HP 2013 Annual Report Download - page 135

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 12: Borrowings (Continued)
Long-Term Debt
Long-term debt was as follows for the following fiscal years ended October 31:
2013 2012
In millions
U.S. Dollar Global Notes
2006 Shelf Registration Statement:
$500 issued at discount to par at a price of 99.694% in February 2007 at 5.4%, due March 2017 ..... $ 499 $ 499
$1,500 issued at discount to par at a price of 99.921% in March 2008 at 4.5%, paid March 2013 ..... — 1,500
$750 issued at discount to par at a price of 99.932% in March 2008 at 5.5%, due March 2018 ...... 750 750
$2,000 issued at discount to par at a price of 99.561% in December 2008 at 6.125%, due March 2014 . 1,999 1,998
$1,500 issued at discount to par at a price of 99.993% in February 2009 at 4.75%, due June 2014 .... 1,500 1,500
2009 Shelf Registration Statement:
$1,100 issued at discount to par at a price of 99.921% in September 2010 at 1.25%, paid September
2013 .............................................................. — 1,100
$1,100 issued at discount to par at a price of 99.887% in September 2010 at 2.125%, due September
2015 .............................................................. 1,100 1,100
$650 issued at discount to par at a price of 99.911% in December 2010 at 2.2%, due December 2015 . . 650 650
$1,350 issued at discount to par at a price of 99.827% in December 2010 at 3.75%, due December
2020 .............................................................. 1,349 1,348
$1,750 issued at par in May 2011 at three month USD LIBOR plus 0.28%, paid May 2013 ........ — 1,750
$500 issued at par in May 2011 at three month USD LIBOR plus 0.4%, due May 2014 ........... 500 500
$500 issued at discount to par at a price of 99.971% in May 2011 at 1.55%, due May 2014 ........ 500 500
$1,000 issued at discount to par at a price of 99.958% in May 2011 at 2.65%, due June 2016 ....... 1,000 1,000
$1,250 issued at discount to par at a price of 99.799% in May 2011 at 4.3%, due June 2021........ 1,248 1,248
$750 issued at discount to par at a price of 99.977% in September 2011 at 2.35%, due March 2015 . . . 750 750
$1,300 issued at discount to par at a price of 99.784% in September 2011 at 3.0%, due September 2016 1,298 1,298
$1,000 issued at discount to par at a price of 99.816% in September 2011 at 4.375%, due September
2021 .............................................................. 999 998
$1,200 issued at discount to par at a price of 99.863% in September 2011 at 6.0%, due September 2041 1,198 1,198
$350 issued at par in September 2011 at three-month USD LIBOR plus 1.55%, due September 2014 . . 350 350
$650 issued at discount to par at a price of 99.946% in December 2011 at 2.625%, due December 2014 650 650
$850 issued at discount to par at a price of 99.790% in December 2011 at 3.3%, due December 2016 . . 849 849
$1,500 issued at discount to par at a price of 99.707% in December 2011 at 4.65%, due December
2021 .............................................................. 1,496 1,496
$1,500 issued at discount to par at a price of 99.985% in March 2012 at 2.6%, due September 2017 . . . 1,500 1,500
$500 issued at discount to par at a price of 99.771% in March 2012 at 4.05%, due September 2022 . . . 499 499
20,684 25,031
EDS Senior Notes
$1,100 issued June 2003 at 6.0%, paid August 2013 ................................... — 1,109
$300 issued October 1999 at 7.45%, due October 2029 ................................. 314 314
314 1,423
Other, including capital lease obligations, at 0.00%-8.39%, due in calendar years 2014-2024(1) .......... 689 680
Fair value adjustment related to hedged debt ........................................ 147 399
Less: current portion ........................................................ (5,226) (5,744)
Total long-term debt ........................................................ $16,608 $21,789
(1) Other, including capital lease obligations includes $244 million and $225 million at October 31, 2013 and October 31, 2012,
respectively, of borrowing and funding related activity associated with HPFS and its subsidiaries.
As disclosed in Note 9, HP uses interest rate swaps to mitigate interest rate risk in connection with
certain fixed-rate global notes in order to achieve primarily U.S. dollar LIBOR-based floating interest
expense. The interest rates in the table above have not been adjusted to reflect the impact of any
interest rate swaps.
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