PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557 Current portion (4,096) (2,224) Long-term debt $23,821 $24,333 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet

$4,096

Explanation:

Data provided in the question:

                                            Current Year             Preceding Year

Total long term-debt             $27,917                       $26,557  

Current portion                      (4,096)                          (2,224)

Long-term debt                     $23,821                        $24,333

Now,

The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet will be the amount equal to the current portion for the current year

Therefore,

the answer is $4,096