Financial Review: 76Debt Profile & Stock Information
Share Repurchase Authorization
During the year ended December 31, 2022, S&P Global purchased a total of 33.5 million shares for $12.0 billion of cash. On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2022 Repurchase Program”), which was approximately 9% of the total shares of our outstanding common stock at that time. As of December 31, 2022, 27.2 million shares remained available under the 2022 Repurchase Program and the 2020 and 2013 repurchase programs were completed.
Debt Profile
Summary of Debt Outstanding
(dollars in millions) (as of December 31)
| Senior Notes: | CUSIP | 2021 | 2022 |
| 4.125%, due 2023 | 44962LAG2 | – | $38 |
| 3.625%, due 2024 | 44962LAH0 | – | $48 |
| 4.75%, due 2025 | 44962LAB3 | – | $4 |
| 4.0%, due 2025 | 78409VAD6 | $696 | – |
| 4.0%, due 2026 | 44962LAC1 | – | $3 |
| 2.95%, due 2027 | 78409VAL8 | $496 | $496 |
| 2.45%, due 2027 | 78409VBA1 | – | $1,237 |
| 4.75%, due 2028 | 78409VAY0 | – | $823 |
| 4.25%, due 2029 | BU9453442 | – | $1,029 |
| 2.5%, due 2029 | 78409VAP9 | $496 | $497 |
| 2.70% Sustainability-Linked, due 2029 | 78409VBB9 | – | $1,233 |
| 1.25%, due 2030 | 78409VAS3 | $593 | $594 |
| 2.90%, due 2032 | U75091AQ8 | – | $1,472 |
| 6.55%, due 2037 | 78409VAB0 | $290 | $290 |
| 4.5%, due 2048 | 78409VAN4 | $273 | $272 |
| 3.25%, due 2049 | 78409VAQ7 | $589 | $590 |
| 3.7%, due 2052 | 78409VBD5 | – | $974 |
| 2.3%, due 2060 | 78409VAR5 | $681 | $682 |
| 3.9%, due 2062 | 78409VBE3 | – | $486 |
| Short-term debt | N/A | – | $188 |
| Total debt | $4,114 | $10,956 | |
| Less: Cash, cash equivalents, and restricted cash & short-term investments | $6,516 | $1,301 | |
| Net (cash) debt | $(2,402) | $9,655 |
See page 72 for 11-Year Net Debt (Cash) to EBITDA and footnotes
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 12/31/2022)
| U.S. and Canada | 75% |
| Rest of World | 25% |
| 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:
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 tim
Adjusted for all stock splits