Percentage of debt principal exchanged

  
THE CHARLES SCHWAB CORPORATIONNotes to Consolidated Financial Statements(Tabular Amounts in Millions, Except Per Share Data, Option Price Amounts, Ratios, or as Noted)  
The following table lists long-term debt by instrument outstanding as of December 31, 2021 and 2020.

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Date of | Principal Amount Outstanding |
|  | Issuance | 2021 | 2020 |
| CSC Fixed-rate Senior Notes: |  |  |  |
| 3.250% due May 21, 2021 | 05/22/18 | $ | —  |  | $ | 600  |  |
| 3.225% due September 1, 2022 | 08/29/12 | 256  |  | 256  |  |
| 2.650% due January 25, 2023 | 12/07/17 | 800  |  | 800  |  |
| 3.550% due February 1, 2024 | 10/31/18 | 500  |  | 500  |  |
| 0.750% due March 18, 2024 | 03/18/21 | 1,500  |  | —  |  |
| 3.750% due April 1, 2024 (1) | 09/24/21 | 350  |  | —  |  |
| 3.000% due March 10, 2025 | 03/10/15 | 375  |  | 375  |  |
| 4.200% due March 24, 2025 | 03/24/20 | 600  |  | 600  |  |
| 3.625% due April 1, 2025 (1) | 09/24/21 | 418  |  | —  |  |
| 3.850% due May 21, 2025 | 05/22/18 | 750  |  | 750  |  |
| 3.450% due February 13, 2026 | 11/13/15 | 350  |  | 350  |  |
| 0.900% due March 11, 2026 | 12/11/20 | 1,250  |  | 1,250  |  |
| 1.150% due May 13, 2026 | 05/13/21 | 1,000  |  | —  |  |
| 3.200% due March 2, 2027 | 03/02/17 | 650  |  | 650  |  |
| 3.300% due April 1, 2027 (1) | 09/24/21 | 744  |  | —  |  |
| 3.200% due January 25, 2028 | 12/07/17 | 700  |  | 700  |  |
| 2.000% due March 20, 2028 | 03/18/21 | 1,250  |  | —  |  |
| 4.000% due February 1, 2029 | 10/31/18 | 600  |  | 600  |  |
| 3.250% due May 22, 2029 | 05/22/19 | 600  |  | 600  |  |
| 2.750% due October 1, 2029 (1) | 09/24/21 | 475  |  | —  |  |
| 4.625% due March 22, 2030 | 03/24/20 | 500  |  | 500  |  |
| 1.650% due March 11, 2031 | 12/11/20 | 750  |  | 750  |  |
| 2.300% due May 13, 2031 | 05/13/21 | 750  |  | —  |  |
| 1.950% due December 1, 2031 | 08/26/21 | 850  |  | —  |  |
| CSC Floating-rate Senior Notes: |  |  |  |
| Three-month LIBOR + 0.32% due May 21, 2021 | 05/22/18 | —  |  | 600  |  |
| SOFR + 0.500% due March 18, 2024 | 03/18/21 | 1,250  |  | —  |  |
| SOFR + 0.520% due May 13, 2026 | 05/13/21 | 500  |  | —  |  |
| Total CSC Senior Notes |  | 17,768  |  | 9,881  |  |
| TDA Holding Fixed-rate Senior Notes: |  |  |  |
| 2.950% due April 1, 2022 | 03/09/15 | 750  |  | 750  |  |
| 3.750% due April 1, 2024 (1) | 11/01/18 | 50  |  | 400  |  |
| 3.625% due April 1, 2025 (1) | 10/22/14 | 82  |  | 500  |  |
| 3.300% due April 1, 2027 (1) | 04/27/17 | 56  |  | 800  |  |
| 2.750% due October 1, 2029 (1) | 08/16/19 | 25  |  | 500  |  |
| TDA Holding Floating-rate Senior Notes: |  |  |  |
| Three-month LIBOR + 0.43% due November 1, 2021 | 11/01/18 | —  |  | 600  |  |
| Total TDA Holding Senior Notes  |  | 963  |  | 3,550  |  |
| Finance lease liabilities |  | 94  |  | 6  |  |
| Unamortized premium — net |  | 180  |  | 249  |  |
| Debt issuance costs |  | (91) |  | (54) |  |
| Total long-term debt |  | $ | 18,914  |  | $ | 13,632  |  |

(1) During 2021, we completed an offer to exchange certain senior notes issued by TDA Holding for senior notes issued by CSC. Of the approximately $2.2 billion in aggregate principal amount of TDA Holding’s senior notes offered in the exchange, 90%, or approximately $2.0 billion, were tendered and accepted. The new senior notes issued by CSC have the same interest rates and maturity dates as the TDA Holding senior notes. The $213 million not exchanged remained outstanding across four series of senior notes issued by TDA Holding. The debt exchange was treated as a debt modification for accounting purposes.  
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