Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 13

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 13
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1,2024Investment in government and agency securities$777 $688 Forward foreign-exchange contracts, in asset position(1)5 1 Forward foreign-exchange contracts, in (liability) position(1)(34)(28)Total$748 $661  _______________(1) The asset and liability values are included in other current assets and other current liabilities, respectively, in the accompanying condensed consolidated balance sheets.On May 11, 2025, and September 1, 2024, the Company did not hold any Level 1 or 3 financial assets or liabilities that were measured at fair value on a recurring basis. There were no transfers between levels during the first thirty-six weeks of 2025 or 2024.Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Assets and liabilities recognized and disclosed at fair value on a nonrecurring basis include items such as financial assets measured at amortized cost and long-lived nonfinancial assets. These assets are measured at fair value if determined to be impaired. There were no fair value adjustments to these items during the first thirty-six weeks of 2025 and no material fair value adjustments in 2024. 

11

Note 4—DebtThe carrying value of the Company’s long-term debt consisted of the following:May 11,2025September 1,20243.000% Senior Notes due May 2027$1,000 $1,000 1.375% Senior Notes due June 20271,250 1,250 1.600% Senior Notes due April 20301,750 1,750 1.750% Senior Notes due April 20321,000 1,000 Other long-term debt913 919 Total long-term debt5,913 5,919 Less unamortized debt discounts and issuance costs18 22 Less current portion(1) 178 103 Long-term debt, excluding current portion$5,717 $5,794  _______________(1) Net of unamortized debt discounts and issuance costs and included in other current liabilities in the accompanying condensed consolidated balance sheets.The fair value of the Senior Notes is estimated using Level 2 inputs. Other long-term debt consists of Guaranteed Senior Notes issued by the Company's Japan subsidiary, valued using Level 3 inputs. The fair value of the Company's long-term debt, including the current portion, was approximately $5,425 and