Analysis of Debt

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)

Download chart

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.	Time Warner Cable Inc. total debt decreased from 2013 to 2014 and from 2014 to 2015.

	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

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%

¹ US$ in millions

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

Time Warner Cable Inc. (NYSE:TWC)