— $987 $1,487 
2028$1,650 $— $— $951 $2,601