Pfizer 2010 Annual Report Download - page 79

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Notes to Consolidated Financial Statements
Pfizer Inc. and Subsidiary Companies
B. Investments in Debt and Equity Securities
The contractual maturities of the available-for-sale and held-to-maturity debt securities as of December 31, 2010, follow:
(MILLIONS OF DOLLARS)
YEARS
WITHIN 1
OVER 1
TO 5
TOTAL AS OF
DECEMBER 31,
2010
Available-for-sale debt securities:
Western European and other government debt $17,702 $1,754 $19,456
Corporate debt(a) 1,551 2,180 3,731
Supranational debt 2,930 350 3,280
Western European and other government agency debt 2,299 88 2,387
Federal Home Loan Mortgage Corporation and Federal National Mortgage
Association asset-backed securities — 2,345 2,345
Reverse repurchase agreements(b) 900 — 900
U.S. government Federal Deposit Insurance
Corporation guaranteed debt — 536 536
Other asset-backed securities 10 31 41
Certificates of deposit 23 — 23
Held-to-maturity debt securities:
Certificates of deposit and other 1,172 6 1,178
Total debt securities $26,587 $7,290 $33,877
Trading securities 173
Available-for-sale money market funds(c) 1,217
Available-for-sale equity securities, excluding money market funds 230
Total $35,497
(a) Largely issued by above-investment-grade institutions in the financial services sector.
(b) Very short-term agreements involving U.S. government securities.
(c) Consisting of securities issued by the U.S. government and its agencies or instrumentalities and reverse repurchase agreements involving the same
investments held.
C. Short-Term Borrowings
Short-term borrowings include amounts for commercial paper of $1.2 billion as of December 31, 2010, and $3.9 billion as of
December 31, 2009. The weighted-average effective interest rate on short-term borrowings outstanding was 2.8% as of
December 31, 2010, and 0.7% as of December 31, 2009.
As of December 31, 2010, we had access to $9.0 billion of lines of credit, of which $1.9 billion expire within one year. Of these lines
of credit, $8.4 billion are unused, of which our lenders have committed to loan us $7.0 billion at our request. Also, $7.0 billion of our
unused lines of credit, all of which expire in 2013, may be used to support our commercial paper borrowings.
2010 Financial Report 77