Company: AWK
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001410636-25-000083
Chunk: 46

Company: American Water Works Company, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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999 million and $879 million as of March 31, 2025, and December 31, 2024, respectively. The weighted-average interest rate on AWCC’s outstanding short-term borrowings was approximately 4.63% and 4.65% at March 31, 2025, and December 31, 2024, respectively. At March 31, 2025, and December 31, 2024, AWCC had no outstanding borrowings under the revolving credit facility and there were no commercial paper borrowings outstanding with maturities greater than three months.Presented in the tables below are the aggregate credit facility commitments, commercial paper limit and letter of credit availability under the revolving credit facility, as well as the available capacity for each:As of March 31, 2025Commercial Paper LimitLetters of CreditTotal (a)Total availability$2,600 $150 $2,750 Outstanding debt(1,000)(84)(1,084)Remaining availability as of March 31, 2025$1,600 $66 $1,666 (a)Total remaining availability of $1.7 billion as of March 31, 2025, was accessible through revolver draws.As of December 31, 2024Commercial Paper LimitLetters of CreditTotal (a)Total availability$2,600 $150 $2,750 Outstanding debt(880)(82)(962)Remaining availability as of December 31, 2024$1,720 $68 $1,788 (a)Total remaining availability of $1.8 billion as of December 31, 2024, was accessible through revolver draws.Presented in the table below is the Company’s total available liquidity as of March 31, 2025, and December 31, 2024, respectively:Cash and Cash EquivalentsAvailability on Revolving Credit FacilityTotal Available LiquidityAvailable liquidity as of March 31, 2025$114 $1,666 $1,780 Available liquidity as of December 31, 2024$96 $1,788 $1,884 

Note 9: Income TaxesThe Company’s effective income tax rate was 24.1% and 23.6% for the three months ended March 31, 2025 and 2024. The increase in the Company’s effective income tax rate for the three months ended March 31,