Long-Term Debt and Credit Arrangements (Tables)

12 Months Ended

Dec. 31, 2025

Components of debt, including the associated effective interest rates and maturities were as follows (in millions, except for percentages):


	As of December 31,
	2024		2025		Stated Interest Rate		Effective Interest Rates		Maturities
2025 Convertible Notes	$	1,150	$	—	—	%	—	%	—
2028 Convertible Notes	1,725		1,725		0.875	%	1.1	%	December 2028
2028 Exchangeable Senior Notes	—		1,125		0.00	%	0.0	%	May 2028
2027 Senior Notes	700		—		—	%	—	%	—
2028 Senior Notes	500		—		—	%	—	%	—
2029 Senior Notes	1,500		1,500		4.50	%	4.7	%	August 2029
2030 Senior Notes	1,250		1,250		4.30	%	4.5	%	January 2030
2031 Senior Notes	—		1,000		4.15	%	4.3	%	January 2031
2034 Senior Notes	1,500		1,500		4.80	%	4.9	%	September 2034
2035 Senior Notes	—		1,250		4.80	%	5.0	%	September 2035
2054 Senior Notes	1,250		1,250		5.35	%	5.4	%	September 2054
Total debt (1)	9,575		10,600
Less: unamortized discount and issuance costs	(78)		(79)
Less: current portion of long-term debt	(1,150)		—
Total long-term debt	$	8,347	$	10,521

(1) The total fair value of our outstanding debt was $9.5 billion and $11.1 billion as of December 31, 2024 and 2025, respectively, and was determined based on quoted prices in markets that are not active, which is considered a Level 2 valuation input.

Schedule of Future Principal Payments

The future principal payments for our long-term debt as of December 31, 2025 are summarized as follows (in millions):


	Future Minimum Payments
Year Ending December 31,
2026	$	—
2027	—
2028	2,850
2029	1,500
2030	1,250
Thereafter	5,000
Total	$	10,600

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Uber Technologies, Inc 10-K