Analysis of Debt

Coca-Cola Co., balance sheet: debt

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Loans and notes payable	1,499)	4,557)	2,373)	3,307)	2,183)
Current maturities of long-term debt	648)	1,960)	399)	1,338)	485)
Long-term debt, excluding current maturities	42,375)	35,547)	36,377)	38,116)	40,125)
Total debt (carrying amount)	44,522)	42,064)	39,149)	42,761)	42,793)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Coca-Cola Co. total debt increased from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024
Selected Financial Data (US$ in millions)
Loans and notes payable	1,499)
Long-term debt, including current portion	38,052)
Total debt (fair value)	39,551)
Financial Ratio
Debt, fair value to carrying amount ratio	0.89

Weighted-average effective interest rate on debt: 3.44%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.00%	1,139)	57)
3.40%	43,023)	1,463)
Total	44,162)	1,520)
3.44%

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,520 ÷ 44,162 = 3.44%

Coca-Cola Co. (NYSE:KO)