Analysis of Debt

IQVIA Holdings Inc., balance sheet: debt

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Current portion of long-term debt	152)	91)	149)	100)	100)
Current finance lease liabilities	5)	9)	—)	—)	—)
Long-term debt, less current portion	12,595)	12,034)	12,384)	11,545)	10,907)
Long-term finance lease liabilities	224)	177)	122)	—)	—)
Total long-term debt and finance lease liabilities (carrying amount)	12,976)	12,311)	12,655)	11,645)	11,007)

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Debt item	Description	The company
Total long-term 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.	IQVIA Holdings Inc. total debt decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

	Dec 31, 2022
Selected Financial Data (US$ in millions)
Long-term debt	12,281)
Finance lease liabilities	229)
Total long-term debt and finance lease liabilities (fair value)	12,510)
Financial Ratio
Debt, fair value to carrying amount ratio	0.96

Weighted-average interest rate on long-term debt and finance lease liabilities: 4.48%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.63%	425)	24)
5.98%	1,343)	80)
3.45%	314)	11)
5.67%	1,219)	69)
4.20%	1,172)	49)
6.13%	670)	41)
6.48%	860)	56)
4.20%	559)	23)
5.00%	1,100)	55)
5.00%	1,050)	53)
2.88%	450)	13)
2.25%	771)	17)
2.88%	761)	22)
1.75%	589)	10)
2.25%	964)	22)
5.27%	110)	6)
5.27%	440)	23)
3.87%	229)	9)
Total	13,026)	583)
4.48%

¹ US$ in millions

² Weighted-average interest rate = 100 × 583 ÷ 13,026 = 4.48%

IQVIA Holdings Inc. (NYSE:IQV)