Financial Review: 75Debt Profile & Stock Information
Share Repurchase Authorization
In June 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2022 Repurchase Program”), representing about 9% of the total outstanding common stock at that time. During 2024, S&P Global repurchased 6.7 million shares under the Program for $3.3 billion; 12.0 million shares remained as of December 31, 2024.
Debt Profile
Summary of Debt Outstanding
(dollars in millions) (as of December 31)
| Senior Notes: | CUSIP | 2023 | 2024 |
| 3.625%, due 2024 | 44962LAH0 | $47 | – |
| 4.75%, due 2025 | 44962LAB3 | 4 | 4 |
| 4.0%, due 2026 | 44962LAC1 | 3 | 3 |
| 2.95%, due 2027 | 78409VAM6 | 497 | 498 |
| 2.45%, due 2027 | 78409VBA1 | 1,240 | 1,243 |
| 4.75%, due 2028 | 78409VAY0 | 810 | 797 |
| 4.25%, due 2029 | BU9453442 | 1,016 | 1,004 |
| 2.5%, due 2029 | 78409VAP9 | 497 | 497 |
| 2.70% Sustainability-Linked, due 2029 | 78409VBB9 | 1,236 | 1,238 |
| 1.25%, due 2030 | 78409VAS3 | 595 | 595 |
| 2.90%, due 2032 | U75091AQ8 | 1,474 | 1,477 |
| 5.25%, due 2030 | 78409VBP8 | 743 | 744 |
| 6.55%, due 2037 | 78409VAB0 | 291 | 291 |
| 4.5%, due 2048 | 78409VAN4 | 272 | 273 |
| 3.25%, due 2049 | 78409VAQ7 | 590 | 590 |
| 3.7%, due 2052 | 78409VBD5 | 975 | 975 |
| 2.3%, due 2060 | 78409VAR5 | 683 | 683 |
| 3.9%, due 2062 | 78409VBE3 | 486 | 486 |
| Short-term debt | N/A | – | – |
| Total debt | $11,459 | $11,398 | |
| Less: Cash, cash equivalents, and restricted cash & short-term investments | $1,317 | $1,686 | |
| Net (cash) debt | $10,142 | $9,712 |
See page 71 for Net (Cash) Debt to EBITDA table and EBITDA reconciliation
Stock Information
Stock Split History, 1953–2005
| Record Date | Payment Date | Distribution |
| May 6, 2005 | May 17, 2005 | 2–for–1 |
| February 24, 1999 | March 8, 1999 | 2–for–1 |
| March 28, 1996 | April 26, 1996 | 2–for–1 |
| May 9, 1983 | June 1, 1983 | 2–for–1 |
| June 30, 1967 | July 17, 1967 | 2–for–1 |
| March 10, 1961 | March 17, 1961 | 3–for–1 |
| July 25, 1956 | August 8, 1956 | 3–for–1 |
| July 24, 1953 | August 3, 1953 | 2–for–1 |
Ticker, Exchange & Identifiers
| Ticker Symbol | SPGI |
| Exchange | NYSE |
| CUSIP | 78409V104 |
| ISIN | US78409V1044 |
| GICS | 40201040 |
| Sector | Financials |
Institutional Ownership
(percent of shares outstanding) (period ended 12/31/2024)
| U.S. and Canada | 72% |
| Rest of World | 28% |
| Total | 100% |
Index Membership
| S&P 500 Index and various sub-sector indices |
Note: S&P Dow Jones Indices has an independent and segregated index governance structure that separates index governance from commercial considerations. Inclusion of specific companies as constituents in S&P Dow Jones Indices is based on eligibility criteria as defined in the relevant index methodology, available at spglobal.com/indices
Notes for page 75:
On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares, which was approximately 9% of the Company’s outstanding common stock at the time
On January 29, 2020, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares, which was approximately 12% of the Company’s outstanding common stock at the time
On December 4, 2013, the Board of Directors approved a share repurchase program authorizing the purchase of up to 50 million shares, which was approximately 18% of the Company’s outstanding shares at the time
Adjusted for all stock splits