Costco 2009 Annual Report Download - page 71

Download and view the complete annual report

Please find page 71 of the 2009 Costco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

Entity
Credit Facility
Description
Expiration
Date
Total of
all Credit
Facilities
Credit Line Usage at August 31, 2008
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 $ 25 $25 $ — $ — $ — N/A
U.S. .............. Uncommitted
Commercial
Letter of
Credit
N/A 160 — 45 — 115 N/A
Australia(1) ........ Guarantee
Line
N/A 9 3 — — 6 N/A
Canada(1, 3) ...... Multi-
Purpose
Line
March-09 142 20 — 85 37 3.43%
Japan(1) .......... Revolving
Credit
February-09 32 — — 4 28 1.00%
Japan(1) .......... Bank
Guaranty
February-09 9 9 — — — N/A
Japan(1) .......... Revolving
Credit
February-09 32 — — 14 18 1.04%
Korea(1) .......... Multi-
Purpose
Line
March-09 11 1 1 — 9 6.53%
Taiwan ........... Multi-
Purpose
Line
January-09 16 5 — — 11 4.50%
Taiwan ........... Multi-
Purpose
Line
July-09 16 2 — — 14 4.59%
United Kingdom .... Revolving
Credit
February-10 73 — — — 73 5.67%
United Kingdom .... Uncommitted
Money
Market
May-09 37 — — 31 6 5.36%
United Kingdom .... Overdraft
Line
May-09 64 — — — 64 6.00%
United Kingdom(2) . . Letter of
Guarantee
N/A 4 4 — — — N/A
United Kingdom .... Commercial
Letter of
Credit
N/A 3 — 1 — 2 N/A
TOTAL ................. $633 $69 $47 $134 $383
(1) This entity’s credit facility is guaranteed by the U.S. parent company, Costco Wholesale Corporation.
(2) The letter of guarantee is fully cash-collateralized by the United Kingdom subsidiary.
(3) The amount shown for short-term borrowings under this facility is net of a note issue discount, which is excluded from the
available credit amount.
Note: The Company has letter of credit facilities (for commercial and standby letters of credit) totaling
$116 and $239 as of August 30, 2009 and August 31, 2008, respectively. The outstanding
commitments under these facilities at August 30, 2009 and August 31, 2008 totaled $83 and $116,
respectively, including $62 and $69, respectively, in standby letters of credit. For those entities with
multi-purpose lines, any issuance of either letters of credit (standby and/or commercial) or short-term
borrowings will result in a corresponding decrease in available credit.
69