NXP Semiconductors N.V., balance sheet: debt

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term debt	—)	—)	—)	1,107)	751)
Long-term debt	10,572)	7,609)	7,365)	6,247)	5,814)
Total current and non-current debt (carrying amount)	10,572)	7,609)	7,365)	7,354)	6,565)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31).

The data reveals key trends in the company's debt structure over the five-year period ending in 2021. There is an observable shift in the composition and magnitude of both short-term and long-term debt.

Short-term Debt: The short-term debt was reported at 751 million US dollars in 2017, increasing to 1107 million US dollars in 2018. Subsequently, no data is available for short-term debt from 2019 onward, indicating either non-reporting or a possible significant reduction or restructuring of this debt category.
Long-term Debt: Long-term debt exhibited a consistent upward trend throughout the period. Starting at 5814 million US dollars in 2017, it increased steadily to 6247 million in 2018, 7365 million in 2019, 7609 million in 2020, and then sharply rose to 10572 million in 2021. The substantial increase in 2021 represents a notable acceleration in borrowing or refinancing activities on a long-term basis.
Total Current and Non-current Debt (Carrying Amount): The total debt, incorporating both current and non-current liabilities, increased from 6565 million US dollars in 2017 to 7354 million in 2018 and then remained stable at 7365 million in 2019. It continued rising modestly to 7609 million in 2020 before jumping significantly to 10572 million in 2021. The pattern mirrors the long-term debt trend closely, implying that the growth in total debt is primarily driven by the rise in long-term liabilities.

In summary, the company's debt profile over these years shows a clear increase in long-term obligations, with a notable escalation in 2021, while data gaps for short-term debt after 2018 suggest a potential shift in debt strategy or reporting. The overall debt load increased substantially, particularly in the most recent year analyzed.

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	Dec 31, 2021
Selected Financial Data (US$ in millions)
Total current and non-current debt (fair value)	11,300)
Financial Ratio
Debt, fair value to carrying amount ratio	1.07

Based on: 10-K (reporting date: 2021-12-31).

Weighted-average interest rate on debt: 3.72%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.63%	900)	42)
4.88%	1,000)	49)
2.70%	500)	14)
5.35%	500)	27)
3.88%	750)	29)
3.15%	500)	16)
5.55%	500)	28)
4.30%	1,000)	43)
3.40%	1,000)	34)
2.50%	1,000)	25)
2.65%	1,000)	27)
3.25%	1,000)	33)
3.13%	500)	16)
3.25%	500)	16)
Total	10,650)	396)
3.72%

Based on: 10-K (reporting date: 2021-12-31).

¹ US$ in millions

² Weighted-average interest rate = 100 × 396 ÷ 10,650 = 3.72%

NXP Semiconductors N.V. (NASDAQ:NXPI)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt