Amgen 2011 Annual Report Download - page 153
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AMGEN INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
13. Accrued liabilities
Accrued liabilities consisted of the following as of December 31, 2011 and 2010 (in millions):
2011 2010
Sales deductions .............................................................. $1,326 $1,144
Employee compensation and benefits .............................................. 916 764
Sales returns reserve ........................................................... 339 339
Legal reserve ................................................................. 780 —
Other ....................................................................... 1,667 1,119
Total accrued liabilities ....................................................... $5,028 $3,366
See Note 18, Contingencies and commitments, for further discussion of the legal reserve.
14. Financing arrangements
The carrying values and the fixed contractual coupon rates of our long-term borrowings were as follows as
of December 31, 2011 and 2010 (in millions):
2011 2010
0.125% convertible notes due 2011 (0.125% 2011 Convertible Notes) ................. $ — $ 2,488
0.375% convertible notes due 2013 (0.375% 2013 Convertible Notes) ................. 2,346 2,213
1.875% notes due 2014 (1.875% 2014 Notes) ..................................... 1,000 —
4.85% notes due 2014 (4.85% 2014 Notes) ....................................... 1,000 1,000
2.30% notes due 2016 (2.30% 2016 Notes) ....................................... 748 —
2.50% notes due 2016 (2.50% 2016 Notes) ....................................... 999 —
5.85% notes due 2017 (5.85% 2017 Notes) ....................................... 1,099 1,099
6.15% notes due 2018 (6.15% 2018 Notes) ....................................... 499 499
4.375% euro denominated notes due 2018 (4.375% 2018 euro Notes) .................. 714 —
5.70% notes due 2019 (5.70% 2019 Notes) ....................................... 998 998
4.50% notes due 2020 (4.50% 2020 Notes) ....................................... 300 300
3.45% notes due 2020 (3.45% 2020 Notes) ....................................... 897 897
4.10% notes due 2021 (4.10% 2021 Notes) ....................................... 998 —
3.875% notes due 2021 (3.875% 2021 Notes) ..................................... 1,745 —
5.50% pound sterling denominated notes due 2026 (5.50% 2026 pound sterling Notes) .... 739 —
6.375% notes due 2037 (6.375% 2037 Notes) ..................................... 899 899
6.90% notes due 2038 (6.90% 2038 Notes) ....................................... 499 499
6.40% notes due 2039 (6.40% 2039 Notes) ....................................... 996 996
5.75% notes due 2040 (5.75% 2040 Notes) ....................................... 697 696
4.95% notes due 2041 (4.95% 2041 Notes) ....................................... 595 595
5.15% notes due 2041 (5.15% 2041 Notes) ....................................... 2,232 —
5.65% notes due 2042 (5.65% 2042 Notes) ....................................... 1,244 —
Other notes, including our zero-coupon convertible notes ............................ 184 183
Total debt ............................................................... 21,428 13,362
Less current portion ......................................................... (84) (2,488)
Total noncurrent debt ...................................................... $21,344 $ 10,874
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