Analysis of Debt

Union Pacific Corp., balance sheet: debt

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Debt due within one year	1,423)	1,678)	2,166)	1,069)	1,257)
Debt due after one year	31,156)	31,648)	27,563)	25,660)	23,943)
Total debt (carrying amount)	32,579)	33,326)	29,729)	26,729)	25,200)

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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.	Union Pacific Corp. total debt increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

	Dec 31, 2023
Selected Financial Data (US$ in millions)
Total debt (fair value)	28,500)
Financial Ratio
Debt, fair value to carrying amount ratio	0.87

Weighted-average interest rate on debt: 7.07%

Interest rate	Debt amount¹	Interest rate × Debt amount
7.10%	33,383)	2,370)
6.20%	770)	48)
4.50%	158)	7)
Total	34,311)	2,425)
7.07%

¹ US$ in millions

² Weighted-average interest rate = 100 × 2,425 ÷ 34,311 = 7.07%

Union Pacific Corp. (NYSE:UNP)