Table of Contents 14.  Long-term debt All outstanding notes and debentures are unsecured and rank equally with one another. On September 19, 2019, we issued $1.0 billion of 3.250% Senior Notes due 2049 and $500 million of 2.600% Senior Notes due 2029. On April 9, 2020, we issued $1.2 billion of 3.250% Senior Notes due 2050 and $800 million of 2.600% Senior Notes due 2030. Cat Financial’s medium-term notes are offered by prospectus and are issued through agents at fixed and floating rates. Medium-term notes due after one year have a weighted average interest rate of 2.0% with remaining maturities up to 7 years at December 31, 2020. The above table includes $56 million of medium-term notes that can be called at par. Effective yield to maturity includes the impact of discounts, premiums and debt issuance costs. 1 Redeemable at our option in whole or in part at any time at a redemption price equal to the greater of (i) 100% of the principal amount or (ii) the discounted present value of the notes or debentures, calculated in accordance with the terms of such notes or debentures. 2 121 December 31, (Millions of dollars) Effective Yield to Maturity  2020 2019 Machinery, Energy & Transportation: Notes—$1,250 million of 3.900% due 2021  4.01% $ — $ 1,248  Notes—$759 million of 5.200% due 2041  5.27% 752 752  Debentures—$120 million of 9.375% due 2021 9.41% — 120  Debentures—$500 million of 2.600% due 2022  2.70% 499 499  Debentures—$82 million of 8.000% due 2023 8.06% 82 82  Debentures—$1,000 million of 3.400% due 2024 3.46% 998 998  Debentures—$193 million of 6.625% due 2028  6.68% 192 192  Debentures—$500 million of 2.600% due 2029  2.67% 497 497  Debentures—$800 million of 2.600% due 2030  2.72% 793 —  Debentures—$242 million of 7.300% due 2031  7.38% 240 240  Debentures—$307 million of 5.300% due 2035  8.64% 223 220  Debentures—$460 million of 6.050% due 2036  6.12% 456 456  Debentures—$65 million of 8.250% due 2038  8.38% 64 64  Debentures—$160 million of 6.950% due 2042  7.02% 158 158  Debentures—$1,722 million of 3.803% due 2042  6.39% 1,296 1,277  Debentures—$500 million of 4.300% due 2044 4.39% 493 493  Debentures—$1,000 million of 3.250% due 2049  3.34% 983 982  Debentures—$1,200 million of 3.250% due 2050  3.32% 1,185 —  Debentures—$500 million of 4.750% due 2064 4.81% 494 494  Debentures—$246 million of 7.375% due 2097  7.51% 241 241  Finance lease obligations & other 103 128  Total Machinery, Energy & Transportation 9,749 9,141  Financial Products: Medium-term notes 16,012 16,719  Other 238 421  Total Financial Products 16,250 17,140  Total long-term debt due after one year $ 25,999 $ 26,281  1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2