LyondellBasell Industries N.V.
For the period ended Mar 31, 2026. Filed May 1, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 1, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Debt
- 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 | March 31,2026 | 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% | 572 | 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) | 563 | 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) | 482 | 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) | 971 | 971 |
| Guaranteed Notes due 2051, $1,000 million, 3.625% ($2 million of discount; $9 million of debt issuance cost) | 951 | 952 |
| Guaranteed Notes due 2060, $500 million, 3.8% ($4 million of discount; $5 million of debt issuance cost) | 486 | 487 |
| Other | 24 | 14 |
| Total | 12,695 | 12,712 |
| Less current maturities | (1,467) | (588) |
| Long-term debt | $11,228 | $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 ValueHedging Adjustments Includedin Carrying Amount of Debt | ||||
|---|---|---|---|---|
| Three Months EndedMarch 31, · March 31, · December 31, | ||||
| Millions of dollars | 2026 | 2025 | 2026 | 2025 |
| Guaranteed Notes due 2025, 1.25% | $— | $(1) | $— | $— |
| Guaranteed Notes due 2026, 0.875% | — | — | 2 | 2 |
| Guaranteed Notes due 2027, 3.5% | 1 | (3) | 1 | — |
| Guaranteed Notes due 2030, 3.375% | — | (3) | (2) | (2) |
| Guaranteed Notes due 2030, 2.25% | — | (2) | 14 | 14 |
| Guaranteed Notes due 2031, 1.625% | 1 | 2 | 6 | 5 |
| Guaranteed Notes due 2050, 4.2% | — | (1) | 13 | 13 |
| Guaranteed Notes due 2051, 3.625% | 1 | (14) | 38 | 37 |
| Guaranteed Notes due 2060, 3.8% | 1 | (3) | 5 | 4 |
| Total | $4 | $(25) | $77 | $73 |
Fair value adjustments are recognized in Interest expense in the Consolidated Statements of Income.
Long-Term Debt
Senior Revolving Credit Facility—Our $3,750 million senior unsecured revolving credit facility (the “Senior Revolving Credit Facility”), which expires in July 2029, may be used for dollar and euro denominated borrowings. As of March 31, 2026, we hadno borrowings or letters of credit outstanding and $3,750 million of unused availability under this facility.
Short-Term Debt
U.S. Receivables Facility—Our U.S. Receivables Facility, which expires in June 2026, has a purchase limit of $900 million in addition to a $300 million uncommitted accordion feature. As of March 31, 2026, we hadno borrowings or letters of credit outstanding and $900 million unused availability under this facility.
Commercial Paper Program—We have a commercial paper program under which we may issue up to $2,500 million of privately placed, unsecured, short-term promissory notes (“commercial paper”). As of March 31, 2026, we hadno borrowings of outstanding commercial paper.
Precious Metal Financings—At March 31, 2026 and December 31, 2025, we had $226 million of Short-term debt related to our precious metal financings.
Weighted Average Interest Rate—As of March 31, 2026 and December 31, 2025, our weighted average interest rate on outstanding Short-term debt was 2.7%.
Additional Information
Debt Compliance—As of March 31, 2026, we are in compliance with our debt covenants.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.