Walmart 2003 Annual Report Download - page 28

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Interest Rate Sensitivity as of January 31, 2003
Principal (Notional) Amount by Expected Maturity
Average Interest (Swap) Rate Fair value
(Dollar amounts in millions) 2004 2005 2006 2007 2008 Thereafter Total 1/31/03
Interest Rate Derivative Financial
Instruments Related to Debt
Interest rate swaps –
Pay variable/receive fixed – $ 1,250 – – – $ 3,250 $ 4,500 $ 426
Weighted average rate paid –
Rate D plus 1.70%
Weighted average fixed rate
received – USD rate – 6.6% - – – 6.9% 6.8%
Interest rate swap –
Pay variable/receive fixed – 500 $ 1,097 $ 1,750 – 445 3,792 377
Weighted average rate paid –
Rate B plus .84%
Weighted average fixed rate
received – USD rate – 7.5% 5.1% 5.8% – 7.3% 6.0%
Interest rate basis swap – – – – – 500 500 2
Weighted average rate paid – Rate C
Weighted average rate received –
Rate A minus 0.06%
Rate A – one-month U.S. LIBOR
Rate B – three-month U.S. LIBOR
Rate C – U.S. commercial paper
Rate D – six-month U.S. LIBOR
Interest Rate Sensitivity as of January 31, 2002
Principal (Notional) Amount by Expected Maturity
Average Interest (Swap) Rate Fair value
(Dollar amounts in millions) 2003 2004 2005 2006 2007 Thereafter Total 1/31/02
Liabilities
U.S. dollar denominated long-term
debt including current portion
Fixed rate debt $ 2,164 $ 3,445 $ 1,874 $ 704 $ 2,235 $ 5,850 $ 16,272 $ 17,201
Average interest rate – USD rate 6.3% 6.0% 6.7% 6.7% 6.7% 7.2% 6.7%
Great Britain pound denominated
long-term debt including
current portion
Fixed rate debt 93 129 – – – 1,450 1,672 1,718
Average interest rate 9.6% 3.8% 7.3% 6.9%
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