Analysis of Debt

Costco Wholesale Corp., balance sheet: debt

US$ in millions

	Sep 1, 2024	Sep 3, 2023	Aug 28, 2022	Aug 29, 2021	Aug 30, 2020	Sep 1, 2019
Current portion of long-term debt	103)	1,081)	73)	799)	95)	1,699)
Current finance lease liabilities	147)	129)	245)	72)	31)	26)
Long-term debt, excluding current portion	5,794)	5,377)	6,484)	6,692)	7,514)	5,124)
Long-term finance lease liabilities	1,351)	1,303)	1,383)	980)	657)	395)
Total long-term debt, including current portion and finance lease liabilities (carrying amount)	7,395)	7,890)	8,185)	8,543)	8,297)	7,244)

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Debt item	Description	The company
Total long-term debt, including current portion and finance lease liabilities (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Costco Wholesale Corp. total debt decreased from 2022 to 2023 and from 2023 to 2024.

	Sep 1, 2024
Selected Financial Data (US$ in millions)
Long-term debt, including current portion	5,412)
Finance lease liabilities	1,498)
Total long-term debt, including current portion and finance lease liabilities (fair value)	6,910)
Financial Ratio
Debt, fair value to carrying amount ratio	0.93

Weighted-average interest rate on debt and finance leases: 2.48%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.00%	1,000)	30)
1.38%	1,250)	17)
1.60%	1,750)	28)
1.75%	1,000)	18)
4.59%	1,498)	69)
Total	6,498)	161)
2.48%

¹ US$ in millions

² Weighted-average interest rate = 100 × 161 ÷ 6,498 = 2.48%

Costco Wholesale Corp. (NASDAQ:COST)