Analysis of Debt

Applied Materials Inc., balance sheet: debt

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
Short-term debt	100)	100)	—)	—)	—)	—)
Current portion of long-term debt	699)	—)	—)	—)	—)	600)
Finance lease liabilities, current	—)	102)	—)	—)	—)	—)
Long-term debt, net of current portion	5,460)	5,461)	5,457)	5,452)	5,448)	4,713)
Total debt and finance lease liabilities (carrying amount)	6,259)	5,663)	5,457)	5,452)	5,448)	5,313)

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Debt item	Description	The company
Total debt and finance lease liabilities (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Applied Materials Inc. total debt increased from 2022 to 2023 and from 2023 to 2024.

	Oct 27, 2024
Selected Financial Data (US$ in millions)
Unsecured commercial paper notes	100)
Current portion of long-term debt	699)
Long-term senior unsecured notes	5,100)
Finance lease liabilities	—)
Total debt and finance lease liabilities (fair value)	5,899)
Financial Ratio
Debt, fair value to carrying amount ratio	0.94

Weighted-average effective interest rate on debt: 3.90%

Interest rate	Debt amount¹	Interest rate × Debt amount
5.06%	100)	5)
3.94%	700)	28)
3.34%	1,200)	40)
4.84%	700)	34)
1.79%	750)	13)
5.13%	500)	26)
5.88%	600)	35)
4.36%	1,000)	44)
2.77%	750)	21)
Total	6,300)	245)
3.90%

¹ US$ in millions

² Weighted-average interest rate = 100 × 245 ÷ 6,300 = 3.90%

Applied Materials Inc. (NASDAQ:AMAT)