Company: APO
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001858681-25-000034
Chunk: 235

Company: Apollo Global Management, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 235
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 have been recorded, other than the unrecognized tax benefits discussed below. The following table presents a roll-forward of the beginning and ending aggregate unrecognized tax benefits for the periods presented:Years ended December 31,(In millions)202420232022Balance at beginning of period$19 $15 $— Increases based on tax positions taken in the prior years8 4 15 Decreases due to settlements with tax authorities(17)— — Balance at end of period$10 $19 $15 

The Company has unrecognized tax benefits of $11 million and $23 million as of December 31, 2024 and December 31, 2023, respectively, which, if recognized, would impact the effective tax rate. The Company believes that it is reasonably possible that a decrease up to $10 million of unrecognized tax benefits may be recognized within the next twelve months. The Company recognizes interest and penalties related to the unrecognized tax benefits in its provision for income taxes. For the years ended December 31, 2024 and December 31, 2023, the Company accrued interest of $4 million and $10 million, respectively. 

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Table of ContentsAPOLLO GLOBAL MANAGEMENT, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

14. DebtCompany debt consisted of the following:December 31, 2024December 31, 2023(In millions, except percentages)Maturity DateOutstanding BalanceFair ValueOutstanding BalanceFair ValueAsset Management4.00% 2024 Senior Notes1,2May 30, 2024$— $— $499 $496 44.40% 2026 Senior Notes1,2May 27, 2026499 496 4498 490 44.87% 2029 Senior Notes1,2February 15, 2029675 670 4675 664 42.65% 2030 Senior Notes1,2June 5, 2030497 439 4496 432 46.38% 2033 Senior Notes1,2November 15, 2033492 542 4492 539 45.00% 2048 Senior Notes1,2March 15, 2048297 271 4297 275 45.80% 2054 Senior Notes1,2May 21, 2054741 753 4— — 4.95