Debt And Related Expenses (Tables)

12 Months Ended

Dec. 31, 2013

Schedule Of Long-term Debt Instruments

	December 31,
	2013		2012
	(In millions)
Commercial paper	$	1,317	$	3,189
Other debentures and notes:
5.625% due January 15, 2014		500		500
Floating rate due December 15, 2015		500		-
2.40% due July 15, 2016		500		500
Floating rate due December 15, 2016		350		-
1.20% due December 15, 2016		650		-
1.875% due May 15, 2017		750		750
8.25% due July 1, 2018		125		125
2.25% due December 15, 2018		750		-
6.30% due January 15, 2019		700		700
4.00% due July 15, 2021		500		500
3.25% due May 15, 2022		1,000		1,000
7.50% due September 15, 2027		150		150
7.875% due September 30, 2031		1,250		1,250
7.95% due April 15, 2032		1,000		1,000
5.60% due July 15, 2041		1,250		1,250
4.75% due May 15, 2042		750		750
Net discount on debentures and notes		(20)		(20)
Total debt		12,022		11,644
Less amount classified as short-term debt (1)		4,066		3,189
Long-term debt	$	7,956	$	8,455

__________________________

2013 short-term debt consists of $2.25 billion of senior notes recently issued in conjunction with the planned GeoSouthern acquisition, $1.3 billion of commercial paper and $500 million of senior notes due January 15, 2014.

Schedule Of Debt Maturities

2014	$	4,067
2015		-
2016		500
2017		750
2018		125
2019 and thereafter		6,600
Total	$	12,042

Schedule Of Debt Assumed Upon Acquisition Of Business

	Fair Value of Debt Assumed		Effective Rate of Debt Assumed
Debt Assumed		(In millions)
8.250% due July 2018 (principal of $125 million)	$	147		5.5%
7.500% due September 2027 (principal of $150 million)	$	169		6.5%

Schedule Of Interest Expense Components

	Year Ended December 31,
	2013		2012		2011
	(In millions)
Interest based on debt outstanding	$	466	$	440	$	414
Capitalized interest		(56)		(48)		(72)
Other fees and expenses		27		14		10
Interest expense		437		406		352
Interest income		(20)		(36)		(21)
Net financing costs	$	417	$	370	$	331

Other Debentures And Notes [Member]

Schedule Of Long-term Debt Instruments

	Date Issued
	May 2012		July 2011		January 2009		March 2002
1.875% due May 15, 2017	$	750	$	-	$	-	$	-
3.25% due May 15, 2022		1,000		-		-		-
4.75% due May 15, 2042		750		-		-		-
2.40% due July 15, 2016		-		500		-		-
4.00% due July 15, 2021		-		500		-		-
5.60% due July 15, 2041		-		1,250		-		-
5.625% due January 15, 2014		-		-		500		-
6.30% due January 15, 2019		-		-		700		-
7.95% due April 15, 2032		-		-		-		1,000
Discount and issuance costs		(35)		(29)		(13)		(14)
Net proceeds	$	2,465	$	2,221	$	1,187	$	986

GeoSouthern Intermediate Holdings, LLC [Member]

Schedule Of Long-term Debt Instruments

Floating rate due December 15, 2015	$	500
Floating rate due December 15, 2016		350
1.20% due December 15, 2016		650
2.25% due December 15, 2018		750
Discount and issuance costs		(2)
Net proceeds	$	2,248