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Debt
 6 Months Ended
Jun. 30, 2012
Debt [Abstract]  
Debt
Debt
 
Our debt consists of the following:
 
June 30,
2012
 
 
December 31,
2011
 
 
Debt
 
Interest Rate
 
 
Debt
 
Interest Rate
 
(millions, except percentages)
 
 
 
 
 
 
 
 
 
Credit Facility, due October 14, 2016 (1)
$
—

 
—

 
 
$
—

 
—

 
CONSOL Installment Payments, due September 30, 2012 and 2013
656

 
1.76
%
(2) 
 
656

 
1.76
%
(2) 
FPSO Lease Obligation
333

 
—

 
 
355

 
—

 
5¼% Senior Notes, due April 15, 2014
200

 
5.25
%
 
 
200

 
5.25
%
 
8¼% Senior Notes, due March 1, 2019
1,000

 
8.25
%
 
 
1,000

 
8.25
%
 
4.15% Senior Notes, due December 15, 2021
1,000

 
4.15
%
 
 
1,000

 
4.15
%
 
7¼% Senior Notes, due October 15, 2023
100

 
7.25
%
 
 
100

 
7.25
%
 
8% Senior Notes, due April 1, 2027
250

 
8.00
%
 
 
250

 
8.00
%
 
6% Senior Notes, due March 1, 2041
850

 
6.00
%
 
 
850

 
6.00
%
 
7¼% Senior Debentures, due August 1, 2097
84

 
7.25
%
 
 
84

 
7.25
%
 
Total
4,473

 
 

 
 
4,495

 
 

 
Unamortized Discount
(19
)
 
 

 
 
(26
)
 
 

 
Total Debt, Net of Discount
4,454

 
 

 
 
4,469

 
 

 
Less Amounts Due Within One Year
 

 
 

 
 
 

 
 

 
CONSOL Installment Payment, due September 30, 2012, net of discount
(327
)
 
 

 
 
(324
)
 
 

 
FPSO Lease Obligation
(53
)
 
 

 
 
(45
)
 
 

 
Long-Term Debt Due After One Year
$
4,074

 
 

 
 
$
4,100

 
 

 

(1) 
Our Credit Agreement provides for a $3.0 billion unsecured five-year revolving credit facility. The Credit Facility is available for general corporate purposes.
(2) 
Imputed rate based on the prevailing market rates for similar debt instruments at the date of assessment.
 
See Note 7. Fair Value Measurements and Disclosures for a discussion of methods and assumptions used to estimate the fair values of our debt.