Microsoft 2015 Annual Report Download - page 67

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66
The components of our long-term debt, including the current portion, and the associated interest rates were as
follows as of June 30, 2015 and 2014:
Due Date
Face
V
alue
June 30,
2015
Face
V
alue
June 30,
2014
Stated
Interest
Rate
Effective
Interest
Rate
(In millions)
Notes
September 25, 2015 $1,750 $ 1,750 1.625% 1.795%
February 8, 2016 750 750 2.500% 2.642%
November 15, 2017 600 600 0.875% 1.084%
May 1, 2018 450 450 1.000% 1.106%
December 6, 2018 1,250 1,250 1.625% 1.824%
June 1, 2019 1,000 1,000 4.200% 4.379%
February 12, 2020 (a) 1,500 0 1.850% 1.935%
October 1, 2020 1,000 1,000 3.000% 3.137%
February 8, 2021 500 500 4.000% 4.082%
December 6, 2021 (b) 1,950 2,396 2.125% 2.233%
February 12, 2022 (a) 1,500 0 2.375% 2.466%
November 15, 2022 750 750 2.125% 2.239%
May 1, 2023 1,000 1,000 2.375% 2.465%
December 15, 2023 1,500 1,500 3.625% 3.726%
February 12, 2025 (a) 2,250 0 2.700% 2.772%
December 6, 2028 (b) 1,950 2,396 3.125% 3.218%
May 2, 2033 (b) 613 753 2.625% 2.690%
February 12, 2035 (a) 1,500 0 3.500% 3.604%
June 1, 2039 750 750 5.200% 5.240%
October 1, 2040 1,000 1,000 4.500% 4.567%
February 8, 2041 1,000 1,000 5.300% 5.361%
November 15, 2042 900 900 3.500% 3.571%
May 1, 2043 500 500 3.750% 3.829%
December 15, 2043 500 500 4.875% 4.918%
February 12, 2045 (a) 1,750 0 3.750% 3.800%
February 12, 2055 (a) 2,250 0 4.000% 4.063%
Total $ 30,463 $ 20,745
(a) In February 2015, we issued $10.8 billion of debt securities.
(b) Euro-denominated debt securities.
The notes in the table above are senior unsecured obligations and rank equally with our other senior unsecured debt
outstanding. Interest on these notes is paid semi-annually, except for the euro-denominated debt securities on which
interest is paid annually. Cash paid for interest on our debt for fiscal years 2015, 2014, and 2013 was $620 million,
$509 million, and $371 million, respectively. As of June 30, 2015 and 2014, the aggregate unamortized discount for
our long-term debt, including the current portion, was $156 million and $100 million, respectively.
Debt Service
Maturities of our long-term debt for each of the next five years and thereafter are as follows:
(In millions)
Y
ear Ending June 30,
2016 $2,500
2017 0
2018 1,050
2019 2.250
2020 1,500
Thereafter 23,163
Total $ 30,463