Analysis of Debt

Oracle Corp., balance sheet: debt

US$ in millions

	May 31, 2022	May 31, 2021	May 31, 2020	May 31, 2019	May 31, 2018	May 31, 2017
Notes payable, current	3,749	8,250	2,371	4,494	4,491	9,797
Notes payable and other borrowings, non-current	72,110	75,995	69,226	51,673	56,128	48,112
Total borrowings (carrying amount)	75,859	84,245	71,597	56,167	60,619	57,909

Debt item	Description	The company
Total borrowings (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Oracle Corp. total debt increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

	May 31, 2022
Selected Financial Data (US$ in millions)
Senior notes and the related fair value hedges	67,000
Other borrowings	113
Total borrowings (fair value)	67,113
Financial Ratio
Debt, fair value to carrying amount ratio	0.88

Weighted-average effective interest rate on notes payable and other borrowings: 3.47%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.51%	2,500	63
2.64%	1,250	33
3.73%	1,000	37
2.40%	2,500	60
3.43%	2,000	69
2.98%	2,000	60
2.51%	3,500	88
3.00%	2,500	75
3.17%	803	25
1.66%	2,750	46
2.69%	3,000	81
2.83%	2,250	64
3.26%	2,750	90
2.34%	2,000	47
2.96%	3,250	96
3.30%	500	17
2.89%	3,250	94
4.30%	1,750	75
3.95%	1,250	49
3.85%	1,250	48
3.83%	1,750	67
6.52%	1,250	82
6.19%	1,250	77
3.62%	3,000	109
5.45%	2,250	123
3.70%	2,250	83
4.50%	1,000	45
4.15%	2,000	83
4.00%	3,000	120
4.03%	2,250	91
3.62%	4,500	163
3.96%	3,250	129
4.40%	1,250	55
3.87%	3,500	135
4.11%	1,500	62
3.53%	113	4
Total	76,166	2,642
3.47%

¹ US$ in millions

² Weighted-average interest rate = 100 × 2,642 ÷ 76,166 = 3.47%

Oracle Corp. (NYSE:ORCL)