Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 48

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 8
Chunk 48
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ated VIEsWe have investments in VIEs in which we are not the primary beneficiary. These VIEs include private companies that are primarily early stage companies and certain renewable energy entities in which activities involve power generation using renewable sources.

We have determined that the governance structures of these entities do not allow us to direct the activities that would significantly affect their economic performance. Therefore, we are not the primary beneficiary, and the results of operations and financial position of these VIEs are not included in our consolidated financial statements. We account for these investments primarily as non-marketable equity securities or equity method investments, which are included within non-marketable securities on our Consolidated Balance Sheets. The maximum exposure of these unconsolidated VIEs is generally based on the current carrying value of the investments and any future funding commitments. As of December 31, 2023 and 2024, our future funding commitments related to unconsolidated VIE investments were $1.7 billion and $1.5 billion, respectively. 

Note 6.       Debt 

Short-Term DebtWe have a debt financing program of up to $10.0 billion through the issuance of commercial paper. Net proceeds from this program are used for general corporate purposes. We had no commercial paper outstanding as of December 31, 2023 and $2.3 billion of commercial paper outstanding with a weighted-average effective interest rate of 4.4% as of December 31, 2024.The estimated fair value of the commercial paper approximated its carrying value as of December 31, 2024Our short-term debt balance also includes the current portion of certain long-term debt.Long-Term DebtTotal outstanding long-term debt is summarized below (in millions, except percentages):Effective Interest RateAs of December 31,MaturityCoupon Rate20232024Debt2014 Notes issuance20243.38%3.38%$1,000 $0 2016 Notes issuance20262.00%2.23%2,000 2,000 2020 Notes issuance2025 - 20600.45% - 2.25%0.57% - 2.33%10,000 10,000       Total face value of long-term debt13,000 12,000 Unamortized discount and debt issuance costs(130)(118)Less: Current portion of long-term notes(1)(1,000)(999)       Total long-term debt$