Analysis of Debt

Expedia Group Inc., balance sheet: debt

US$ in millions

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Current maturities of long-term debt	735)	—)	749)	—)	500)
Long-term debt, excluding current maturities	7,715)	8,216)	4,189)	3,717)	3,749)
Total long-term debt, including current maturities (carrying amount)	8,450)	8,216)	4,938)	3,717)	4,249)

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Debt item	Description	The company
Total long-term debt, including current maturities (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Expedia Group Inc. total debt increased from 2019 to 2020 and from 2020 to 2021.

	Dec 31, 2021
Selected Financial Data (US$ in millions)
Senior Notes	8,000)
Convertible Notes	1,200)
Total long-term debt, including current maturities (fair value)	9,200)
Financial Ratio
Debt, fair value to carrying amount ratio	1.09

Weighted-average interest rate on long-term debt: 3.57%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.50%	735)	18)
3.60%	497)	18)
4.50%	498)	22)
6.25%	1,033)	65)
5.00%	745)	37)
0.00%	986)	—)
4.63%	744)	34)
3.80%	994)	38)
3.25%	1,235)	40)
2.95%	983)	29)
Total	8,450)	302)
3.57%

¹ US$ in millions

² Weighted-average interest rate = 100 × 302 ÷ 8,450 = 3.57%

Expedia Group Inc. (NASDAQ:EXPE)