Microsoft Excel LibreOffice Calc

UnitedHealth Group Inc. (UNH)


Analysis of Debt

Advanced level


Total Debt (Carrying Amount)

UnitedHealth Group Inc., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Commercial paper and current maturities of long-term debt 1,973  2,857  7,193  6,634  1,399 
Long-term debt, less current maturities 34,581  28,835  25,777  25,460  16,007 
Total commercial paper, long-term debt and other financing obligations (carrying amount) 36,554  31,692  32,970  32,094  17,406 

Based on: 10-K (filing date: 2019-02-12), 10-K (filing date: 2018-02-13), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-09), 10-K (filing date: 2015-02-10).

Debt item Description The company
Total commercial paper, long-term debt and other financing obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. UnitedHealth Group Inc.’s total debt decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2018
Selected Financial Data (US$ in millions)
Long-term debt and other financing obligations 37,944 
Commercial paper and long-term debt — 
Other financing obligations — 
Total commercial paper, long-term debt and other financing obligations (fair value) 37,944 
Financial Ratio
Debt, fair value to carrying amount ratio 1.04

Based on: 10-K (filing date: 2019-02-12).


Weighted-average Interest Rate on Debt

Weighted-average annual interest rate on commercial paper and long-term debt: 3.88%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
1.70% 749  13 
1.63% 499 
2.30% 497  11 
2.70% 1,494  40 
3.88% 456  18 
1.95% 884  17 
4.70% 412  19 
2.13% 734  16 
3.15% 400  13 
3.38% 503  17 
2.88% 748  22 
2.88% 1,091  31 
3.35% 1,005  34 
2.38% 872  21 
0.00% 13  — 
2.75% 611  17 
2.88% 739  21 
3.50% 756  26 
3.50% 755  26 
3.75% 2,025  76 
3.70% 303  11 
3.10% 965  30 
3.45% 742  26 
3.38% 611  21 
2.95% 898  26 
3.85% 1,163  45 
3.88% 861  33 
4.63% 1,060  49 
5.80% 1,003  58 
6.50% 638  41 
6.63% 841  56 
6.88% 1,437  99 
5.70% 355  20 
5.95% 426  25 
4.63% 627  29 
4.38% 503  22 
3.95% 596  24 
4.25% 744  32 
4.75% 2,116  101 
4.20% 745  31 
4.25% 719  31 
3.75% 869  33 
4.25% 1,349  57 
4.45% 1,132  50 
Total 35,946  1,396 
3.88%

Based on: 10-K (filing date: 2019-02-12).

1 US$ in millions

2 Weighted-average interest rate = 100 × 1,396 ÷ 35,946 = 3.88%