| Long-term Debt Including Unamortized Debt Discounts and Premiums |
The following table lists long-term debt by instrument outstanding as of December 31, 2025 and 2024: | | | | | | | | | | | | | Date of | Principal Amount Outstanding | | Issuance | 2025 | 2024 | | CSC Fixed-rate Senior Notes: | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3.000% due March 10, 2025 | 03/10/15 | $ | — | | $ | 375 | | 4.200% due March 24, 2025 | 03/24/20 | — | | 600 | | 3.625% due April 1, 2025 | 09/24/21 | — | | 418 | | 3.850% due May 21, 2025 | 05/22/18 | — | | 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 | | 1,000 | | 5.875% due August 24, 2026 | 08/24/23 | 1,000 | | 1,000 | | 3.200% due March 2, 2027 | 03/02/17 | 650 | | 650 | | 2.450% due March 3, 2027 | 03/03/22 | 1,500 | | 1,500 | | 3.300% due April 1, 2027 | 09/24/21 | 744 | | 744 | | 3.200% due January 25, 2028 | 12/07/17 | 700 | | 700 | | 2.000% due March 20, 2028 | 03/18/21 | 1,250 | | 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 | 09/24/21 | 475 | | 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 | | 750 | | 1.950% due December 1, 2031 | 08/26/21 | 850 | | 850 | | 2.900% due March 3, 2032 | 03/03/22 | 1,000 | | 1,000 | | | CSC Floating-rate Senior Notes: | | | | | | | | | | | | SOFR + 0.520% due May 13, 2026 | 05/13/21 | 500 | | 500 | | SOFR + 1.050% due March 3, 2027 | 03/03/22 | 500 | | 500 | | CSC Fixed-to-Floating rate Senior Notes (1): | | | | 5.643% due May 19, 2029 | 05/19/23 | 1,200 | | 1,200 | | 6.196% due November 17, 2029 | 11/17/23 | 1,300 | | 1,300 | | 4.343% due November 14, 2031 | 11/14/25 | 1,000 | | — | | 5.853% due May 19, 2034 | 05/19/23 | 1,300 | | 1,300 | | 6.136% due August 24, 2034 | 08/24/23 | 1,350 | | 1,350 | | 4.914% due November 14, 2036 | 11/14/25 | 1,000 | | — | | | Total CSC Senior Notes | | 22,119 | | 22,262 | | | Ameritrade Holding LLC Fixed-rate Senior Notes: | | | | | | | | | | | | 3.625% due April 1, 2025 | 10/22/14 | — | | 82 | | 3.300% due April 1, 2027 | 04/27/17 | 56 | | 56 | | 2.750% due October 1, 2029 | 08/16/19 | 25 | | 25 | | | | | | | | | | | Total Ameritrade Holding LLC Senior Notes | | 81 | | 163 | | | Finance lease liabilities | | 37 | | 49 | | | Unamortized premium — net | | 33 | | 54 | | | Debt issuance costs | | (82) | | (93) | | Fair value hedging basis adjustments (2) | | 11 | | (7) | | | Total long-term debt | | $ | 22,199 | | $ | 22,428 | |
(1) Interest rates presented are those in effect at December 31, 2025. See table below for additional information regarding future interest rates on fixed-to-floating rate Senior Notes. (2) This represents the amount of fair value hedge basis adjustments related to Senior Notes hedged. See Notes 2 and 16 for more information on hedging of Senior Notes. The following table details the changes in future interest rates on fixed-to-floating rate Senior Notes as of December 31, 2025: | | | | | | | | | | | | | | | | Maturity Date | Fixed Semi-annual Interest Rate | Date of Issuance | Floating Quarterly Interest Rate | Interest Rate Reset Date | | May 19, 2029 | 5.643% | 05/19/23 | SOFR + 2.210% | 05/19/28 | | November 17, 2029 | 6.196% | 11/17/23 | SOFR + 1.878% | 11/17/28 | | November 14, 2031 | 4.343% | 11/14/25 | SOFR + 0.940% | 11/14/30 | | May 19, 2034 | 5.853% | 05/19/23 | SOFR + 2.500% | 05/19/33 | | August 24, 2034 | 6.136% | 08/24/23 | SOFR + 2.010% | 08/24/33 | | November 14, 2036 | 4.914% | 11/14/25 | SOFR + 1.230% | 11/14/35 |
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| Annual Maturities on Long-Term Debt Outstanding |
Annual maturities on all long-term debt outstanding at December 31, 2025, are as follows: | | | | | | | Maturities | | 2026 | $ | 4,124 | | | 2027 | 3,463 | | | 2028 | 1,950 | | | 2029 | 4,200 | | | 2030 | 500 | | | Thereafter | 8,000 | | | Total maturities | 22,237 | | | Unamortized premium — net | 33 | | | Debt issuance costs | (82) | | Fair value hedging basis adjustments (1) | 11 | | | Total long-term debt | $ | 22,199 | |
(1) This represents the amount of fair value hedge basis adjustments related to long-term debt hedged. See Notes 2 and 16 for more information on hedging of long-term debt.
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