Xerox 2007 Annual Report Download - page 106

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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, 2007 and 2006 was as follows (in
millions):
Weighted Average
Interest Rates at
December 31, 2007 2007 2006
U.S. Operations
Xerox Corporation
Notes due 2008 ....................................................... 5.88% $ 2 $ 3
Senior Notes due 2009(1) ............................................... 10.75% 606 613
Euro Senior Notes due 2009(1) .......................................... 10.60% 328 290
Floating Senior Notes due 2009 ........................................ 5.72% 150 150
Senior Notes due 2010(1) ............................................... 7.13% 699 687
Notes due 2011 ....................................................... 7.01% 50 50
Senior Notes due 2011(1) ............................................... 6.62% 757 750
2007 Credit Facility due 2012 .......................................... 5.33% 600 –
Senior Notes due 2012 ................................................ 5.59% 1,096 –
Senior Notes due 2013(1) ............................................... 7.63% 542 541
Convertible Notes due 2014 ............................................ 9.00% 19 19
Notes due 2016(1) ..................................................... 7.20% 257 248
Senior Notes due 2016(1) ............................................... 6.48% 697 696
Senior Notes due 2017(1) ............................................... 6.83% 497 497
Zero Coupon Notes due 2022 .......................................... 5.77% 409 –
Subtotal ......................................................... $6,709 $ 4,544
Xerox Credit Corporation
Yen Notes due 2007 ................................................... – – 252
Notes due 2012 ....................................................... 7.20% 25 75
Notes due 2013 ....................................................... 6.49% 60 60
Notes due 2014 ....................................................... 6.06% 50 50
Notes due 2018 ....................................................... 7.00% 25 25
Subtotal ......................................................... $ 160 $ 462
Other U.S. Operations
Borrowings secured by finance receivables(2) ................................. 5.24% 275 782
Borrowings secured by other assets .......................................... 9.98% 8 10
Subtotal ......................................................... $ 283 $ 792
Total U.S. Operations ......................................... $7,152 $ 5,798
International Operations
Euro Bank Facility due 2008 ............................................ 5.04% 177 –
Pound Sterling secured borrowings(2) .................................... – – 609
Euro secured borrowings(2) ............................................. – – 580
Canadian dollars secured borrowings(2) .................................. – – 88
Other debt due 2008-2010 ............................................. 5.78% 36 50
Total International Operations ..................................... 213 1,327
Subtotal ......................................................... 7,365 7,125
Less current maturities ..................................................... (426) (1,465)
Total Long-term debt ........................................ $6,939 $ 5,660
(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, as well as premiums and discounts.
104