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Debt
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Debt
Note 7. Debt
Debt consists of the following:
 
June 30, 2019
 
December 31, 2018
(millions, except percentages)
Debt
 
Interest Rate

 
Debt
 
Interest Rate
Noble Energy, Excluding Noble Midstream Partners
 
 
 
 
 
 
 
  Revolving Credit Facility, due March 9, 2023
$
—

 
—
%
 
$
—

 
—
%
  Commercial Paper Borrowings
240

 
(1 
) 
 
—

 
—
%
  Senior Notes and Debentures
5,884

 
(2 
) 
 
5,892

 
(2 
) 
  Finance Lease Obligations
211

 
—
%
 
223

 
—
%
Total Noble Energy Debt, Excluding Noble Midstream Partners Debt
6,335

 
 
 
6,115

 
 
Noble Midstream Partners
 
 
 
 
 
 
 
Noble Midstream Services Revolving Credit Facility, due March 9, 2023 (3)
370

 
3.77
%
 
60

 
3.67
%
Noble Midstream Services Term Loan Credit Facility, due July 31, 2021
500

 
3.51
%
 
500

 
3.42
%
Total Noble Midstream Partners Debt
870

 
 
 
560

 
 
Total Debt
7,205

 
 
 
6,675

 
 
Net Unamortized Discounts and Debt Issuance Costs
(58
)
 
 
 
(60
)
 
 
Total Debt, Net of Unamortized Discounts and Debt Issuance Costs
7,147

 
 
 
6,615

 
 
Less Amounts Due Within One Year
 
 
 
 
 
 
 
  Commercial Paper Borrowings
(240
)
 
 
 
—

 
 
Finance Lease Obligations
(41
)
 
 
 
(41
)
 
 
Long-Term Debt Due After One Year
$
6,866

 
 
 
$
6,574

 
 

(1) 
As of June 30, 2019, the weighted average interest rate for outstanding commercial paper was 3.04%.
(2) 
As of June 30, 2019 and December 31, 2018, the Senior Notes and Debentures had weighted average interest rates of 5.00% and 5.01%, respectively.
(3) 
As of June 30, 2019 and December 31, 2018, the Noble Midstream Services Revolving Credit Facility had $800 million of capacity. Amounts available for borrowing totaled $430 million and $740 million, respectively.
Commercial Paper Program In first quarter 2019, we established a commercial paper program to provide for short-term funding needs. The program allows for a maximum of $4.0 billion of unsecured commercial paper notes and is supported by Noble Energy’s $4.0 billion Revolving Credit Facility. Our commercial paper notes, which generally have a maturity of less than 30 days, are sold under customary terms in the commercial paper market and notes are either issued at a discounted price relative to the principal face value or bear interest at varying interest rates on a fixed or floating basis. Such discounted prices or interest rates are dependent on market conditions and ratings assigned to the commercial paper program by credit agencies at the time of commercial paper issuance. At June 30, 2019, outstanding commercial paper borrowings totaled $240 million, leaving $3.8 billion available for borrowing under our $4.0 billion Revolving Credit Facility.
Redemption of Senior Notes In June 2019, we redeemed $8 million of Senior Notes due June 1, 2024 that we assumed in the 2015 merger with Rosetta Resources, Inc. for approximately $9 million, including call premium and interest.
Fair Value of Debt See Note 13. Fair Value Measurements and Disclosures.