Analysis of Debt
Total Debt (Carrying Amount)
Stryker Corp., balance sheet: debt
US$ in millions
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 (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Stryker Corp. total debt increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level. |
Total Debt (Fair Value)
| Dec 31, 2021 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Senior unsecured notes | 13,391) |
| Term loan | —) |
| Other | 10) |
| Total debt (fair value) | 13,401) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 1.07 |
Based on: 10-K (reporting date: 2021-12-31).
Weighted-average Interest Rate on Debt
Weighted-average interest rate on debt: 2.33%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 1.13% | 622) | 7) | |
| 0.60% | 598) | 4) | |
| 3.38% | 593) | 20) | |
| 0.25% | 958) | 2) | |
| 1.15% | 645) | 7) | |
| 3.38% | 748) | 25) | |
| 3.50% | 994) | 35) | |
| 2.13% | 845) | 18) | |
| 3.65% | 597) | 22) | |
| 0.75% | 901) | 7) | |
| 1.95% | 990) | 19) | |
| 2.63% | 727) | 19) | |
| 1.00% | 840) | 8) | |
| 4.10% | 392) | 16) | |
| 4.38% | 395) | 17) | |
| 4.63% | 982) | 45) | |
| 2.90% | 642) | 19) | |
| Total | 12,469) | 291) | |
| 2.33% | |||
Based on: 10-K (reporting date: 2021-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 291 ÷ 12,469 = 2.33%