Debt (Tables)

6 Months Ended

Jun. 30, 2024

Long-term debt was:


			June 30	December 31	June 30
in $ millions	Effective interest rate		2024	2023	2023
Long-term debt
(U.S. Dollar denominated unless otherwise noted)

0.875% euro Senior Notes due 2023	0.92	%	-	-	543
1.875% euro Senior Notes due 2024	2.02	%	-	663	651
3.875% Senior Notes due 2025	3.93	%	1,250	1,250	1,250
1.250% euro Senior Notes due 2026	1.25	%	802	829	814
3.400% Senior Notes due 2027	3.49	%	600	600	600
4.000% euro Senior Notes due 2027	4.13	%	535	553	-
3.950% Senior Notes due 2028	4.07	%	900	900	900
1.375% euro Senior Notes due 2028	1.42	%	642	663	651
5.200% Senior Notes due 2029	5.30	%	750	-	-
4.125% Sterling Senior Notes due 2029	4.22	%	506	509	506
1.625% euro Senior Notes due 2030	1.72	%	802	829	814
4.000% euro Senior Notes due 2031	4.10	%	802	829	-
6.400% Senior Notes due 2033 (i)	6.43	%	213	213	213
5.400% Senior Notes due 2034	5.52	%	750	-	-
4.250% euro Senior Notes due 2035	4.38	%	802	829	-
5.125% Senior Notes due 2045	5.25	%	500	500	500
4.400% Senior Notes due 2047	4.44	%	400	400	400
4.500% Senior Notes due 2048	4.63	%	600	600	600
PHP interest bearing loan due 2027	6.02	%	386	396	423
U.S. Dollar Commercial Paper	5.67	%	1,260	1,002	200
Euro Commercial Paper	4.01	%	498	-	559
Other			33	37	16
Unamortized discounts and debt issuance costs			(72)	(67)	(54)
Total long-term debt (ii)			12,959	11,535	9,586
Less: current portion of long-term debt (iii)			(3,059)	(1,759)	(2,023)
Long-term debt			9,900	9,776	7,563

(i) The $300 million 6.400% Senior Notes were issued in September 2003, and at the time of issuance the Senior Notes were partially swapped to floating interest rates. In August 2009 and December 2010, $87 million of the issued Senior Notes were acquired by CRH plc as part of liability management exercises undertaken and the interest rate hedge was closed out. The remaining fair value hedge adjustment on the hedged item in the Condensed Consolidated Balance Sheets was $28 million, $30 million, and $31 million at June 30, 2024, December 31, 2023, and June 30, 2023, respectively.

(ii) Of the Company’s nominal fixed rate debt at June 30, 2024 and December 31, 2023, $1,375 million, was hedged to daily compounded Secured Overnight Financing Rate (SOFR) using interest rate swaps. Of the Company’s nominal fixed rate debt at June 30, 2023, $1,375 million was hedged to U.S. Dollar London Interbank Offered Rate (LIBOR) using interest rate swaps.

(iii) Excludes borrowings from bank overdrafts of $159 million, $107 million and $162 million, which are recorded within Current portion of long-term debt in the Condensed Consolidated Balance Sheets at June 30, 2024, December 31, 2023, and June 30, 2023, respectively.

Schedule of Maturities of Long-Term Debt

The long-term debt maturities, net of the unamortized discounts and debt issuance costs, for the periods subsequent to June 30, 2024 are as follows:


in $ millions	Remainder of 2024	2025	2026	2027	2028	2029 and thereafter	Total
Long-term debt maturities	1,832	1,224	1,094	1,128	1,508	6,173	12,959