Review: Debt highlights
2022 2021 2020
Fixed-rate debt as a percent of total debt 96 % 95 % 95 %
Weighted-average annual interest rate of total debt 3.5 3.2 3.2 
Foreign currency-denominated debt as a percent of total debt 36 36 36 
Total debt as a percent of total capitalization (total debt and total Shareholders' equity) 120 115 126 
Cash provided by operations as a percent of total debt 20 26 17 
(1) All percentages are as of December 31, except for the weighted-average annual interest rate, which is for the year .