Analysis of Debt

Fidelity National Information Services Inc., balance sheet: debt

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Short-term borrowings	3,797)	3,911)	2,750)	2,823)	267)
Current portion of long-term debt	2,133)	1,617)	1,314)	140)	48)
Long-term debt, excluding current portion	14,207)	14,825)	15,951)	17,229)	8,670)
Total debt (carrying amount)	20,137)	20,353)	20,015)	20,192)	8,985)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Fidelity National Information Services Inc. total debt increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.

	Dec 31, 2022
Selected Financial Data (US$ in millions)
Short-term borrowings	3,797)
Long-term debt, including current portion	14,467)
Total debt (fair value)	18,264)
Financial Ratio
Debt, fair value to carrying amount ratio	0.91

Weighted average interest rate of outstanding debt, including impact of interest rate swaps and cross-currency interest rate swaps: 2.60%

Interest rate	Debt amount¹	Interest rate × Debt amount
2.60%	20,137)	524)
Total	20,137)	524)
2.60%

¹ US$ in millions

² Weighted-average interest rate = 100 × 524 ÷ 20,137 = 2.60%

Fidelity National Information Services Inc. (NYSE:FIS)