Analysis of Debt

Marathon Oil Corp., balance sheet: debt

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Current portion of long-term finance lease liability	6)	—)	—)	—)	—)
Long-term debt due within one year	36)	—)	—)	—)	—)
Long-term debt, excluding due within one year	3,978)	5,404)	5,501)	5,499)	5,494)
Long-term finance lease liability, excluding current portion	24)	—)	—)	—)	—)
Total long-term debt and finance lease liability, including current portion (carrying amount)	4,044)	5,404)	5,501)	5,499)	5,494)

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Debt item	Description	The company
Total long-term debt and finance lease liability, including current portion (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Marathon Oil Corp. total debt decreased from 2019 to 2020 and from 2020 to 2021.

	Dec 31, 2021
Selected Financial Data (US$ in millions)
Long-term debt, including current portion	4,705)
Long-term finance lease liability, including current portion	30)
Total long-term debt and finance lease liability, including current portion (fair value)	4,735)
Financial Ratio
Debt, fair value to carrying amount ratio	1.17

Weighted-average interest rate on debt: 4.89%

Interest rate	Debt amount¹	Interest rate × Debt amount
9.38%	32)	3)
8.50%	70)	6)
8.13%	131)	11)
4.40%	1,000)	44)
6.80%	550)	37)
6.60%	750)	50)
5.20%	500)	26)
2.00%	200)	4)
2.10%	200)	4)
2.20%	200)	4)
2.13%	200)	4)
2.38%	200)	5)
2.00%	30)	1)
Total	4,063)	199)
4.89%

¹ US$ in millions

² Weighted-average interest rate = 100 × 199 ÷ 4,063 = 4.89%

Marathon Oil Corp. (NYSE:MRO)