| 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,
2026 | | December 31,
2025 | 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 | | | 727 | | 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% | 569 | | | 585 | | Guaranteed Notes due 2027, $1,000 million, 3.5% ($1 million of discount) | 589 | | | 590 | | Guaranteed Notes due 2031, €500 million, 1.625% ($3 million of discount; $2 million of debt issuance cost) | 560 | | | 577 | | | Issued by LYB International Finance III LLC: | Guaranteed Notes due 2030, $500 million, 3.375% | 144 | | | 142 | | Guaranteed Notes due 2030, $500 million, 2.25% ($2 million of discount; $2 million of debt issuance cost) | 481 | | | 481 | | Guaranteed Notes due 2031, $500 million, 5.125% ($1 million of discount; $4 million of debt issuance cost) | 495 | | | 495 | | Guaranteed Notes due 2033, $500 million, 5.625% ($4 million of debt issuance cost) | 496 | | | 496 | | Guaranteed Notes due 2034, $750 million, 5.5% ($5 million of discount, $6 million of debt issuance cost) | 739 | | | 739 | | Guaranteed Notes due 2035, $500 million, 6.150% ($1 million of discount, $5 million of debt issuance cost | 494 | | | 494 | | Guaranteed Notes due 2036, $1,000 million, 5.875% ($7 million of discount, $9 million of debt issuance cost | 984 | | | 984 | | Guaranteed Notes due 2040, $750 million, 3.375% ($1 million of discount; $6 million of debt issuance cost) | 743 | | | 743 | | Guaranteed Notes due 2049, $1,000 million, 4.2% ($13 million of discount; $10 million of debt issuance cost) | 977 | | | 977 | | Guaranteed Notes due 2050, $1,000 million, 4.2% ($6 million of discount; $10 million of debt issuance cost) | 970 | | | 971 | | Guaranteed Notes due 2051, $1,000 million, 3.625% ($2 million of discount; $9 million of debt issuance cost) | 950 | | | 952 | | Guaranteed Notes due 2060, $500 million, 3.8% ($4 million of discount; $5 million of debt issuance cost) | 485 | | | 487 | | | Other | 15 | | | 14 | | | Total | 12,676 | | | 12,712 | | | Less current maturities | (1,461) | | | (588) | | | Long-term debt | $ | 11,215 | | | $ | 12,124 | |
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 | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | Guaranteed Notes due 2025, 1.25% | | $ | — | | | $ | (1) | | | $ | — | | | $ | (3) | | | $ | — | | | $ | — | | Guaranteed Notes due 2026, 0.875% | | (1) | | | (1) | | | (1) | | | (1) | | | 1 | | | 2 | | Guaranteed Notes due 2027, 3.5% | | — | | | (1) | | | 1 | | | (3) | | | 1 | | | — | | Guaranteed Notes due 2030, 3.375% | | — | | | (2) | | | — | | | (5) | | | (2) | | | (2) | | Guaranteed Notes due 2030, 2.25% | | 1 | | | (2) | | | 1 | | | (5) | | | 15 | | | 14 | | Guaranteed Notes due 2031, 1.625% | | (1) | | | (1) | | | — | | | 1 | | | 5 | | | 5 | | Guaranteed Notes due 2050, 4.2% | | 1 | | | (1) | | | 1 | | | (2) | | | 14 | | | 13 | | Guaranteed Notes due 2051, 3.625% | | 1 | | | (9) | | | 2 | | | (23) | | | 39 | | | 37 | | Guaranteed Notes due 2060, 3.8% | | 1 | | | (2) | | | 2 | | | (4) | | | 6 | | | 4 | | | Total | | $ | 2 | | | $ | (20) | | | $ | 6 | | | $ | (45) | | | $ | 79 | | | $ | 73 | |
|