Analysis of Debt

Amazon.com Inc., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current portion of lease liabilities, finance leases	2,032)	4,397)	8,083)	10,374)	9,884)
Current portion of long-term debt	8,494)	2,999)	1,491)	1,155)	1,305)
Long-term lease liabilities, finance leases, excluding current portion	10,077)	11,386)	15,670)	18,060)	17,095)
Long-term debt, excluding current portion	58,314)	67,150)	48,744)	31,816)	23,414)
Total debt and finance leases (carrying amount)	78,917)	85,932)	73,988)	61,405)	51,698)

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Debt item	Description	The company
Total debt and finance leases (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Amazon.com Inc. total debt increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Notes	60,600)
Credit Facility	682)
Other long-term debt	—)
Present value of lease liabilities, finance leases	12,109)
Total debt and finance leases (fair value)	73,391)
Financial Ratio
Debt, fair value to carrying amount ratio	0.93

Weighted-average effective interest rate on debt and finance leases: 3.76%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.12%	4,000)	205)
4.33%	15,000)	650)
2.77%	9,000)	249)
3.31%	17,500)	579)
4.15%	12,750)	529)
4.83%	8,250)	398)
6.60%	682)	45)
2.70%	12,109)	327)
Total	79,291)	2,982)
3.76%

¹ US$ in millions

² Weighted-average interest rate = 100 × 2,982 ÷ 79,291 = 3.76%

Amazon.com Inc. (NASDAQ:AMZN)