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 of
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 | 28359 | 26773 |
Less current portion | 4815 | 6205 |
Long term debt | 23544 | 20568 |
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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