Amgen 2012 Annual Report Download - page 129
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F-30
13. Accrued liabilities
Accrued liabilities consisted of the following as of December 31, 2012 and 2011 (in millions):
2012 2011
Sales deductions $ 1,129 $ 1,326
Employee compensation and benefits 1,010 916
Sales returns reserve 346 339
Legal reserve — 780
Other 2,306 1,667
Total accrued liabilities $ 4,791 $ 5,028
14. Financing arrangements
The carrying values and the fixed contractual coupon rates of our long-term borrowings were as follows as of December 31,
2012 and 2011 (in millions):
2012 2011
0.375% convertible notes due 2013 (0.375% 2013 Convertible Notes) $ 2,488 $ 2,346
1.875% notes due 2014 (1.875% 2014 Notes) 1,000 1,000
4.85% notes due 2014 (4.85% 2014 Notes) 1,000 1,000
2.30% notes due 2016 (2.30% 2016 Notes) 749 748
2.50% notes due 2016 (2.50% 2016 Notes) 999 999
2.125% notes due 2017 (2.125% 2017 Notes) 1,248 —
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) 723 714
5.70% notes due 2019 (5.70% 2019 Notes) 999 998
2.125% euro denominated notes due 2019 (2.125% 2019 euro Notes) 887 —
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) 998 998
3.875% notes due 2021 (3.875% 2021 Notes) 1,745 1,745
3.625% notes due 2022 (3.625% 2022 Notes) 747 —
5.50% pound sterling denominated notes due 2026 (5.50% 2026 pound sterling Notes) 763 739
4.00% pound sterling denominated notes due 2029 (4.00% 2029 pound sterling Notes) 1,117 —
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) 697 697
4.95% notes due 2041 (4.95% 2041 Notes) 595 595
5.15% notes due 2041 (5.15% 2041 Notes) 2,232 2,232
5.65% notes due 2042 (5.65% 2042 Notes) 1,244 1,244
5.375% notes due 2043 (5.375% 2043 Notes) 1,000 —
Other, including our zero-coupon convertible notes 109 184
Total debt 26,529 21,428
Less current portion (2,495)(84)
Total noncurrent debt $ 24,034 $ 21,344
Debt repayments
During the year ended December 31, 2012, we repaid $123 million of debt, including the redemption of all of our outstanding
zero-coupon convertible notes due in 2032 and debt assumed in the acquisition of MN and deCODE. In February 2011, our 0.125%