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Current Portion of Long-Term Debt PepsiCo, Inc., reported the following information about its long term debt in the notes to a recent financial statement
Current Portion of Long-Term Debt PepsiCo, Inc., reported the following information about its long term debt in the notes to a recent financial statement (in millions): Long-term debt is comprised of the following: December 31 Current Preceding Total long term debt Less current portion Long-term debt Enter your answers in millions. Year Year $32,248 $37,816 (3,953) (4,020) $28,295 $33,796 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? b. How much did the total current liabilities change between the preceding year and the current year as a result of the current portion of long-term debt? c. If PepsiCo did not issue additional long-term debt next year, what would be the total long-term debt on December 31 of the upcoming year?
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