Why is short-term debt (and the current portion of long-term debt) included in total debt for the bridge? Is anything current ever EXCLUDED?

Short-term debt, the current portion of long-term debt, revolver draws, and commercial paper are all interest-bearing financing obligations a buyer must repay or refinance, so they belong in total debt regardless of maturity. What IS excluded from current liabilities: accounts payable, accrued expenses, current deferred revenue, and other operating/working-capital items - those are operating, not financing. The maturity bucket doesn't decide inclusion; whether it's a financing (capital-provider) liability does.