DuPont de Nemours Inc. (NYSE:DD)

The analysis of the annual debt data reveals notable fluctuations and trends in both short-term and long-term borrowings over the five-year period.

Short-term borrowings and finance lease obligations

This category decreased slightly from 995 million USD at the end of 2015 to 907 million USD in 2016. However, it significantly increased in 2017 to 4,015 million USD, before declining in 2018 to 2,802 million USD and rising again to 3,830 million USD by 2019. The pronounced spike in 2017 suggests an increase in short-term financing or lease commitments during that year, followed by some reduction and subsequent partial rebound.

Long-term debt, excluding debt within one year

Long-term debt shows a general upward trend from 16,215 million USD at the end of 2015 to a peak of 37,662 million USD by the end of 2018. In 2019, there is a sharp decrease to 13,617 million USD. This pattern indicates substantial long-term borrowing increases from 2015 through 2018, likely reflecting significant financing activities or acquisitions, followed by a considerable reduction in 2019 which could be due to debt repayments, refinancing, or reclassification of debt.

Total short-term borrowings and long-term debt (carrying amount)

The combined total debt amount mirrors the trends observed in the individual short-term and long-term categories. Total debt grew steadily from 17,210 million USD in 2015 to a high of 40,464 million USD in 2018, before declining sharply to 17,447 million USD in 2019. This pattern reflects the overall increase and subsequent substantial reduction in the company’s financial leverage within this period.

Overall, the data depicts a significant increase in debt levels through 2017 and 2018, driven predominantly by long-term debt, accompanied by fluctuations in short-term borrowings. The dramatic reduction in total debt in 2019 indicates a strategic shift likely aimed at deleveraging or restructuring the balance sheet.