Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Principal Contractual Commitments, Excluding Open Orders for Purchases

The following summarizes our principal contractual commitments, excluding open orders for purchases that support normal operations and are generally cancellable, as of March 31, 2024 (in millions): 

	Nine Months Ended December 31,		Year Ended December 31,
	2024		2025		2026		2027		2028		Thereafter		Total
Long-term debt principal and interest	$	10,335	$	7,011	$	4,679	$	10,403	$	3,644	$	60,176	$	96,248
Operating lease liabilities	8,202		10,276		9,531		8,708		7,908		46,794		91,419
Finance lease liabilities, including interest	1,478		1,460		1,376		1,156		1,024		6,768		13,262
Financing obligations, including interest (1)	319		466		473		481		488		6,330		8,557
Leases not yet commenced	1,692		2,579		2,712		2,759		2,893		24,187		36,822
Unconditional purchase obligations (2)	7,322		8,278		6,336		4,862		2,341		10,730		39,869
Other commitments (3)	2,690		1,634		1,168		767		689		9,436		16,384
Total commitments	$	32,038	$	31,704	$	26,275	$	29,136	$	18,987	$	164,421	$	302,561

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(1)Includes non-cancellable financing obligations for fulfillment network and data center facilities. Excluding interest, current financing obligations of $271 million and $269 million are recorded within “Accrued expenses and other” and $6.6 billion and $6.5 billion are recorded within “Other long-term liabilities” as of December 31, 2023 and March 31, 2024. The weighted-average remaining term of the financing obligations was 17.0 years and 16.7 years and the weighted-average imputed interest rate was 3.1% as of December 31, 2023 and March 31, 2024.

(2)Includes unconditional purchase obligations related to long-term agreements to acquire and license digital media content that are not reflected on the consolidated balance sheets, and certain products offered in our Whole Foods Market stores. For those digital media content agreements with variable terms, we do not estimate the total obligation beyond any minimum quantities and/or pricing as of the reporting date. Purchase obligations associated with renewal provisions solely at the option of the content provider are included to the extent such commitments are fixed or a minimum amount is specified. Renewable energy agreements based on actual generation without a fixed or minimum volume commitment are not included. These agreements also provide the right to receive renewable energy certificates for no additional consideration.

(3)Includes asset retirement obligations, liabilities associated with digital media content agreements with initial terms greater than one year, and the estimated timing and amounts of payments for rent and tenant improvements associated with build-to-suit lease arrangements that are under construction. Excludes approximately $5.5 billion of income tax contingencies for which we cannot make a reasonably reliable estimate of the amount and period of payment, if any.