Intel 1996 Annual Report Download - page 50

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warrants outstanding at December 28, 1996 expire on various dates between February 1997 and April 1997 and have exercise prices ranging
from $56 to $69 per share, with an average exercise price of $61 per share. There is no significant dilutive effect on earnings per share for the
periods presented.
Borrowings
Short-term debt. Short-term debt and weighted average interest rates at fiscal year-ends were as follows:
1996 1995
--------------------- ---------------------
Weighted Weighted
average average
(In millions) Balance interest rate Balance interest rate
- - ------------------------------------------------------------------------
Borrowed under
lines of credit $ 30 N/A $ 57 3.2%
Reverse repurchase
agreements payable
in non-U.S. currencies 263 6.4% 124 9.2%
Notes payable 3 0.7% 2 4.7%
Drafts payable 93 N/A 163 N/A
------- -------
Total $ 389 $ 346
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