Analysis of Debt

Kinder Morgan Inc., balance sheet: debt

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Current portion of debt	2,477)	3,388)	2,828)	2,696)	821)
Long-term debt, excluding current portion	31,915)	33,936)	35,015)	37,354)	42,406)
Total debt (carrying amount)	34,392)	37,324)	37,843)	40,050)	43,227)

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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.	Kinder Morgan Inc. total debt decreased from 2017 to 2018 and from 2018 to 2019.

	Dec 31, 2019
Selected Financial Data (US$ in millions)
Debt	38,016)
Financial Ratio
Debt, fair value to carrying amount ratio	1.11

Weighted average interest rate on borrowings: 5.27%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.27%	33,360)	1,758)
Total	33,360)	1,758)
5.27%

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,758 ÷ 33,360 = 5.27%

Kinder Morgan Inc. (NYSE:KMI)