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Debt maturities
When borrowings come due: the 10-K schedule, the current portion of long-term debt, and what the table leaves out.
The short answer
A debt-maturity schedule shows when a company's borrowings come due: this year, the next few years, and later. The amounts usually sit in a note to the financial statements or in the liquidity section of the MD&A. They describe cash the company has already promised to repay, not a forecast of whether it will refinance.
Where to find the schedule
Most 10-Ks put a table in the debt note listing amounts due in each of the next five years, then a remainder due after that. The balance sheet itself only splits debt into two buckets: the portion due within a year (current) and the rest (long-term). The schedule is what fills in the years in between.
Procter & Gamble's 10-K for the year ended June 30, 2026 includes a table headed "Long-term debt maturities during the next five fiscal years are as follows," with a line for each fiscal year from 2027 through 2031. The first year of that table is the same idea as the current portion of long-term debt: principal that will be due in the coming fiscal year.
What the table usually leaves out
- Refinancing. Companies often repay a maturing bond by issuing a new one. The schedule shows the existing contract, not the company's plan to roll it over.
- Short-term programs. Commercial paper and revolving borrowings can be due in days or weeks and may sit in a different line. Commercial paper covers those notes.
- Interest. Some tables show only principal. Others add a line for interest payments. The heading and the footnotes say which it is.
Apple's 10-K for fiscal 2026 is an example of a short-term program reported on its own: the company also issues unsecured short-term promissory notes pursuant to a commercial paper program.
A bunching of maturities in a single year is a reason to read the liquidity discussion next: how much cash and unused borrowing capacity the company reports against those dates.
Source: Procter & Gamble 10-K for fiscal 2026, filed Aug 4, 2026
Current portion vs. the rest
When a bond has years left but part of the principal is due in the next 12 months, that part moves to current liabilities. The remainder stays long-term. A reader who only looks at long-term debt can miss a large repayment that is already within a year.
Common questions
What is a debt-maturity schedule?
A table, usually in the debt note of the 10-K, that lists when existing borrowings come due, often year by year for the next five years and then in total after that.
Where is the current portion of long-term debt?
On the balance sheet, in current liabilities. It is the principal due within a year. The maturity schedule typically starts with that same amount.
Does a large maturity mean the company will run out of cash?
No. Many companies refinance maturing debt with new borrowings. The schedule describes the existing contracts; the MD&A and the cash and credit-line figures say more about how those contracts might be met.
Is commercial paper in the maturity schedule?
Not always. Commercial paper is short-term and often shown separately, as in Apple's and P&G's 10-Ks. Check both the debt note and the current-liability lines.
Why do some tables include interest?
To show total cash the company expects to pay lenders, not only principal. The footnotes say whether interest is included.
Disclosures
- Editor holdings
- The editor holds no position in any company named on this page. As of Nov 11, 2026.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- Each company's own SEC filings, linked next to each number.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold any security, and it doesn't consider your situation.
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