Proctor and Gamble 2012 Annual Report Download - page 60
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Please find page 60 of the 2012 Proctor and Gamble annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.58 The Procter & Gamble Company
Amounts in millions of dollars except per share amounts or as otherwise specified.
Charges for accelerated depreciation relate to long-lived
assets that will be taken out of service prior to the end of
their normal service period. These shortened-lived assets
relate primarily to manufacturing consolidations and
technology standardization. The asset-related charges will
not have a significant impact on future depreciation charges.
The majority of asset-related charges for the year ended June
30, 2012 are related to the decision to relocate operations
from the Company's offices in Kobe, Japan.
Other Costs
Other restructuring-type charges are incurred as a direct
result of the productivity and cost savings plan. Such
charges primarily include employee relocation related to
separations and office consolidations, termination of
contracts related to supply chain redesign and the cost to
change internal systems and processes to support the
underlying organizational changes.
Consistent with our historical policies for ongoing
restructuring-type activities, the restructuring program
charges will be funded by and included within Corporate for
both management and segment reporting. Accordingly,
100% of the charges under the program are included within
the Corporate reportable segment. However, for informative
purposes, the following table summarizes the total
restructuring costs related to our reportable segments.
Year Ended
June 30, 2012
Beauty $ 120
Grooming 20
Health Care 25
Fabric Care and Home Care 184
Baby Care and Family Care 63
Corporate (1) 640
Total Company 1,052
(1) Corporate includes costs related to allocated overheads,
including charges related to our MDO, GBS and Corporate
Functions activities.
NOTE 4
SHORT-TERM AND LONG-TERM DEBT
June 30 2012 2011
DEBT DUE WITHIN ONE YEAR
Current portion of long-term debt $ 4,083 $ 2,994
Commercial paper 4,574 6,950
Other 41 37
TOTAL 8,698 9,981
Short-term weighted average interest
rates(1) 0.6% 0.9%
(1) Weighted average short-term interest rates include the effects of
interest rate swaps discussed in Note 5.
June 30 2012 2011
LONG-TERM DEBT
1.38% USD note due August 2012 $ 1,250 $ 1,250
Floating rate note due November
2012 500 500
3.38% EUR note due December 2012 1,761 2,031
Floating rate note due February 2014 1,000 —
4.50% EUR note due May 2014 1,887 2,176
4.95% USD note due August 2014 900 900
0.70% USD note due August 2014 1,000 —
3.50% USD note due February 2015 750 750
0.95% JPY note due May 2015 1,261 1,243
3.15% USD note due September
2015 500 500
1.80% USD note due November
2015 1,000 1,000
4.85% USD note due December 2015 700 700
1.45% USD note due August 2016 1,000 —
5.13% EUR note due October 2017 1,383 1,596
4.70% USD note due February 2019 1,250 1,250
4.13% EUR note due December 2020 755 871
9.36% ESOP debentures due
2012-2021(1) 757 808
2.30% USD note due February 2022 1,000 —
4.88% EUR note due May 2027 1,258 1,451
6.25% GBP note due January 2030 780 805
5.50% USD note due February 2034 500 500
5.80% USD note due August 2034 600 600
5.55% USD note due March 2037 1,400 1,400
Capital lease obligations 45 407
All other long-term debt 1,926 4,289
Current portion of long-term debt (4,083) (2,994)
TOTAL 21,080 22,033
Long-term weighted average interest
rates(2) 3.3% 3.4%
(1) Debt issued by the ESOP is guaranteed by the Company and
must be recorded as debt of the Company as discussed in Note 8.
(2) Weighted average long-term interest rates include the effects of
interest rate swaps discussed in Note 5.
Long-term debt maturities during the next five fiscal years are
as follows:
June 30 2013 2014 2015 2016 2017
Debt
maturities $ 4,083 $ 3,013 $ 4,082 $ 2,404 $ 1,093
The Procter & Gamble Company fully and unconditionally
guarantees the registered debt and securities issued by its
100% owned finance subsidiaries.