Note 4. Debt

Our debt consists of the following:

	March 31,						December 31,
	2012						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		344			-			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		4,484						4,495
Unamortized Discount		(23	)					(26	)
Total Debt, Net of Discount		4,461						4,469
Less Amounts Due Within One Year
CONSOL Installment Payment, due September 30, 2012, net of discount		(325	)					(324	)
FPSO Lease Obligation		(48	)					(45	)
Long-Term Debt Due After One Year	$	4,088					$	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.

See Note 6. Fair Value Measurements and Disclosures for a discussion of methods and assumptions used to estimate the fair values of our debt.