filings.toolsItem 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
2K characters. Original on sec.gov · Markdown
Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
LONG-TERM INDEBTEDNESS OBLIGATIONS
The following summary of our long-term indebtedness obligations includes:
| ● | scheduled principal repayments for the next five years and after; |
|---|
| ● | weighted average interest rates for debt maturing in each of the next five years and after and |
|---|
| ● | estimated fair values of outstanding obligations. |
|---|
We estimate the fair value of our debt instruments using quoted market prices we received for the same types and issues of our debt or on the discounted value of the future cash flows using market yields for the same type and comparable issues of debt. Changes in market rates of interest affect the fair value of our fixed-rate debt.
Summary of Long-Term Indebtedness Principal Obligations as of September 30, 2022
| DOLLAR AMOUNTS IN MILLIONS | 2022 | 2023 | 2024 | 2025 | 2026 | THEREAFTER | TOTAL(1) | FAIR VALUE | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed-rate debt | $ | — | $ | 978 | $ | — | $ | 210 | $ | 272 | $ | 3,633 | $ | 5,093 | $ | 4,846 | ||||||||||||||||
| Average interest rate | — | % | 5.44 | % | — | % | 8.31 | % | 7.65 | % | 5.00 | % | 5.36 | % | N/A |
| (1) | Excludes $40 million of unamortized discounts, capitalized debt expense and business combination fair value adjustments. |
|---|
Previous: Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A) · Next: Item 4. CONTROLS AND PROCEDURES
Sponsor Sponsor this sector. One slot per industry, shown on every filing in it. Details