Xerox 2006 Annual Report Download - page 79

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per-share data and unless otherwise indicated)
Long-term debt, including debt secured by finance receivables at December 31, 2006 and 2005 was as follows (in
millions):
Weighted Average
Interest Rates at
December 31, 2006 2006 2005
U.S. Operations
Xerox Corporation
Notes due 2008 ................................................ 5.89% $ 3 $ 27
Senior Notes due 2009(1) ........................................ 10.75 613 620
Euro Senior Notes due 2009(1) .................................... 10.60 290 260
Senior Notes due 2010(1) ........................................ 7.62 687 688
Notes due 2011 ................................................ 7.01 50 50
Senior Notes due 2011(1) ........................................ 7.13 750 752
Senior Notes due 2013(1) ........................................ 7.63 541 542
Convertible Notes due 2014 ...................................... 9.00 19 19
Notes due 2016(1) .............................................. 7.62 248 251
2003 Credit Facility due 2008 .................................... — — 300
Floating Senior Notes due 2009 ................................... 6.16 150 —
Senior Notes due 2016(1) ........................................ 6.48 696 —
Senior Notes due 2017(1) ........................................ 6.83 497 —
Subtotal .................................................. $4,544 $ 3,509
Xerox Credit Corporation
Yen notes due 2007 ............................................ 5.44 252 255
Notes due 2012 ................................................ 7.07 75 75
Notes due 2013 ................................................ 6.49 60 60
Notes due 2014 ................................................ 6.06 50 50
Notes due 2018 ................................................ 7.00 25 25
Subtotal .................................................. $ 462 $ 465
Other U.S. Operations
Borrowings secured by finance receivables(2) ............................ 4.95 782 1,701
Borrowings secured by other assets .................................... 9.61 10 220
Subtotal .................................................. $ 792 $1,921
Total U.S. Operations ................................... $5,798 $ 5,895
International Operations
Pound Sterling secured borrowings due 2008(2) ....................... 6.04 609 581
Euro secured borrowings due 2006-2015(2) .......................... 4.62 580 526
Canadian dollars secured borrowings due 2006-2008(2) ................ 5.49 88 174
Other debt due 2006-2010 ....................................... 6.32 50 62
Total International Operations ................................ 1,327 1,343
Subtotal .................................................. 7,125 7,238
Less current maturities .............................................. (1,465) (1,099)
Total Long-term debt .................................. $ 5,660 $ 6,139
(1) The principal amounts of these debt instruments have been adjusted for the effects of fair value hedge accounting,
as described in Note 13 – Financial Instruments, premiums and discounts.
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