Comcast 2014 Annual Report Download - page 109

Table of Contents
Comcast Corporation
Note 10: Long-Term Debt
Long-Term Debt Outstanding
As of December 31, 2014 and 2013, our debt had an estimated fair value of $55.3 billion and $51.8 billion, respectively. The
estimated fair value of our publicly traded debt is primarily based on Level 1 inputs that use quoted market values for the debt. The
estimated fair value of debt for which there are no quoted market prices is based on Level 2 inputs that use interest rates available
to us for debt with similar terms and remaining maturities. See Note 20 for additional information on our cross-guarantee structure.
Debt Maturities
2014 Debt Borrowings
December 31 (in millions)
Weighted-
Average
Interest Rate as of
December 31, 2014
2014
2013
Commercial paper
0.373
%
$
845
$
1,350
Revolving bank credit facilities —%
—
1,250
Senior notes with maturities of 5 years or less
4.642
%
15,334
15,080
Senior notes with maturities between 5 and 10 years
4.822
%
10,527
11,533
Senior notes with maturities greater than 10 years
5.737
%
20,937
18,010
Other, including capital lease obligations —
591
624
Total debt
4.95
%
48,234
47,847
Less: Current portion
4,217
3,280
Long-term debt
$
44,017
$
44,567
(a)
The December 31, 2014 and 2013 amounts include £
625 million of 5.50% notes due 2029 which translated to $974 million and $1 billion, respectively, using the exchange
rates as of these dates.
(b)
Includes the effects of our derivative financial instruments.
(in millions)
Weighted-
Average
Interest Rate as of
December 31, 2014
2015
4.990
%
$
4,217
2016
4.158
%
$
3,530
2017
6.973
%
$
2,558
2018
4.124
%
$
4,117
2019
3.159
%
$
2,205
Thereafter
5.425
%
$
31,607
Year ended December 31, 2014 (in millions)
Comcast 3.600% senior notes due 2024
$
1,200
Comcast 3.375% senior notes due 2025
1,000
Comcast 4.200% senior notes due 2034
1,000
Comcast 4.750% senior notes due 2044
1,000
Total
$
4,200
Comcast 2014 Annual Report on Form 10
-
K
104
(a)
(b)