Microsoft Excel LibreOffice Calc

Lockheed Martin Corp. (LMT)

Analysis of Debt

High level of difficulty

Total Debt (Carrying Amount)

Lockheed Martin Corp., balance sheet: debt

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Current maturities of long-term debt and commercial paper 1,500  750  —  956  — 
Long-term debt, net, excluding current maturities 12,604  13,513  14,282  14,305  6,169 
Total outstanding debt and commercial paper (carrying amount) 14,104  14,263  14,282  15,261  6,169 

Based on: 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-06), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-09).

Debt item Description The company
Total outstanding debt and commercial paper (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Lockheed Martin Corp.’s total debt declined from 2016 to 2017 and from 2017 to 2018.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2018
Selected Financial Data (US$ in millions)
Total outstanding debt and commercial paper (fair value) 15,400 
Financial Ratio
Debt, fair value to carrying amount ratio 1.09

Based on: 10-K (filing date: 2019-02-08).

Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 4.34%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
4.25% 900  38 
2.50% 1,250  31 
3.35% 900  30 
3.10% 500  16 
2.90% 750  22 
3.55% 2,000  71 
3.60% 500  18 
6.15% 1,054  65 
4.07% 1,336  54 
3.80% 1,000  38 
4.70% 1,326  62 
4.09% 1,578  65 
8.50% 1,618  138 
2.89% 600  17 
Total 15,312  665 
4.34%

Based on: 10-K (filing date: 2019-02-08).

1 US$ in millions

2 Weighted-average interest rate = 100 × 665 ÷ 15,312 = 4.34%