| Schedule of long-term debt |
Long-term loans, notes and other debt, net of unamortized discount, debt issuance cost and cumulative fair value hedging adjustments, consisted of the following: | | | | | | | | | | | | | Millions of dollars | June 30,
2025 | | December 31,
2024 | Senior Notes due 2055, $1,000 million, 4.625% ($15 million of discount; $10 million of debt issuance cost) | $ | 975 | | | $ | 975 | | Guaranteed Notes due 2027, $300 million, 8.1% | 300 | | | 300 | | | Issued by LYB International Finance B.V.: | Guaranteed Notes due 2043, $750 million, 5.25% ($17 million of discount; $6 million of debt issuance cost) | 727 | | | 726 | | Guaranteed Notes due 2044, $1,000 million, 4.875% ($9 million of discount; $8 million of debt issuance cost) | 983 | | | 983 | | | Issued by LYB International Finance II B.V.: | Guaranteed Notes due 2026, €500 million, 0.875% ($1 million of debt issuance cost) | 582 | | | 515 | | Guaranteed Notes due 2027, $1,000 million, 3.5% ($1 million of discount; $1 million of debt issuance cost) | 588 | | | 584 | | Guaranteed Notes due 2031, €500 million, 1.625% ($3 million of discount; $2 million of debt issuance cost) | 579 | | | 514 | | | Issued by LYB International Finance III LLC: | Guaranteed Notes due 2025, $500 million, 1.25% | 490 | | | 487 | | Guaranteed Notes due 2030, $500 million, 3.375% ($1 million of debt issuance cost) | 128 | | | 123 | | Guaranteed Notes due 2030, $500 million, 2.25% ($2 million of discount; $3 million of debt issuance cost) | 479 | | | 473 | | Guaranteed Notes due 2033, $500 million, 5.625% ($5 million of debt issuance cost) | 495 | | | 495 | | Guaranteed Notes due 2034, $750 million, 5.5% ($5 million of discount, $6 million of debt issuance cost) | 739 | | | 738 | | Guaranteed Notes due 2035, $500 million, 6.150% ($1 million of discount, $5 million of debt issuance cost | 494 | | | — | | Guaranteed Notes due 2040, $750 million, 3.375% ($1 million of discount; $7 million of debt issuance cost) | 742 | | | 742 | | Guaranteed Notes due 2049, $1,000 million, 4.2% ($13 million of discount; $10 million of debt issuance cost) | 977 | | | 976 | | Guaranteed Notes due 2050, $1,000 million, 4.2% ($6 million of discount; $10 million of debt issuance cost) | 984 | | | 982 | | Guaranteed Notes due 2051, $1,000 million, 3.625% ($2 million of discount; $10 million of debt issuance cost) | 941 | | | 918 | | Guaranteed Notes due 2060, $500 million, 3.8% ($4 million of discount; $5 million of debt issuance cost) | 486 | | | 482 | | | Other | 17 | | | 17 | | | Total | 11,706 | | | 11,030 | | | Less current maturities | (495) | | | (498) | | | Long-term debt | $ | 11,211 | | | $ | 10,532 | |
Fair value hedging adjustments associated with the fair value hedge accounting of our fixed-for-floating interest rate swaps for the applicable periods are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains (Losses) | | Cumulative Fair Value
Hedging Adjustments Included
in Carrying Amount of Debt | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | June 30, | | December 31, | | Millions of dollars | | 2025 | | 2024 | | 2025 | | 2024 | | 2025 | | 2024 | Guaranteed Notes due 2025, 1.25% | | $ | (1) | | | $ | (1) | | | $ | (3) | | | $ | (1) | | | $ | 1 | | | $ | 4 | | Guaranteed Notes due 2026, 0.875% | | (1) | | | — | | | (1) | | | — | | | 3 | | | 4 | | Guaranteed Notes due 2027, 3.5% | | (1) | | | — | | | (3) | | | 4 | | | 2 | | | 5 | | Guaranteed Notes due 2030, 3.375% | | (2) | | | — | | | (5) | | | 3 | | | 13 | | | 18 | | Guaranteed Notes due 2030, 2.25% | | (2) | | | — | | | (5) | | | 3 | | | 16 | | | 21 | | Guaranteed Notes due 2031, 1.625% | | (1) | | | 1 | | | 1 | | | 2 | | | 2 | | | 1 | | Guaranteed Notes due 2050, 4.2% | | (1) | | | (1) | | | (2) | | | (3) | | | — | | | 2 | | Guaranteed Notes due 2051, 3.625% | | (9) | | | (1) | | | (23) | | | 10 | | | 47 | | | 70 | | Guaranteed Notes due 2060, 3.8% | | (2) | | | — | | | (4) | | | 3 | | | 5 | | | 9 | | | Total | | $ | (20) | | | $ | (2) | | | $ | (45) | | | $ | 21 | | | $ | 89 | | | $ | 134 | |
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