CVS 2015 Annual Report Download - page 78

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76 CVS Health
Notes to Consolidated Financial Statements
6 | Borrowings and Credit Agreements
The following table is a summary of the Company’s borrowings as of December 31:
IN MILLIONS 2015 2014
Commercial paper
$ —
$ 685
3.25% senior notes due 2015
—
550
1.2% senior notes due 2016
750
750
6.125% senior notes due 2016
421
421
5.75% senior notes due 2017
1,080
1,080
1.9% senior notes due 2018
2,250
—
2.25% senior notes due 2018
1,250
1,250
2.25% senior notes due 2019
850
850
6.6% senior notes due 2019
394
394
2.8% senior notes due 2020
2,750
—
4.75% senior notes due 2020
450
450
4.125% senior notes due 2021
550
550
2.75% senior notes due 2022
1,250
1,250
3.5% senior notes due 2022
1,500
—
4.75% senior notes due 2022
400
—
4% senior notes due 2023
1,250
1,250
3.375% senior notes due 2024
650
650
5% senior notes due 2024
300
—
3.875% senior notes due 2025
3,000
—
6.25% senior notes due 2027
453
453
3.25% senior exchange debentures due 2035
5
—
4.875% senior notes due 2035
2,000
—
6.125% senior notes due 2039
734
734
5.75% senior notes due 2041
493
493
5.3% senior notes due 2043
750
750
5.125% senior notes due 2045
3,500
—
Capital lease obligations
644
391
Other
20
41
Total debt principal
27,694
12,992
Debt premiums
39
—
Debt discounts and deferred financing costs
(269)
(102)
27,464
12,890
Less:
Short-term debt (commercial paper)
—
(685)
Current portion of long-term debt
(1,197)
(575)
Long-term debt
$ 26,267
$ 11,630
The Company did not have any commercial paper outstanding as of December 31, 2015. In connection with its
commercial paper program, the Company maintains a $1.0 billion, five-year unsecured back-up credit facility, which
expires on May 23, 2018, a $1.25 billion, five-year unsecured back-up credit facility, which expires on July 24, 2019,