Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2011

Our debt consists of the following:

	December 31,						December 31,
	2011						2010
	Debt			Interest Rate			Debt			Interest Rate
(millions, except percentages)
Credit Facility, due December 9, 2012 (Old Credit Facility)	$	-			-		$	350			0.57	%
Credit Facility, due October 14, 2016 (New Credit Facility)		-			-			-			-
CONSOL Installment Payments, due September 30, 2012 and 2013		656			1.76	%		-			-
FPSO Lease Obligation (1)		355			-			295			-
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	%		-			-
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	%		-			-
7¼% Senior Debentures, due August 1, 2097		84			7.25	%		84			7.25	%
Total		4,495						2,279
Unamortized Discount		(26	)					(7	)
Total Debt, Net of Discount		4,469						2,272
Less Amounts Due Within One Year
CONSOL Installment Payment, due September 30, 2012, net of discount		(324	)					-
FPSO Lease Obligation		(45	)					-
Long-Term Debt Due After One Year	$	4,100					$	2,272

(1)	Amount reported at December 31, 2010 was based on percentage of Aseng FPSO construction activities completed as of December 31, 2010. Amounts do not reflect future minimum lease payments. See Aseng FPSO Lease Obligation below.

Annual maturities of outstanding debt, excluding Aseng FPSO lease payments, are as follows: