Inward FDI: only cover debt transactions between U.S. affiliates and their affiliated foreign group (AFG). The AFG consists of the foreign parent and all other foreign entities that are connected to the foreign parent by a chain of majority ownership. Equity investments of less than 10% are not covered. Outward FDI: only cover debt transactions between foreign affiliates and the consolidated U.S. parent. The consolidated U.S. parent includes only majority-owned U.S. entities. Equity investments of less than 10 percent are not covered.