eBay 2015 Annual Report Download - page 105
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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Total depreciation expense on our property and equipment in the years ended December 31, 2015, 2014 and
2013 totaled $614 million, $559 million and $495 million, respectively.
Accrued Expenses and Other Current Liabilities
Total compensation and related benefits included in accrued expenses and other current liabilities was $448
million and $422 million for the years ended December 31, 2015 and 2014, respectively.
Total advertising accruals included in accrued expenses and other current liabilities was $135 million and
$160 million for the years ended December 31, 2015 and 2014, respectively.
Note 11 — Debt
The following table summarizes the carrying value of our outstanding debt:
Coupon Rate
Carrying Value
as of
December 31,
2015
Effective
Interest Rate
Carrying Value
as of
December 31,
2014
Effective
Interest Rate
(In millions, except percentages)
Long-Term Debt
Floating Rate Notes:
Senior notes due 2017 LIBOR plus 0.20% $ 450 0.586% $ 450 0.560%
Senior notes due 2019 LIBOR plus 0.48% 400 0.825% 400 0.811%
Fixed Rate Notes:
Senior notes due 2017 1.350% 1,000 1.456% 1,000 1.456%
Senior notes due 2019 2.200% 1,148 2.346% 1,148 2.346%
Senior notes due 2020 3.250% 499 3.389% 498 3.389%
Senior notes due 2021 2.875% 749 2.993% 749 2.993%
Senior notes due 2022 2.600% 999 2.678% 999 2.678%
Senior notes due 2024 3.450% 749 3.531% 749 3.531%
Senior notes due 2042 4.000% 744 4.114% 743 4.114%
Total senior notes 6,738 6,736
Hedge accounting fair value
adjustments 41 22
Other indebtedness — 19
Total long-term debt $6,779 $6,777
Short-Term Debt
Senior notes due 2015 0.700% — — % 250 0.820%
Senior notes due 2015 1.625% — — % 600 1.805%
Total short-term debt — 850
Total Debt $6,779 $7,627
F-31