Total Debt (Carrying Amount)
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Debt item | Description | The company |
---|---|---|
Total debt, including finance lease obligations (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Philip Morris International Inc. total debt increased from 2019 to 2020 but then decreased significantly from 2020 to 2021. |
Total Debt (Fair Value)
Dec 31, 2021 | |
---|---|
Selected Financial Data (US$ in millions) | |
Short-term borrowings | 225 |
Long-term debt, including current portion, excluding finance leases | 29,762 |
Finance leases | 71 |
Total debt, including finance lease obligations (fair value) | 30,058 |
Financial Ratio | |
Debt, fair value to carrying amount ratio | 1.08 |
Based on: 10-K (reporting date: 2021-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 2.96%
Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
---|---|---|---|
12.00% | 225 | 27 | |
3.25% | 19,397 | 629 | |
2.00% | 7,687 | 153 | |
1.63% | 273 | 4 | |
3.33% | 224 | 7 | |
Total | 27,806 | 822 | |
2.96% |
Based on: 10-K (reporting date: 2021-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 822 ÷ 27,806 = 2.96%