| Schedule of Debt |
Long-term debt at December 31 was: | | | | | | | | | | Millions of Dollars | | 2025 | 2024 | 2.4% Notes due 2025 | — | | 366 | | 8.2% Debentures due 2025 | — | | 134 | | 3.35% Notes due 2025 | — | | 199 | | 6.875% Debentures due 2026 | 67 | | 67 | | 7.8% Debentures due 2027 | 120 | | 120 | | 4.4% Notes due 2027 | 422 | | 424 | | 3.75% Notes due 2027 | 196 | | 196 | | 4.3% Notes due 2028 | 223 | | 223 | | 7.375% Debentures due 2029 | 66 | | 66 | | 7.0% Debentures due 2029 | 95 | | 95 | | 5.3% Notes due 2029 | 84 | | 86 | | 6.95% Notes due 2029 | 705 | | 705 | | 4.7% Notes due 2030 | 1,350 | | 1,350 | | 8.125% Notes due 2030 | 207 | | 207 | | 2.4% Notes due 2031 | 227 | | 227 | | 7.2% Notes due 2031 | 447 | | 447 | | 7.25% Notes due 2031 | 268 | | 268 | | 7.4% Notes due 2031 | 232 | | 232 | | 4.85% Notes due 2032 | 650 | | 650 | | 6.8% Notes due 2032 | 180 | | 180 | | 5.9% Notes due 2032 | 505 | | 505 | | 5.05% Notes due 2033 | 1,000 | | 1,000 | | 5.7% Notes due 2034 | 103 | | 103 | | 4.15% Notes due 2034 | 246 | | 246 | | 5.0% Notes due 2035 | 1,250 | | 1,250 | | 5.95% Notes due 2036 | 326 | | 326 | | 5.951% Notes serially maturing 2022 through 2037 | 541 | | 573 | | 6.6% Notes due 2037 | 335 | | 335 | | 5.9% Notes due 2038 | 350 | | 350 | | 6.5% Notes due 2039 | 1,588 | | 1,588 | | 3.758% Notes due 2042 | 785 | | 785 | | 4.3% Notes due 2044 | 750 | | 750 | | 5.2% Notes due 2045 | 186 | | 186 | | 5.95% Notes due 2046 | 329 | | 329 | | 7.9% Debentures due 2047 | 60 | | 60 | | 4.875% Notes due 2047 | 319 | | 319 | | 4.85% Notes due 2048 | 219 | | 219 | | 3.8% Notes due 2052 | 1,100 | | 1,100 | | 5.3% Notes due 2053 | 1,100 | | 1,100 | | 5.55% Notes due 2054 | 1,000 | | 1,000 | | 5.5% Notes due 2055 | 1,300 | | 1,300 | | 4.025% Notes due 2062 | 1,770 | | 1,770 | | 5.7% Notes due 2063 | 700 | | 700 | | | | | 5.65% Notes due 2065 | 650 | | 650 | | Marine Terminal Revenue Refunding Bonds due 2031 at 1.23% – 5.05% during 2025 and 1.78% – 4.80% during 2024 | 265 | | 265 | |
| | | | | | | | | Industrial Development Bonds due 2035 at 1.23% – 5.05% during 2025 and 1.78% – 4.22% during 2024 | 18 | | 18 | | | | | | | | | | | St. John the Baptist Parish, State of Louisiana—Revenue Refunding Bonds due 20371: $200 at 2.20%, $200 at 2.375%, $200 at 4.05%, $400 at 3.30%1 | 1,000 | | 1,000 | | | | | | Other | 13 | | 16 | | | Debt at face value | 23,347 | | 24,085 | | | Finance leases | 801 | | 940 | | | Net unamortized premiums, discounts and debt issuance costs | (704) | | (701) | | | Total debt | 23,444 | | 24,324 | | | Short-term debt | (1,020) | | (1,035) | | | Long-term debt | $ | 22,424 | | 23,289 | |
1Future mandatory purchase dates for these bonds: July 1, 2026 for the 2.20% bonds of $200 million, 2.375% bonds of $200 million, 4.05% bonds of $200 million and July 3, 2028 for the 3.30% bonds of $400 million. Subsequent to the mandatory purchase dates, we will also have the right to remarket these bonds any time up to the 2037 maturity date.
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