| Schedule of Consolidated Debt Obligations |
The following table presents our consolidated debt obligations (arranged by company and maturity date) at the dates indicated: | | | | | | | | | | | | | | | | | | | September 30,
2026 | | December 31,
2025 | | EPO senior debt obligations: | | | | | Commercial Paper Notes, variable-rates | $ | 660 | | | $ | – | | Senior Notes FFF, 5.05% fixed-rate, due January 2026 | – | | | 750 | | Senior Notes PP, 3.70% fixed-rate, due February 2026 | – | | | 875 | | Senior Notes HHH, 4.60% fixed-rate, due January 2027 | 1,000 | | | 1,000 | | Senior Notes SS, 3.95% fixed-rate, due February 2027 | 575 | | | 575 | | March 2026 $1.5 Billion 364-Day Revolving Credit Agreement, variable-rate, due March 2027 (1) | – | | | – | | July 2026 $1.0 Billion Incremental Credit Agreement, variable-rate, due March 2027 | – | | | – | | Senior Notes LLL, 4.30% fixed-rate, due June 2028 | 800 | | | 800 | | Senior Notes WW, 4.15% fixed-rate, due October 2028 | 1,000 | | | 1,000 | | Senior Notes YY, 3.125% fixed-rate, due July 2029 | 1,250 | | | 1,250 | | Senior Notes AAA, 2.80% fixed-rate, due January 2030 | 1,250 | | | 1,250 | | March 2023 $2.7 Billion Multi-Year Revolving Credit Agreement, variable-rate, due March 2030 (2) | – | | | – | | Senior Notes MMM, 4.60% fixed-rate, due January 2031 | 1,350 | | | 1,350 | | Senior Notes GGG, 5.35% fixed-rate, due January 2033 | 1,000 | | | 1,000 | | Senior Notes D, 6.875% fixed-rate, due March 2033 | 500 | | | 500 | | Senior Notes III, 4.85% fixed-rate, due January 2034 | 1,000 | | | 1,000 | | Senior Notes H, 6.65% fixed-rate, due October 2034 | 350 | | | 350 | | Senior Notes JJJ, 4.95% fixed-rate, due February 2035 | 1,100 | | | 1,100 | | Senior Notes J, 5.75% fixed-rate, due March 2035 | 250 | | | 250 | | Senior Notes NNN, 5.20% fixed-rate, due January 2036 | 1,500 | | | 1,500 | | Senior Notes W, 7.55% fixed-rate, due April 2038 | 400 | | | 400 | | Senior Notes R, 6.125% fixed-rate, due October 2039 | 600 | | | 600 | | Senior Notes Z, 6.45% fixed-rate, due September 2040 | 600 | | | 600 | | Senior Notes BB, 5.95% fixed-rate, due February 2041 | 750 | | | 750 | | Senior Notes DD, 5.70% fixed-rate, due February 2042 | 600 | | | 600 | | Senior Notes EE, 4.85% fixed-rate, due August 2042 | 750 | | | 750 | | Senior Notes GG, 4.45% fixed-rate, due February 2043 | 1,100 | | | 1,100 | | Senior Notes II, 4.85% fixed-rate, due March 2044 | 1,400 | | | 1,400 | | Senior Notes KK, 5.10% fixed-rate, due February 2045 | 1,150 | | | 1,150 | | Senior Notes QQ, 4.90% fixed-rate, due May 2046 | 975 | | | 975 | | Senior Notes UU, 4.25% fixed-rate, due February 2048 | 1,250 | | | 1,250 | | Senior Notes XX, 4.80% fixed-rate, due February 2049 | 1,250 | | | 1,250 | | Senior Notes ZZ, 4.20% fixed-rate, due January 2050 | 1,250 | | | 1,250 | | Senior Notes BBB, 3.70% fixed-rate, due January 2051 | 1,000 | | | 1,000 | | Senior Notes DDD, 3.20% fixed-rate, due February 2052 | 1,000 | | | 1,000 | | Senior Notes EEE, 3.30% fixed-rate, due February 2053 | 1,000 | | | 1,000 | | Senior Notes NN, 4.95% fixed-rate, due October 2054 | 400 | | | 400 | | Senior Notes KKK, 5.55% fixed-rate, due February 2055 | 1,400 | | | 1,400 | | Senior Notes CCC, 3.95% fixed-rate, due January 2060 | 1,000 | | | 1,000 | | | Total principal amount of senior debt obligations | 31,460 | | | 32,425 | | EPO Junior Subordinated Notes C, variable-rate, due June 2067 (3) | 232 | | | 232 | | EPO Junior Subordinated Notes D, variable-rate, due August 2077 (4) | 350 | | | 350 | | EPO Junior Subordinated Notes E, fixed/variable-rate, due August 2077 (5) | 1,000 | | | 1,000 | | EPO Junior Subordinated Notes F, fixed/variable-rate, due February 2078 (6) | 700 | | | 700 | | | Total principal amount of senior and junior debt obligations | 33,742 | | | 34,707 | | | Other, non-principal amounts | (299) | | | (312) | | | Less current maturities of debt | (2,234) | | | (1,625) | | | Total long-term debt | $ | 31,209 | | | $ | 32,770 | | | | | |
(1)Under the terms of the agreement, EPO may borrow up to $1.5 billion (which may be increased by up to $200 million to $1.7 billion at EPO’s election provided certain conditions are met). (2)Under the terms of the agreement, EPO may borrow up to $2.7 billion (which may be increased by up to $500 million to $3.2 billion at EPO’s election provided certain conditions are met). (3)Variable rate is reset quarterly and based on 3-month Chicago Mercantile Exchange (“CME”) Term Secured Overnight Financing Rate (“SOFR”) plus (a) a 0.26161% tenor spread adjustment and (b) 2.778%. (4)Variable rate is reset quarterly and based on 3-month CME Term SOFR plus (a) a 0.26161% tenor spread adjustment and (b) 2.986%. (5)Fixed rate of 5.250% through August 15, 2027; thereafter, a variable rate reset quarterly and based on 3-month CME Term SOFR plus (a) a 0.26161% tenor spread adjustment and (b) 3.033%. (6)Fixed rate of 5.375% through February 14, 2028; thereafter, a variable rate reset quarterly and based on 3-month CME Term SOFR plus (a) a 0.26161% tenor spread adjustment and (b) 2.57%. The following table presents the range of interest rates and weighted-average interest rates paid on our consolidated variable-rate debt during the nine months ended September 30, 2026: | | | | | | | | | | Range of Interest
Rates Paid | Weighted-Average
Interest Rate Paid | | Commercial Paper Notes | 3.78% to 4.10% | 3.92% | | EPO Junior Subordinated Notes C | 6.70% to 6.83% | 6.74% | | EPO Junior Subordinated Notes D | 6.90% to 7.10% | 6.95% |
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