Kodak 2006 Annual Report Download - page 91

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NOTE 9: SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-Term Borrowings
The Company’s short-term borrowings at December 31, 2006 and 2005 were as follows:
(in millions) 2006 2005
Current portion of long-term debt $ 17 $ 706
Short-term bank borrowings 47 113
Total $ 64 $ 819
The weighted-average interest rates for short-term bank borrowings outstanding at December 31, 2006 and 2005 were 9.84% and 5.82%, respec-
tively.
As of December 31, 2006, the Company and its subsidiaries, on a consolidated basis, maintained $1,110 million in committed bank lines of credit and
$616 million in uncommitted bank lines of credit to ensure continued access to short-term borrowing capacity.
Long-Term Debt, Including Lines of Credit
Long-term debt and related maturities and interest rates were as follows at December 31, 2006 and 2005 (in millions):
2006 2005
Weighted-Average Weighted-Average
Country Type Maturity Interest Rate Amount Outstanding Interest Rate Amount Outstanding
U.S. Medium-term 2006 — $ — 6.38% $ 500
U.S. Medium-term 2008 3.63% 250 3.63% 250
U.S. Term note 2007 7.60%* 10 — —
U.S. Term note 2012 7.60%* 861 6.63%* 920
Canada Term note 2012 7.60%* 277 6.52%* 280
U.S. Term notes 2006-2013 6.16% 47 6.16% 83
Germany Term notes 2006-2013 6.16% 188 6.16% 331
U.S. Term note 2013 7.25% 500 7.25% 500
U.S. Term note 2018 9.95% 3 9.95% 3
U.S. Term note 2021 9.20% 10 9.20% 10
U.S. Convertible 2033 3.38% 575 3.38% 575
U.S. Notes 2006-2010 5.90% * 8 5.80%* 16
Other 2 2
2,731 3,470
Current portion of long-term debt (17) (706)
Long-term debt, net of current portion $2,714 $2,764
* Represents debt with a variable interest rate.
Annual maturities (in millions) of long-term debt outstanding at December 31, 2006 are as follows: $17 in 2007, $273 in 2008, $34 in 2009, $36 in
2010, $39 in 2011 and $2,332 in 2012 and beyond.