UnitedHealth Group Inc., balance sheet: debt

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term borrowings and current maturities of long-term debt	3,620	4,819	3,870	1,973	2,857
Long-term debt, less current maturities	42,383	38,648	36,808	34,581	28,835
Total commercial paper, long-term debt and other financing obligations (carrying amount)	46,003	43,467	40,678	36,554	31,692

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. total debt increased from 2019 to 2020 and from 2020 to 2021.

	Dec 31, 2021
Selected Financial Data (US$ in millions)
Commercial paper	—
Long-term debt and other financing obligations	52,583
Total commercial paper, long-term debt and other financing obligations (fair value)	52,583
Financial Ratio
Debt, fair value to carrying amount ratio	1.14

Weighted-average interest rate on short-term borrowings and long-term debt: 3.57%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.88%	1,097	32
3.35%	999	33
2.38%	899	21
0.00%	14	—
2.75%	632	17
2.88%	768	22
3.50%	749	26
3.50%	748	26
0.55%	996	5
2.38%	748	18
3.75%	1,994	75
3.70%	299	11
1.25%	497	6
3.10%	997	31
1.15%	972	11
3.45%	747	26
3.38%	621	21
2.95%	942	28
3.85%	1,144	44
3.88%	844	33
2.88%	1,023	29
2.00%	1,235	25
2.30%	1,482	34
4.63%	993	46
5.80%	839	49
6.50%	492	32
6.63%	642	43
6.88%	1,078	74
3.50%	1,242	43
2.75%	966	27
5.70%	296	17
5.95%	346	21
3.05%	1,483	45
4.63%	589	27
4.38%	485	21
3.95%	608	24
4.25%	736	31
4.75%	1,974	94
4.20%	739	31
4.25%	718	31
3.75%	934	35
4.25%	1,330	57
4.45%	1,087	48
3.70%	1,236	46
2.90%	1,209	35
3.25%	1,970	64
3.88%	1,228	48
3.13%	965	30
Total	44,632	1,593
3.57%

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,593 ÷ 44,632 = 3.57%

UnitedHealth Group Inc. (NYSE:UNH)

Analysis of Debt