Analysis of Debt

Advanced level

Procter & Gamble Co., balance sheet: debt

US$ in millions

	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015
Debt due within one year	11,183	9,697	10,423	13,554	11,653	12,021
Long-term debt, excluding due within one year	23,537	20,395	20,863	18,038	18,945	18,329
Total short-term and long-term debt (carrying amount)	34,720	30,092	31,286	31,592	30,598	30,350

Debt item	Description	The company
Total short-term and long-term debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Procter & Gamble Co.’s total debt decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.

	Jun 30, 2020
Selected Financial Data (US$ in millions)
Commercial paper	8,545
Other	130
Total short-term debt (fair value)	8,675
Long-term debt, including current portion	29,000
Total short-term and long-term debt (fair value)	37,675
Financial Ratio
Debt, fair value to carrying amount ratio	1.09

Weighted average interest rate on debt: 1.78%

Interest rate	Debt amount¹	Interest rate × Debt amount
0.70%	11,183	78
2.30%	23,537	541
Total	34,720	620
1.78%

¹ US$ in millions

² Weighted-average interest rate = 100 × 620 ÷ 34,720 = 1.78%

Procter & Gamble Co. (NYSE:PG)