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Long-Term Debt
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-Term Debt
Long-Term Debt
Total long-term debt, excluding capital leases, at December 31, 2016, was $35,193. The company’s long-term debt outstanding at year-end 2016 and 2015 was as follows:
 
At December 31
 
 
2016
 
 
 
2015
 
 
Principal

Unamortized discounts and debt issuance costs

 
 
Principal

Unamortized discounts and debt issuance costs

3.191% notes due 2023
$
2,250

$
4

 
 
$
2,250

$
4

2.954% notes due 2026
2,250

6

 
 
—

—

Floating rate notes due 2017 (1.091%)1
2,050

1

 
 
2,050

2

1.104% notes due 2017
2,000

1

 
 
2,000

2

1.718% notes due 2018
2,000

1

 
 
2,000

2

2.355% notes due 2022
2,000

5

 
 
2,000

5

1.365% notes due 2018
1,750

1

 
 
1,750

2

1.961% notes due 2020
1,750

2

 
 
1,750

2

Floating rate notes due 2018 (1.310%)1
1,650

2

 
 
800

1

4.95% notes due 2019
1,500

2

 
 
1,500

2

1.561% notes due 2019
1,350

2

 
 
—

—

2.100% notes due 2021
1,350

2

 
 
—

—

1.790% notes due 2018
1,250

1

 
 
1,250

2

2.419% notes due 2020
1,250

2

 
 
1,250

2

1.345% notes due 2017
1,100

—

 
 
1,100

2

1.344% notes due 2017
1,000

1

 
 
1,000

1

2.427% notes due 2020
1,000

1

 
 
1,000

2

2.193% notes due 2019
750

1

 
 
750

1

2.566% notes due 2023
750

1

 
 
—

—

3.326% notes due 2025
750

2

 
 
750

2

2.411% notes due 2022
700

1

 
 
700

1

Floating rate notes due 2021 (1.599%)1
650

1

 
 
400

1

Floating rate notes due 2019 (1.316%)2
400

1

 
 
400

2

Floating rate notes due 2022 (1.472%)2
350

—

 
 
350

1

Amortizing bank loan due 2018 (1.527%)1
178

—

 
 
110

—

8.625% debentures due 2032
147

1

 
 
147

1

8.625% debentures due 2031
108

1

 
 
108

1

8% debentures due 2032
75

1

 
 
74

1

9.75% debentures due 2020
54

—

 
 
54

—

8.875% debentures due 2021
40

—

 
 
40

—

Medium-term notes, maturing from 2021 to 2038 (6.133%)1
38

—

 
 
38

—

0.889% notes due 2016
—

—

 
 
750

—

Floating rate notes due 2016
—

—

 
 
700

1

Total including debt due within one year
32,490

44

 
 
27,071

43

   Debt due within one year
(6,256
)
(3
)
 
 
(1,487
)
(1
)
   Reclassified from short-term debt
9,000

 
 
 
8,000

 
Total long-term debt
$
35,234

$
41

 
 
$
33,584

$
42

1 
Weighted-average interest rate at December 31, 2016.
2 
Interest rate at December 31, 2016.

Chevron has an automatic shelf registration statement that expires in August 2018. This registration statement is for an unspecified amount of nonconvertible debt securities issued or guaranteed by the company.
Long-term debt with a principal balance of $32,490 matures as follows: 2017 – $6,256; 2018 – $6,722; 2019 – $4,000; 2020 – $4,054; 2021 – $2,054; and after 2021 – $9,404.
The company completed a bond issuance of $6,800 in May 2016.

Effective January 1, 2016, Chevron adopted ASU 2015-03 on a retrospective basis. The standard requires that debt issuance costs related to a recognized liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability. On the Consolidated Balance Sheet, long-term debt net of unamortized discounts and debt issuance costs was $35,193 at December 31, 2016, and $33,542 at December 31, 2015.
See Note 10, beginning on page FS-37, for information concerning the fair value of the company’s long-term debt.