BHE Debt

12 Months Ended

Dec. 31, 2024

Senior Debt

BHE senior debt represents unsecured senior obligations of BHE that are redeemable in whole or in part at any time generally with make whole premiums. BHE senior debt consists of the following, including fair value adjustments and unamortized premiums, discounts and debt issuance costs, as of December 31 (in millions):


	Par Value		2024		2023

3.50% Senior Notes, due 2025	$	400	$	400	$	399
4.05% Senior Notes, due 2025	1,250		1,250		1,248
3.25% Senior Notes, due 2028	600		597		593
8.48% Senior Notes, due 2028	256		257		264
3.70% Senior Notes, due 2030	1,100		1,097		1,096
1.65% Senior Notes, due 2031	500		498		498
6.125% Senior Bonds, due 2036	1,670		1,663		1,663
5.95% Senior Bonds, due 2037	550		548		548
6.50% Senior Bonds, due 2037	225		223		223
5.15% Senior Notes, due 2043	750		741		741
4.50% Senior Notes, due 2045	750		739		739
3.80% Senior Notes, due 2048	750		738		736
4.45% Senior Notes, due 2049	1,000		991		990
4.25% Senior Notes, due 2050	900		889		889
2.85% Senior Notes, due 2051	1,500		1,489		1,488
4.60% Senior Notes, due 2053	1,000		987		986
Total BHE Senior Debt	$	13,201	$	13,107	$	13,101

Reflected as:
Current liabilities			$	1,650	$	—
Noncurrent liabilities			11,457		13,101
Total BHE Senior Debt			$	13,107	$	13,101

Junior Subordinated Debentures

BHE junior subordinated debentures consists of the following as of December 31 (in millions):


	Par Value		2024		2023

5.00% Junior subordinated debentures, due 2057	$	—	$	—	$	100
Total BHE junior subordinated debentures - noncurrent	$	—	$	—	$	100

In September 2024, BHE acquired, cancelled and extinguished the junior subordinated debentures held by a minority shareholder. Interest expense to the minority shareholder was $4 million, $5 million and $5 million for the years ended December 31, 2024, 2023 and 2022.