Oracle 2014 Annual Report Download - page 116

Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2015
Notes payable consisted of the following:
Senior Notes and Other
In May 2015, we issued $10.0 billion of senior notes comprised of $2.5 billion of 2.50% notes due May 2022 (2022 Notes), $2.5 billion of
2.95% notes due May 2025 (2025 Notes), $500 million 3.25% notes due May 2030 (2030 Notes), $1.25 billion of 3.90% notes due May 2035
(2035 Notes), $2.0 billion of 4.125% notes due May 2045 (2045 Notes) and $1.25 billion of 4.375% notes due May 2055 (2055 Notes, and
together with the 2022 Notes, 2025 Notes, 2030 Notes, 2035 Notes
112
8.
NOTES PAYABLE AND OTHER BORROWINGS
May 31,
(Dollars in millions)
2015
2014
3.75% senior notes due July 2014, net of fair value adjustment of $8 as of May 31, 2014
$
—
$
1,508
5.25% senior notes due January 2016, net of discount of $1 and $2 as of May 31, 2015 and 2014, respectively
1,999
1,998
Floating rate senior notes due July 2017, net of debt issuance cost of $1 as of May 31, 2015
999
—
1.20% senior notes due October 2017, net of discount and debt issuance costs of $6 and $9 as of May 31, 2015 and 2014, respectively
2,494
2,491
5.75% senior notes due April 2018, net of debt issuance costs of $7 and $8 as of May 31, 2015 and 2014, respectively
2,493
2,492
Floating rate senior notes due January 2019, net of debt issuance costs of $1 each as of May 31, 2015 and 2014
499
499
2.375% senior notes due January 2019, net of fair value losses of $21 and $15 and discount and debt issuance costs of $7 and $9 as of May 31, 2015 and
May 31, 2014, respectively
1,514
1,506
5.00% senior notes due July 2019, net of discount and debt issuance costs of $11 and $12 as of May 31, 2015 and 2014, respectively
1,739
1,738
Floating rate senior notes due October 2019, net of debt issuance cost of $2 as of May 31, 2015
748
—
2.25% senior notes due October 2019, net of fair value loss of $22 and discount and debt issuance cost of $7 as of May 31, 2015
2,015
—
3.875% senior notes due July 2020, net of discount and debt issuance costs of $4 and $5 as of May 31, 2015 and 2014, respectively
996
995
2.25% senior notes due January 2021, net of discount and debt issuance costs of $11 and $14 as of May 31, 2015 and 2014, respectively
1,341
1,685
2.80% senior notes due July 2021, net of fair value loss of $31 and discount and debt issuance cost of $6 as of May 31, 2015
1,525
—
2.50% senior notes due May 2022, net of discount and debt issuance cost of $17 as of May 31, 2015
2,483
—
2.50% senior notes due October 2022, net of discount and debt issuance costs of $10 and $11 as of May 31, 2015 and 2014, respectively
2,490
2,489
3.625% senior notes due July 2023, net of discount and debt issuance costs of $11 and $12 as of May 31, 2015 and 2014, respectively
989
988
3.40% senior notes due July 2024, net of discount and debt issuance cost of $12 as of May 31, 2015
1,988
—
2.95% senior notes due May 2025, net of discount and debt issuance cost of $22 as of May 31, 2015
2,478
—
3.125% senior notes due July 2025, net of discount and debt issuance costs of $6 and $9 as of May 31, 2015 and 2014, respectively
804
1,013
3.25% senior notes due May 2030, net of discount and debt issuance cost of $6 as of May 31, 2015
494
—
4.30% senior notes due July 2034, net of discount and debt issuance cost of $13 as of May 31, 2015
1,737
—
3.90% senior notes due May 2035, net of discount and debt issuance cost of $18 as of May 31, 2015
1,232
—
6.50% senior notes due April 2038, net of discount and debt issuance costs of $5 and $6 as of May 31, 2015 and 2014, respectively
1,245
1,244
6.125% senior notes due July 2039, net of discount and debt issuance costs of $12 and $14 as of May 31, 2015 and 2014, respectively
1,238
1,236
5.375% senior notes due July 2040, net of discount and debt issuance costs of $34 and $35 as of May 31, 2015 and 2014, respectively
2,216
2,215
4.50% senior notes due July 2044, net of debt issuance cost of $8 as of May 31, 2015
992
—
4.125% senior notes due May 2045, net of discount and debt issuance cost of $24 as of May 31, 2015
1,976
—
4.375% senior notes due May 2055, net of discount and debt issuance cost of $16 as of May 31, 2015
1,234
—
Total borrowings
$
41,958
$
24,097
Notes payable, current
$
1,999
$
1,508
Notes payable, non
-
current
$
39,959
$
22,589
Refer to Note 11 for a description of our accounting for fair value hedges.
Euro based notes valued at May 31, 2015 and May 31, 2014 foreign exchange rates, respectively (see further discussion below).
(1)
(1)
(1)
(2)
(1)
(2)
(1)
(2)