Macy's 2008 Annual Report Download - page 74

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
11. Financing
The Company’s debt is as follows:
January 31,
2009
February 2,
2008
(millions)
Short-term debt:
4.8% Senior notes due 2009 .................................. $ 600 $ –
6.3% Senior notes due 2009 .................................. 350 –
6.625% Senior notes due 2008 ................................ – 500
5.95% Senior notes due 2008 ................................. – 150
Capital lease and current portion of other long-term obligations ...... 16 16
$ 966 $ 666
Long-term debt:
5.35% Senior notes due 2012 ................................. $1,100 $1,100
5.9% Senior notes due 2016 .................................. 1,100 1,100
7.875% Senior notes due 2015*............................... 650 –
6.625% Senior notes due 2011 ................................ 500 500
5.75% Senior notes due 2014 ................................. 500 500
6.375% Senior notes due 2037 ................................ 500 500
6.9% Senior debentures due 2029 .............................. 400 400
6.7% Senior debentures due 2034 .............................. 400 400
5.875% Senior notes due 2013 ................................ 350 350
7.45% Senior debentures due 2017 ............................. 300 300
6.65% Senior debentures due 2024 ............................. 300 300
7.0% Senior debentures due 2028 .............................. 300 300
6.9% Senior debentures due 2032 .............................. 250 250
8.0% Senior debentures due 2012 .............................. 200 200
6.7% Senior debentures due 2028 .............................. 200 200
6.79% Senior debentures due 2027 ............................. 165 165
10.625% Senior debentures due 2010 ........................... 150 150
7.45% Senior debentures due 2011 ............................. 150 150
7.625% Senior debentures due 2013 ............................ 125 125
7.45% Senior debentures due 2016 ............................. 125 125
7.875% Senior debentures due 2036 ............................ 108 108
7.5% Senior debentures due 2015 .............................. 100 100
8.5% Senior notes due 2010 .................................. 76 76
8.125% Senior debentures due 2035 ............................ 76 76
8.75% Senior debentures due 2029 ............................. 61 61
9.5% amortizing debentures due 2021 .......................... 44 48
8.5% Senior debentures due 2019 .............................. 36 36
10.25% Senior debentures due 2021 ............................ 33 33
9.75% amortizing debentures due 2021 ......................... 24 26
7.6% Senior debentures due 2025 .............................. 24 24
7.875% Senior debentures due 2030 ............................ 18 18
4.8% Senior notes due 2009 .................................. – 600
6.3% Senior notes due 2009 .................................. – 350
Premium on acquired debt, using an effective
interest yield of 4.652% to 6.165% ........................... 308 342
Capital lease and other long-term obligations .................... 60 74
$8,733 $9,087
* The rate of interest payable in respect of these notes could be increased by up to 2 percent per annum in the
event of one or more downgrades of the notes by specified rating agencies.
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