HALLIBURTON CO Debt Disclosure
December 31, | ||
Millions of dollars | 2025 | 2024 |
5.0% senior notes due November 2045 | $1,887 | $1,887 |
2.92% senior notes due March 2030 | 1,000 | 1,000 |
4.85% senior notes due November 2035 | 997 | 997 |
7.45% senior notes due September 2039 | 938 | 938 |
4.75% senior notes due August 2043 | 846 | 846 |
6.7% senior notes due September 2038 | 763 | 763 |
4.5% senior notes due November 2041 | 469 | 469 |
7.6% senior debentures due August 2096 | 226 | 226 |
6.75% senior notes due February 2027 | 90 | 90 |
Other | 6 | 6 |
Unamortized debt issuance costs and discounts | (64) | (62) |
Total long-term debt | $7,158 | $7,160 |
Short-term borrowings and current maturities of long-term debt | — | 381 |
Total debt | $7,158 | $7,541 |
December 31, | ||
Millions of dollars | 2025 | 2024 |
4.75% senior notes due August 2043 | $— | $32 |
4.5% senior notes due November 2041 | — | 31 |
5.0% senior notes due November 2045 | — | 24 |
7.45% senior notes due September 2039 | — | 8 |
4.85% senior notes due November 2035 | — | 3 |
7.6% senior debentures due August 2096 | — | 2 |
Total Repurchases | $— | $100 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 6, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 6, 2024 | |
| 2019 | Feb 11, 2020 | |
| 2018 | Feb 13, 2019 | |
| 2017 | Feb 9, 2018 | |
| 2016 | Feb 7, 2017 | |
| 2015 | Feb 5, 2016 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.