Company: FMCCN
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001026214-25-000040
Chunk: 260

Company: FEDERAL HOME LOAN MORTGAGE CORP
Filing Date: 2025-02-13
Form: 10-K
Item: Item 15
Chunk 260
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6.17 Other(5) 2025 - 20531,324 1,371 10.90 2024 - 20532,177 2,210 10.93 Total long-term debt$172,943 $167,333 3.65 %$168,008 $160,443 3.30 %(1)Represents par value, net of associated discounts or premiums and issuance costs. Includes $0.3 billion and $0.4 billion at December 31, 2024 and December 31, 2023, respectively, of long-term debt that represents the fair value of debt for which the fair value option was elected. Includes hedge-related basis adjustments.(2)Based on carrying amount. Excludes hedge-related basis adjustments.(3)Includes $112.6 billion and $139.3 billion of callable debt as of December 31, 2024 and December 31, 2023, respectively.(4)Includes $1.3 billion and $1.9 billion of callable debt as of December 31, 2024 and December 31, 2023, respectively.(5)Includes STACR, SCR debt notes, and IO debt.A portion of our long-term debt is callable. Callable debt gives us the option to redeem the debt security at par on one or more specified call dates or at any time on or after a specified call date.

FREDDIE MAC  |  2024 Form 10-K173

Financial Statements                                 Notes to Consolidated Financial Statements | Note 8

The table below summarizes contractual maturities of long-term debt securities at December 31, 2024.Table 8.5 - Contractual Maturities of Long-Term Debt(1) (In millions) Par Value2025$48,235 202645,007 202720,068 20288,307 202928,579 Thereafter21,423 Total$171,619(1)Excludes $1.2 billion of STACR and $0.1 billion of SCR debt notes. Contractual maturities of these debt securities are not presented because they are subject to prepayment risk, as their payments are based upon the performance of a pool of mortgage assets that may be prepaid by the related mortgage borrowers at any time generally without penalty.

FREDDIE MAC  |  2024 Form 10-K174

Financial