Company: GOOGL
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001652044-25-000043
Chunk: 98

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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-average effective interest rate of 4.4% in each period. The estimated fair value of the commercial paper approximated its carrying value as of March 31, 2025.Our short-term debt balance also includes the current portion of certain long-term debt.

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Long-Term Debt Total outstanding long-term debt is summarized below (in millions, except percentages):MaturityCoupon RateEffective Interest RateAs of December 31, 2024As ofMarch 31, 2025Debt2016 Notes issuance20262.00%2.23%$2,000 $2,000 2020 Notes issuance2025 - 20600.45% - 2.25%0.57% - 2.33%10,000 10,000       Total face value of long-term debt12,000 12,000 Unamortized discount and debt issuance costs(118)(114)Less: Current portion of long-term notes(1)(999)(1,000)       Total long-term debt$10,883 $10,886 (1)Total current portion of long-term debt is included within accrued expenses and other current liabilities. See Note 7 for further details.The notes in the table above are fixed-rate senior unsecured obligations and rank equally with each other. We may redeem the notes at any time in whole or in part at specified redemption prices. The effective interest rates are based on proceeds received with interest payable semi-annually.The total estimated fair value of the outstanding notes was approximately $9.0 billion and $9.1 billion as of December 31, 2024 and March 31, 2025, respectively. The fair value was determined based on observable market prices of identical instruments in less active markets and is categorized accordingly as Level 2 in the fair value hierarchy.Credit FacilityAs of March 31, 2025, we had $10.0 billion of revolving credit facilities, of which $4.0 billion expires in April 2025 and $6.0 billion expires in April 2028. In April 2025, we entered into a new $4.0 billion revolving credit facility expiring in April 2026. Additionally, in April 2025 we terminated the $6.0 billion revolving credit facility expiring in April 2028 and entered into a new $6.0 billion revolving credit facility expiring in April