Tyson Foods 2015 Annual Report Download - page 61
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Please find page 61 of the 2015 Tyson Foods 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.ThefollowingtablereflectsintangibleassetsbytypeatOctober3,2015,andSeptember27,2014:
inmillions
2015
2014
Amortizableintangibleassets:
Brandsandtrademarks $ 594
$ 611
Customerrelationships 564
570
Patents,intellectualpropertyandother 115
136
Non-competeagreements —
6
Landuserights 9
8
Totalgrossamortizableintangibleassets $ 1,282
$ 1,331
Lessaccumulatedamortization 192
133
Totalnetamortizableintangibleassets $ 1,090
$ 1,198
Brandsandtrademarksnotsubjecttoamortization 4,078
4,078
Totalintangibleassets $ 5,168
$ 5,276
Amortizationexpenseof$92million,$26millionand$17millionwasrecognizedduringfiscal2015,2014and2013,respectively.Weestimateamortization
expenseonintangibleassetsforthenextfivefiscalyearssubsequenttoOctober3,2015,willbe:2016-$80million;2017-$78million;2018-$76million;
2019-$72million;2020-$69million.
NOTE 7: DEBT
ThefollowingtablereflectsmajorcomponentsofdebtasofOctober3,2015,andSeptember27,2014:
inmillions
2015
2014
Revolvingcreditfacility $ —
$ —
Seniornotes:
2.75%SeniornotesdueSeptember2015(2015Notes) —
407
6.60%SeniornotesdueApril2016 638
638
7.00%NotesdueMay2018 120
120
2.65%NotesdueAugust2019 1,000
1,000
4.10%NotesdueSeptember2020 285
287
4.50%SeniornotesdueJune2022 1,000
1,000
3.95%NotesdueAugust2024 1,250
1,250
7.00%NotesdueJanuary2028 18
18
6.13%NotesdueNovember2032 163
164
4.88%NotesdueAugust2034 500
500
5.15%NotesdueAugust2044 500
500
Discountonseniornotes (10)
(12)
Termloans:
3-yeartrancheA —
1,172
3-yeartrancheB(1.31%at10/3/2015) 500
—
5-yeartrancheA —
353
5-yeartrancheB(1.69%at10/3/2015) 552
552
AmortizingNotes-TangibleEquityUnits(seeNote8:Equity) 140
205
Other 69
24
Totaldebt 6,725
8,178
Lesscurrentdebt 715
643
Totallong-termdebt $ 6,010
$ 7,535
AnnualmaturitiesofdebtforthefivefiscalyearssubsequenttoOctober3,2015,are:2016-$715million;2017-$79million;2018-$627million;2019-
$1,559million;2020-$285million.
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