Time Warner Cable Inc., balance sheet: debt

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Current maturities of long-term debt	5)	1,017)	1,767)	1,518)	2,122)
Long-term debt, excluding current maturities	22,497)	22,701)	23,285)	25,171)	24,320)
Total debt (carrying amount)	22,502)	23,718)	25,052)	26,689)	26,442)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The analysis of debt data over the five-year period shows distinct patterns in the different components of the company's debt structure.

Current Maturities of Long-Term Debt: There is a notable declining trend in current maturities of long-term debt from 2011 to 2015. The value decreased significantly from 2,122 million USD in 2011 to just 5 million USD by the end of 2015. The most substantial drops occurred between 2014 and 2015, suggesting a substantial repayment or refinancing event near the end of the period.
Long-Term Debt, Excluding Current Maturities: This part of the debt showed relative stability with minor fluctuations during the period. It slightly increased from 24,320 million USD in 2011 to a peak of 25,171 million USD in 2012, followed by a gradual decline each subsequent year, ending at 22,497 million USD in 2015. The moderately decreasing trend in the latter years may indicate efforts to reduce longer-term obligations or payoff schedules nearing maturity.
Total Debt (Carrying Amount): Total debt followed a decreasing trajectory over the timeframe. Starting at 26,442 million USD in 2011, it crested slightly in 2012 at 26,689 million USD, then consistently declined to 22,502 million USD by 2015. This overall reduction aligns with the decline seen in both current maturities and long-term debt, reflecting an overall deleveraging strategy or debt repayment activity.

In summary, the company's debt profile over the five years indicates a strong reduction in near-term debt obligations, complemented by a steady, modest decrease in long-term liabilities. The total carrying amount of debt also diminished, suggesting improved debt management or a strategic focus on lowering indebtedness.

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	Dec 31, 2015
Selected Financial Data (US$ in millions)
Senior notes and debentures	23,637)
Commercial paper program	—)
Capital leases	76)
Total debt (fair value)	23,713)
Financial Ratio
Debt, fair value to carrying amount ratio	1.05

Based on: 10-K (reporting date: 2015-12-31).

Weighted-average effective interest rate for the senior notes and debentures: 6.22%

Interest rate	Debt amount¹	Interest rate × Debt amount
6.22%	22,426)	1,394)
Total	22,426)	1,394)
6.22%

Based on: 10-K (reporting date: 2015-12-31).

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,394 ÷ 22,426 = 6.22%

Time Warner Cable Inc. (NYSE:TWC)

Analysis of Debt

Total Debt (Carrying Amount)

Total Debt (Fair Value)

Weighted-average Interest Rate on Debt