Lam Research Corp., balance sheet: debt

US$ in thousands

	Jun 30, 2024	Jun 25, 2023	Jun 26, 2022	Jun 27, 2021	Jun 28, 2020	Jun 30, 2019
Current portion of long-term debt and finance lease obligations	504,814)	8,358)	7,381)	11,349)	839,877)	667,131)
Long-term debt and finance lease obligations, less current portion	4,478,520)	5,003,183)	4,998,449)	4,990,333)	4,970,848)	3,822,768)
Total long-term debt and finance lease obligations (carrying amount)	4,983,334)	5,011,541)	5,005,830)	5,001,682)	5,810,725)	4,489,899)

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Debt item	Description	The company
Total long-term debt and finance lease obligations (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Lam Research Corp. total debt increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

	Jun 30, 2024
Selected Financial Data (US$ in thousands)
2060 Notes	317,660)
2050 Notes	488,130)
2049 Notes	685,553)
2041 Notes	—)
2030 Notes	632,880)
2029 Notes	961,560)
2026 Notes	731,970)
2025 Notes	494,015)
2021 Notes	—)
2020 Notes	—)
Finance lease liabilities	15,973)
Build-to-suit lease	—)
Total long-term debt and finance lease obligations (fair value)	4,327,741)
Financial Ratio
Debt, fair value to carrying amount ratio	0.87

Weighted-average effective interest rate on long-term debt and finance lease obligations: 3.58%

Interest rate	Debt amount¹	Interest rate × Debt amount
3.87%	500,000)	19,350)
3.86%	750,000)	28,950)
4.09%	1,000,000)	40,900)
2.01%	750,000)	15,075)
4.93%	750,000)	36,975)
2.93%	750,000)	21,975)
3.18%	500,000)	15,900)
3.39%	15,973)	541)
Total	5,015,973)	179,666)
3.58%

¹ US$ in thousands

² Weighted-average interest rate = 100 × 179,666 ÷ 5,015,973 = 3.58%

Lam Research Corp. (NASDAQ:LRCX)

Analysis of Debt