Analysis of Debt

Amazon.com Inc., balance sheet: debt

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Current portion of lease liabilities, finance leases	1,375)	2,032)	4,397)	8,083)	10,374)
Current portion of long-term debt	5,017)	8,494)	2,999)	1,491)	1,155)
Long-term lease liabilities, finance leases, excluding current portion	9,227)	10,077)	11,386)	15,670)	18,060)
Long-term debt, excluding current portion	52,623)	58,314)	67,150)	48,744)	31,816)
Total debt and finance leases (carrying amount)	68,242)	78,917)	85,932)	73,988)	61,405)

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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 decreased from 2022 to 2023 and from 2023 to 2024.

	Dec 31, 2024
Selected Financial Data (US$ in millions)
Notes	50,200)
Credit Facility	—)
Other long-term debt	—)
Present value of lease liabilities, finance leases	10,602)
Total debt and finance leases (fair value)	60,802)
Financial Ratio
Debt, fair value to carrying amount ratio	0.89

Weighted-average effective interest rate on debt and finance leases: 3.74%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.12%	2,750)	141)
4.33%	13,000)	563)
2.77%	9,000)	249)
3.31%	15,000)	497)
4.15%	11,250)	467)
4.74%	7,000)	332)
3.00%	10,602)	318)
Total	68,602)	2,566)
3.74%

¹ US$ in millions

² Weighted-average interest rate = 100 × 2,566 ÷ 68,602 = 3.74%

Amazon.com Inc. (NASDAQ:AMZN)