Analysis of Debt

Advanced Micro Devices Inc., balance sheet: debt

US$ in millions

	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Current portion of long-term debt, net	751)	—)	312)	—)	—)
Long-term debt, net of current portion	1,717)	2,467)	1)	330)	486)
Total debt (carrying amount)	2,468)	2,467)	313)	330)	486)

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.	Advanced Micro Devices Inc. total debt increased from 2021 to 2022 and from 2022 to 2023.

	Dec 30, 2023
Selected Financial Data (US$ in millions)
Current portion of long-term debt, net	741)
Long-term debt, net of current portion	1,630)
Total debt (fair value)	2,371)
Financial Ratio
Debt, fair value to carrying amount ratio	0.96

Weighted-average effective interest rate on debt: 3.26%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.95%	750)	22)
2.38%	750)	18)
3.92%	500)	20)
4.39%	500)	22)
Total	2,500)	82)
3.26%

¹ US$ in millions

² Weighted-average interest rate = 100 × 82 ÷ 2,500 = 3.26%

Advanced Micro Devices Inc. (NASDAQ:AMD)