Debt and Banking Arrangements

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt and Banking Arrangements [Text Block]

Note 6 – Debt and Banking Arrangements

Issuances

Our senior unsecured public debt issuances for 2024 are as follows:

Issue Date	Maturity Date	Amount		Rate
		(Millions)
January 5, 2024	March 15, 2029	$	1,100	4.900%
January 5, 2024	March 15, 2034	1,000		5.150%

Retirements

Our senior unsecured public debt retirements for 2024 are as follows:

Date of Retirement	Maturity Date	Amount		Rate
		(Millions)
March 4, 2024	March 4, 2024	$	1,000	4.300%
June 24, 2024	June 24, 2024	1,250		4.550%

Credit Facility

	June 30, 2024
	Stated Capacity		Outstanding
	(Millions)
Long-term credit facility (1)	$	3,750	$	—
Letters of credit under certain bilateral bank agreements			12

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(1)    In managing our available liquidity, we do not expect a maximum outstanding amount in excess of the capacity of our credit facility inclusive of any outstanding amounts under our commercial paper program.

Commercial Paper Program

At June 30, 2024, we had $631 million (at par value) of Commercial paper outstanding at a weighted-average interest rate of 5.60 percent under our $3.5 billion commercial paper program.