Microsoft 2011 Annual Report Download - page 62
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62
NOTE 12 — DEBT
Short-term Debt
During fiscal year 2011, we repaid $1.0 billion of commercial paper, leaving zero outstanding.
On November 5, 2010, our $1.0 billion 364-day credit facility expired. This facility served as a back-up for our
commercial paper program. No amounts were drawn against the credit facility during any of the periods
presented.
Long-term Debt
As of June 30, 2011, the total carrying value and estimated fair value of our long-term debt, including convertible
debt, were $11.9 billion and $12.1 billion, respectively. This is compared to a carrying value and estimated fair
value of $4.9 billion and $5.2 billion, respectively, as of June 30, 2010. The estimated fair value is based on
quoted prices for our publicly-traded debt as of June 30, 2011 and 2010, as applicable.
Maturities of long-term debt for each of the next five years and thereafter are as follows:
(In millions)
Y
ear Ending June 30,
2012 $ 0
2013 1,250
2014 3,000
2015 0
2016 2,500
Thereafter 5,250
Total $ 12,000
Cash paid for interest on our debt for fiscal years 2011 and 2010 was $197 million and $145 million, respectively.
No cash was paid for debt interest for fiscal year 2009.