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Check my w An annual report of Marriott International, Incorporated, contained a rather lengthy narrative entitled Liquidity and Capital Resources. The narrative noted that
Check my w An annual report of Marriott International, Incorporated, contained a rather lengthy narrative entitled "Liquidity and Capital Resources." The narrative noted that a revolving credit agreement outstanding at the end of the year aggregated $4.5 billion and that during the following year, "While any outstanding commercial paper borrowings and/or borrowings under our Credit Facility generally have short- term maturities, we classify the outstanding borrowings as long-term based on our ability and intent to refinance the outstanding borrowings on a long-term basis. The Credit Facility expires on June 28, 2024." Required: How did Marriott report the debt in its balance sheet? Classification of debt -S
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