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63
EXCHANGE RATE SENSITIVITY
The table below provides information about our financial instruments that are sensitive to foreign currency exchange rates. These
instruments include debt obligations and forward and option foreign currency exchange contracts. For debt obligations, the table
presents cash flows of principal repayment and weighted-average interest rates. For forward and option foreign currency exchange
contracts, the table presents notional amounts and weighted-average contractual exchange rates. Notional amounts are used to
calculate the contractual payments to be exchanged under the contract. The amounts included in the table below are in U.S. dollars,
unless noted ($ in millions).
FISCAL 2004 FISCAL 2005 FISCAL 2006 FISCAL 2007 FISCAL 2008 THEREAFTER TOTAL FAIR VALUE
LONG-TERM DEBT:
Fixed rate (Euro) 12.5 578.7 5.4 688.0 1.6 785.6 2,071.8 2,068.2
Average interest rate 5.5% 4.4% 2.4% 6.1% 4.2% 5.5% — —
Fixed rate (Yen) 3.9 0.4 0.4 0.4 0.4 53.6 59.1 59.1
Average interest rate 2.2% 1.8% 2.1% 2.1% 2.1% 5.0% — —
Fixed rate (British Pound) 0.3 0.8 0.1 0.2 0.2 762.4 764.0 764.3
Average interest rate 4.9% 4.2% 5.0% 5.0% 5.0% 6.6% — —
Fixed rate (Other) 2.6 1.4 1.5 0.3 0.1 — 5.9 5.9
Average interest rate 4.7% 2.8% 1.3% 4.5% 4.5% — — —
Variable rate (Euro) 19.1 10.8 10.4 12.3 12.9 11.1 76.6 76.6
Average interest rate (1) 3.3% 3.3% 3.4% 3.4% 3.5% 3.3% — —
Variable rate (Yen) 0.5—————0.50.5
Average interest rate (1) 1.4% ———————
Variable rate (British Pound) 0.7 0.1 0.1 — — — 0.9 0.9
Average interest rate (1) 4.4% 2.5% 2.5% —————
Variable rate (Other) 5.2 0.2 0.2 0.1 — — 5.7 5.7
Average interest rate (1) 1.6% 5.3% 5.3% 5.3% ————
FORWARD CONTRACTS:
Pay US$/Receive Australian Dollar 52.9 —————52.9 5.1
Average contractual exchange rate 0.62 ———————
Pay US$/Receive British Pound 22.4 —————22.4 (2.0)
Average contractual exchange rate 1.58 ———————
Pay US$/Receive Euro 317.0 —————317.0 11.8
Average contractual exchange rate 1.11 ———————
Pay US$/Receive Yen 339.3 —————339.3 24.3
Average contractual exchange rate
(Yen/US$)119.6 ———————
Pay US$/Receive Canadian Dollar 23.7 —————23.7 0.7
Average contractual exchange rate 1.40 ———————
Pay US$/Receive Singapore Dollar 201.7 —————201.7 2.7
Average contractual exchange rate 1.75 ———————
Pay US$/Receive Hong Kong Dollar 74.5 —————74.5 0.6
Average contractual exchange rate 7.80 ———————
Receive US$/Pay Mexican Peso 28.7 —————28.7 1.0
Average contractual exchange rate 10.6 ———————
Receive US$/Pay Czech. Republic Koruna 21.9 —————21.9 —
Average contractual exchange rate 27.6 ———————
(1) Weighted-average variable interest rates are based on applicable rates at September 30, 2003 per the terms of the contracts of the related financial instruments.
TYCO INTERNATIONAL LTD.