Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).
The debt data over the analyzed periods reveal notable trends in both short-term and long-term obligations. Short-term debt exhibits irregular reporting and fluctuations, indicating variable reliance on immediate liabilities. It appears initially absent or unreported, then shows an increase to 999 million US dollars by January 31, 2021, disappears in the next period, and rises again to a stable level of 1250 million US dollars in the last two reported periods.
Long-term debt demonstrates a significant upward trajectory from 1991 million US dollars at the beginning of the period to a peak of 10,946 million by January 30, 2022. After this peak, a steady decline occurs, dropping to 9,703 million and further decreasing to approximately 8,463 million US dollars in the last period. This pattern suggests an initial phase of increased borrowing or capital raising through long-term debt, followed by strategic repayment or reduction efforts.
Total debt, summing short-term and long-term liabilities, follows a similar trend, climbing from 1991 million US dollars to a maximum of 10,953 million by January 29, 2023. Subsequently, total debt decreases to 9,709 million and further down to 8,463 million US dollars in the latest period. The close alignment of total debt figures with long-term debt values indicates that long-term debt constitutes the majority of total debt consistently throughout the periods.
Overall, the data indicates a pattern of growth in debt levels over the initial years, reaching a peak that coincides with increased short-term borrowing, followed by a period of deleveraging or debt reduction predominantly focused on long-term liabilities. The stabilization of short-term debt in recent periods may reflect more conservative liquidity management or a shift in financing strategy.
Total Debt (Fair Value)
Jan 26, 2025 | |
---|---|
Selected Financial Data (US$ in millions) | |
2.20% Notes Due 2021 | —) |
0.309% Notes Due 2023 | —) |
0.584% Notes Due 2024 | —) |
3.20% Notes Due 2026 | 982) |
1.55% Notes Due 2028 | 1,136) |
2.85% Notes Due 2030 | 1,376) |
2.00% Notes Due 2031 | 1,064) |
3.50% Notes Due 2040 | 824) |
3.50% Notes Due 2050 | 1,482) |
3.70% Notes Due 2060 | 367) |
Total total debt (fair value) | 7,231) |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 0.85 |
Based on: 10-K (reporting date: 2025-01-26).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 2.92%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
3.31% | 1,000) | 33) | |
1.64% | 1,250) | 21) | |
2.93% | 1,500) | 44) | |
2.09% | 1,250) | 26) | |
3.54% | 1,000) | 35) | |
3.54% | 2,000) | 71) | |
3.73% | 500) | 19) | |
Total | 8,500) | 249) | |
2.92% |
Based on: 10-K (reporting date: 2025-01-26).
1 US$ in millions
2 Weighted-average interest rate = 100 × 249 ÷ 8,500 = 2.92%