O'Reilly Auto Parts 2015 Annual Report Download - page 46

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FORM 10-K
We had outstanding fixed rate debt of $1.40 billion as of December 31, 2015 and 2014. The fair value of our fixed rate debt was estimated
at $1.47 billion and $1.53 billion as of December 31, 2015 and 2014, respectively, which was determined by reference to quoted market
prices.
We invest certain of our excess cash balances in short-term, highly-liquid instruments with maturities of 90 days or less. We do not expect
any material losses from our invested cash balances and we believe that our interest rate exposure is minimal. As of December 31, 2015,
our cash and cash equivalents totaled $116 million.