Debt and Banking Arrangements
 3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
Note 8 – Debt and Banking Arrangements
Long-Term Debt
Issuances and retirements
On April 15, 2015, we paid $783 million, including a redemption premium, to early retire $750 million of 5.875 percent senior notes due 2021. At March 31, 2015, we classified the $798 million carrying value of these notes in Long-term debt due within one year in the Consolidated Balance Sheet.
On March 3, 2015, we completed a public offering of $1.25 billion of 3.6 percent senior unsecured notes due 2022, $750 million of 4 percent senior unsecured notes due 2025, and $1 billion of 5.1 percent senior unsecured notes due 2045. We used the net proceeds to repay amounts outstanding under our commercial paper program and credit facility, to fund capital expenditures, and for general partnership purposes.
We retired $750 million of 3.8 percent senior unsecured notes that matured on February 15, 2015.
Commercial Paper Program
As of April 29, 2015, we had $521 million of Commercial paper outstanding under our $3 billion commercial paper program.
Credit Facilities
On February 2, 2015, the credit facilities for Pre-merger WPZ and ACMP were terminated in connection with the Merger. Simultaneously, we also entered into a new $3.5 billion credit facility.
 
March 31, 2015
 
Stated Capacity
 
Outstanding
 
(Millions)
 
 
 
 
Loans
$
3,500

 
$
—

Swingline loans sublimit
150

 
—

Letters of credit sublimit
1,125

 
2

Letters of credit under certain bilateral bank agreements
 
 
3

On February 3, 2015, we entered into a short-term $1.5 billion credit facility. In accordance with its terms, this facility terminated on March 3, 2015, upon the completion of the previously described debt offering. We did not borrow under this credit facility.