Costco 2010 Annual Report Download - page 37

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Credit Line Usage at
August 30, 2009
Entity
Credit Facility
Description
Expiration
Date
Total of
all Credit
Facilities
Stand-by
LC &
Letter of
Guaranty
Commercial
LC
Short-
Term
Borrowing
Available
Credit
Applicable
Interest
Rate
U.S. ............ Uncommitted
Stand By
LC
N/A $ 22 $22 $— $— $ — N/A
U.S. ............ Uncommitted
Commercial LC
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 LC 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 LC
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) Obligations under this facility are fully cash-collateralized by the subsidiary.
For those entities with multi-purpose lines, any issuance of either letters of credit or short-term
borrowings will result in a corresponding decrease in available credit. Our letter of credit facilities
consisted of the following at August 29, 2010 and August 30, 2009:
2010 2009
Total credit facilities for commercial and standby letters of credit ....... $123 $116
Outstanding commitments under these facilities(1) .................. 79 83
(1) Includes $70 and $62 of standby letters of credit at the end of 2010 and 2009, respectively.
Financing Activities
In April 2010, our Japanese subsidiary paid the outstanding principal and interest balances totaling $44
related to the 0.92% promissory notes due April 2010, originally issued in April 2003. In November
2009, our Japanese subsidiary paid the outstanding principal and interest balances totaling $33 related
to the 0.88% promissory notes due November 2009, originally issued in November 2002.
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