Costco 2009 Annual Report Download - page 70

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Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
As discussed in Note 2, the Company previously held enhanced money fund investments within the
BlackRock and Merrill Lynch portfolios, which were classified as held-to-maturity. During 2009, these
portfolios fully liquidated. The Company did not record any other-than-temporary impairment losses on
these investments throughout the timeframe they were held.
Note 4—Debt
Bank Credit Facilities and Commercial Paper Programs (all amounts stated in U.S. dollars)
Entity
Credit Facility
Description
Expiration
Date
Total of
all Credit
Facilities
Credit Line Usage at August 30, 2009
Available
Credit
Applicable
Interest
Rate
Stand-by
LC &
Letter of
Guaranty
Commercial
Letter of
Credit
Short-
Term
Borrowing
U.S. .............. Uncommitted
Stand By
Letter of
Credit
N/A $ 22 $22 $ — $ — $ — N/A
U.S. .............. Uncommitted
Commercial
Letter of
Credit
N/A 50 — 20 — 30 N/A
Australia(1) ........ Guarantee
Line
N/A 8 — — — 8 N/A
Canada(1) ........ Multi-Purpose
Line
March-10 28 18 — — 10 1.76%
Japan(1) .......... Revolving
Credit
February-10 37 — — 8 29 0.64%
Japan(1) .......... Bank
Guaranty
March-10 11 11 — — — N/A
Japan(1) .......... Revolving
Credit
February-10 37 — — 8 29 0.70%
Japan(2) .......... Commercial
Letter of
Credit
N/A 1 — — — 1 N/A
Korea(1) .......... Multi-Purpose
Line
March-10 10 1 — — 9 3.75%
Taiwan ........... Multi-Purpose
Line
January-10 15 4 — — 11 2.50%
Taiwan ........... Multi-Purpose
Line
July-10 15 3 — — 12 2.59%
United Kingdom .... Revolving
Credit
February-10 66 — — — 66 0.82%
United Kingdom .... Uncommitted
Money
Market Line
N/A 33 — — — 33 3.05%
United Kingdom .... Uncommitted
Overdraft
Line
N/A 49 — — — 49 1.50%
United Kingdom(2) . .
Letter of
Guarantee
N/A 3 3 — — — N/A
United Kingdom .... Commercial
Letter of
Credit
N/A 3 — 1 — 2 N/A
TOTAL ................. $388 $62 $21 $16 $289
(1) The U.S. parent company, Costco Wholesale Corporation, guarantees this entity’s credit facility.
(2) The letter of guarantee is fully cash-collateralized by the subsidiary.
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