Debt (Tables)

12 Months Ended

Dec. 31, 2022

Long-term debt balances, including obligations for finance leases, and associated interest rates and maturities as of December 31, 2022, were as follows:


	December 31,
	2022		2021
	(in millions)
Senior secured term loan facility with a rate of 6.17%, due 2026	$	2,619	$	2,619
Senior notes with a rate of 5.375%, due 2025(1)	500		500
Senior notes with a rate of 4.875%, due 2027(1)	600		600
Senior notes with a rate of 5.750%, due 2028(1)	500		500
Senior notes with a rate of 3.750%, due 2029(1)	800		800
Senior notes with a rate of 4.875%, due 2030(1)	1,000		1,000
Senior notes with a rate of 4.000%, due 2031(1)	1,100		1,100
Senior notes with a rate of 3.625%, due 2032(1)	1,500		1,500
Finance lease liabilities with a weighted average rate of 5.90%, due 2023 to 2030(2)	164		208
Other debt of consolidated VIEs with a weighted average rate of 1.12%, due 2024 to 2029(2)	37		26
	8,820		8,853
Less: unamortized deferred financing costs and discount	(73)		(87)
Less: current maturities of long-term debt(3)	(39)		(54)
	$	8,708	$	8,712

____________

(1)These notes are collectively referred to as the Senior Notes and are jointly and severally guaranteed on a senior unsecured basis by the Parent and substantially all of its direct and indirect wholly owned domestic restricted subsidiaries, except for Hilton Domestic Operating Company Inc. ("HOC"), an indirect wholly owned subsidiary of the Parent and the issuer of all of the series of Senior Notes.

(2)Long-term debt of our consolidated variable interest entities is included in finance lease liabilities and other debt of consolidated VIEs as applicable; refer to Note 4: "Consolidated Variable Interest Entities" for additional information.

(3)Represents current maturities of finance lease liabilities and borrowings of one consolidated VIE.

Debt maturities

The contractual maturities of our long-term debt as of December 31, 2022 were as follows:


Year	(in millions)
2023	$	39
2024	33
2025	526
2026	2,658
2027	617
Thereafter	4,947
	$	8,820