Company: GOOGL
Filing Date: 2025-02-05
Form Type: 10-K
Source: 0001652044-25-000014
Chunk: 49

Company: Alphabet Inc.
Filing Date: 2025-02-05
Form: 10-K
Item: Item 8
Chunk 49
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11,870 $10,883 

74.  

Table of ContentsAlphabet Inc.

(1)Total current portion of long-term debt is included within accrued expenses and other current liabilities. See Note 7 for further details.The notes in the table above are fixed-rate senior unsecured obligations and rank equally with each other. We may redeem the notes at any time in whole or in part at specified redemption prices. The effective interest rates are based on proceeds received with interest payable semi-annually.The total estimated fair value of the outstanding notes was approximately $10.3 billion and $9.0 billion as of December 31, 2023 and December 31, 2024, respectively. The fair value was determined based on observable market prices of identical instruments in less active markets and is categorized accordingly as Level 2 in the fair value hierarchy.As of December 31, 2024, the future principal payments for long-term debt were as follows (in millions):2025$1,000 20262,00020271,0002028020290Thereafter8,000Total$12,000 Credit FacilityAs of December 31, 2024, we had $10.0 billion of revolving credit facilities, of which $4.0 billion expires in April 2025 and $6.0 billion expires in April 2028. The interest rates for all credit facilities are determined based on a formula using certain market rates, as well as our progress toward the achievement of certain sustainability goals. No amounts were outstanding under the credit facilities as of December 31, 2023 and 2024.

Note 7.        Supplemental Financial Statement Information 

Accounts ReceivableThe allowance for credit losses on accounts receivable was $771 million and $879 million as of December 31, 2023 and 2024, respectively.Property and Equipment, NetProperty and equipment, net, consisted of the following (in millions):As of December 31,20232024Technical infrastructure$112,504 $139,596 Office space40,435 43,714 Corporate and other assets13,728 16,519 Property and equipment, in service166,667 199,829 Less: accumulated depreciation(67,458)(79,390)Add: assets not yet in service35,136 50,597 Property and equipment, net$134,345 $171,036 Accrued Expenses and Other Current LiabilitiesAccru