Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 527

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 527
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 information on our acquired properties in Notes 3 and 4 and assets held for sale or contribution in Note 6.Fair Value of Financial Instruments At December 31, 2024 and 2023, the carrying amounts of certain financial instruments, including cash and cash equivalents, accounts and notes receivable, accounts payable and accrued expenses were representative of their fair values. The differences in the fair value of our debt from the carrying value in the table below were the result of differences in interest rates or borrowing spreads that were available to us at December 31, 2024 and 2023, as compared with those in effect when the debt was issued or assumed, including lower borrowing spreads due to our credit ratings. See Note 8 for more information on our debt activity. 

93

 The following table reflects the carrying amounts and estimated fair values of our debt at December 31 (in thousands):  

        2024

        2023

        Carrying Value

        Fair Value

        Carrying Value

        Fair Value

        Credit facilities and commercial paper
         
        $
        224,966

        $
        224,966

        $
        979,313

        $
        979,313

        Senior notes

        28,322,163

        26,095,901

        25,311,647

        23,121,936

        Term loans and unsecured other

        2,013,317

        1,991,934

        2,330,520

        2,322,827

        Secured mortgage

        318,817

        298,452

        379,021

        357,731

        Total
         
        $
        30,879,263

        $
        28,611,253

        $
        29,000,501

        $
        26,781,807

NOTE 16. COMMITMENTS AND CONTINGENCIES Environmental Matters A majority of the properties we acquire, including land, are subjected to environmental reviews either by us or the previous owners. In addition, we may incur environmental remediation costs associated with certain land parcels we acquire in connection with the development of the land. We have acquired certain properties that may have been leased to or previously owned by companies that discharged hazardous materials. We establish a liability at the time of acquisition to cover such costs and adjust the liabilities as appropriate when additional information