Long-Term Debt

12 Months Ended

Dec. 31, 2019

14. Long-Term Debt

At December 31, 2019, long-term debt consisted of $25,710 million due in U.S. dollars and $632 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $1,617 million, which matures within one year and is included in current liabilities. The increase in the book value of long-term debt reflects the Corporation’s issuance of $7.0 billion of long-term debt in the third quarter of 2019. The amounts of long-term debt, excluding finance lease obligations, maturing in each of the four years after December 31, 2020, in millions of dollars, are: 2021 – $2,803; 2022 – $3,316; 2023 – $1,261; and 2024 – $2,130. At December 31, 2019, the Corporation’s unused long-term credit lines were $0.2 billion.

Summarized long-term debt at year-end 2019 and 2018 are shown in the table below:

			Average
			Rate (1)	2019	2018
				(millions of dollars)
Exxon Mobil Corporation
	1.912% notes due 2020			-	1,500
	2.222% notes due 2021			2,500	2,500
	2.397% notes due 2022 (Issued 2015)			1,150	1,150
	1.902% notes due 2022 (Issued 2019)			750	-
	Floating-rate notes due 2022 (Issued 2015)		2.792%	500	500
	Floating-rate notes due 2022 (Issued 2019)		2.414%	750	-
	2.726% notes due 2023			1,250	1,250
	3.176% notes due 2024 (Issued 2014)			1,000	1,000
	2.019% notes due 2024 (Issued 2019)			1,000	-
	2.709% notes due 2025			1,750	1,750
	3.043% notes due 2026 (Issued 2016)			2,500	2,500
	2.275% notes due 2026 (Issued 2019)			1,000	-
	2.440% notes due 2029			1,250	-
	2.995% notes due 2039			750	-
	3.567% notes due 2045			1,000	1,000
	4.114% notes due 2046			2,500	2,500
	3.095% notes due 2049			1,500	-

XTO Energy Inc. (2)
	6.100% senior notes due 2036			193	195
	6.750% senior notes due 2037			296	299
	6.375% senior notes due 2038			229	230

Mobil Corporation
	8.625% debentures due 2021			250	250

Industrial revenue bonds due 2020-2051			1.388%	2,461	2,513
Other U.S. dollar obligations				89	102
Other foreign currency obligations				64	38
Finance lease obligations			9.518%	1,670	1,303
Debt issuance costs				(60)	(42)
		Total long-term debt		26,342	20,538

(1)Average effective interest rate for debt and average imputed interest rate for finance leases at December 31, 2019.

(2)Includes premiums of $92 million in 2019 and $97 million in 2018.