Question
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
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 Year | Preceding Year | |||
Total long term-debt | $32,248 | $37,816 | ||
Less current portion | (3,953) | (4,020) | ||
Long-term debt | $28,295 | $33,796 |
Enter your answers in millions.
a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? $fill in the blank 1
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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