Debt Schedule – Multiple Debt Instruments

Overview Marriott International is one of the world's largest hospitality companies, operating and franchising thousands of hotels across a wide range of brands. To support acquisitions, development, and ongoing business operations, Marriott finances its business through multiple debt instruments, including Term Loans and Senior Notes. This practice focuses on building an intermediate Debt Schedule by forecasting multiple debt instruments separately and consolidating them into Total Debt. You will calculate Ending Debt for each debt type and estimate Interest Expense using the average debt balance and interest rate, linking the schedule back to the Balance Sheet and Income Statement. Learning Goals Understand how to forecast multiple debt instruments, including Term Loans and Senior Notes, within a single debt schedule. Learn how individual debt balances are combined to calculate Total Debt and Interest Expense. Connect the debt schedule to the financial statements by linking Total Ending Debt to the Balance Sheet and Interest Expense to the Income Statement.

Practice Debt Schedule – Multiple Debt Instruments with interactive Excel modeling exercises in our 3-Statement Supporting Schedules module.

This hands-on modeling exercise helps you master Debt Schedule – Multiple Debt Instruments through real-world Excel practice and financial modeling techniques.