Tyson Foods 2013 Annual Report Download - page 49

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49
The following table reflects other intangible assets by type at September 28, 2013, and September 29, 2012:
in millions
2013 2012
Gross carrying value:
Trademarks $ 85 $ 56
Patents, intellectual property and other 152 142
Land use rights 8 21
Less accumulated amortization 107 90
Total intangible assets $ 138 $ 129
Beginning with the date benefits are realized, other intangible assets are generally amortized using the straight-line method over their
estimated period of benefit of three to 30 years. Amortization expense of $17 million, $16 million and $18 million was recognized
during fiscal 2013, 2012 and 2011, respectively. We estimate amortization expense on intangible assets for the next five fiscal years
subsequent to September 28, 2013, will be: 2014 - $18 million; 2015 - $18 million; 2016 - $17 million; 2017 - $14 million; 2018 - $13
million.
NOTE 7: OTHER CURRENT LIABILITIES
Other current liabilities at September 28, 2013, and September 29, 2012, include:
in millions
2013 2012
Accrued salaries, wages and benefits $ 419 $ 382
Self-insurance reserves 267 274
Other 452 287
Total other current liabilities $ 1,138 $ 943
NOTE 8: DEBT
The following table reflects major components of debt as of September 28, 2013, and September 29, 2012:
in millions
2013 2012
Revolving credit facility $ — $ —
Senior notes:
3.25% Convertible senior notes due October 2013 (2013 Notes) 458 458
6.60% Senior notes due April 2016 (2016 Notes) 638 638
7.00% Notes due May 2018 120 120
4.50% Senior notes due June 2022 (2022 Notes) 1,000 1,000
7.00% Notes due January 2028 18 18
Discount on senior notes (6) (28)
GO Zone tax-exempt bonds due October 2033 (0.07% at 9/28/2013) 100 100
Other 80 126
Total debt 2,408 2,432
Less current debt 513 515
Total long-term debt $ 1,895 $ 1,917
Annual maturities of debt for the five fiscal years subsequent to September 28, 2013, are: 2014 - $514 million; 2015 - $12 million;
2016 - $645 million; 2017 - $4 million; 2018 - $120 million.