Analysis of Debt

Booking Holdings Inc., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current finance lease liabilities	34)	21)	4)	—)	—)
Short-term debt	1,961)	500)	1,989)	985)	988)
Non-current finance lease liabilities	34)	32)	6)	—)	—)
Long-term debt	12,223)	11,985)	8,937)	11,029)	7,640)
Total outstanding debt and finance lease liabilities (carrying amount)	14,252)	12,538)	10,936)	12,014)	8,628)

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Debt item	Description	The company
Total outstanding debt and finance lease liabilities (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Booking Holdings Inc. total debt increased from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Outstanding debt	15,200)
Finance lease liabilities	68)
Total outstanding debt and finance lease liabilities (fair value)	15,268)
Financial Ratio
Debt, fair value to carrying amount ratio	1.07

Weighted-average effective interest rate on debt and finance lease liabilities: 3.43%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.54%	1,104)	28)
3.76%	499)	19)
0.30%	1,048)	3)
4.10%	857)	35)
3.70%	998)	37)
4.08%	825)	34)
1.86%	1,103)	21)
3.63%	499)	18)
0.63%	825)	5)
3.74%	549)	21)
4.35%	823)	36)
4.72%	1,492)	70)
4.57%	1,098)	50)
4.26%	1,367)	58)
4.81%	1,097)	53)
3.10%	68)	2)
Total	14,252)	490)
3.43%

¹ US$ in millions

² Weighted-average interest rate = 100 × 490 ÷ 14,252 = 3.43%

Booking Holdings Inc. (NASDAQ:BKNG)