That $85 billion was bonds, and requires ongoing repayments of billions every year in interest payments
And then the $85bn to be repaid too.
And then the $85bn to be repaid too.
Also, looks like I got it wrong and they've only raised $45B to date. The rest will come as part of the ATM offering program that begins in Q3.
more details here: https://www.sec.gov/Archives/edgar/data/1652044/000119312526...
https://www.reuters.com/business/alphabet-sells-bonds-worth-...