Alcoa 2011 Annual Report Download - page 116

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J. Other Noncurrent Assets
December 31, 2011 2010
Intangibles, net (E) $ 494 $ 524
Value-added tax receivable 510 495
Cash surrender value of life insurance 455 464
Prepaid gas transmission contract 346 332
Deferred mining costs, net 221 173
Unamortized debt expense 98 95
Fair value of derivative contracts (X) 44 92
Prepaid pension benefit (W) 109 84
Other 291 286
$2,568 $2,545
K. Debt
Long-Term Debt.
December 31, 2011 2010
6% Notes, due 2012 $ 322 $ 322
5.375% Notes, due 2013 - 553
6% Notes, due 2013 422 750
5.25% Convertible Notes, due 2014 575 575
5.55% Notes, due 2017 750 750
6.5% Bonds, due 2018 250 250
6.75% Notes, due 2018 750 750
5.72% Notes, due 2019 750 750
6.15% Notes, due 2020 1,000 1,000
5.40% Notes, due 2021 1,250 -
5.87% Notes, due 2022 627 627
5.9% Notes, due 2027 625 625
6.75% Bonds, due 2028 300 300
5.95% Notes due 2037 625 625
BNDES Loans, due 2012-2029 (see below for weighted average rates) 627 899
Other* 212 297
9,085 9,073
Less: amount due within one year 445 231
$8,640 $8,842
* Other includes various financing arrangements related to subsidiaries, unamortized debt discounts related to the
outstanding notes and bonds listed in the table above, a beneficial conversion feature related to the convertible notes
(see below), and adjustments to the carrying value of long-term debt related to interest swap contracts accounted for
as fair value hedges (see the Derivatives section of Note X).
The principal amount of long-term debt maturing in each of the next five years is $445 in 2012, $549 in 2013, $743 in
2014, $45 in 2015, and $26 in 2016.
Public Debt—In February 2011, Alcoa filed an automatic shelf registration statement with the Securities and
Exchange Commission for an indeterminate amount of securities for future issuance. This shelf registration statement
replaced Alcoa’s existing shelf registration statement (filed in March 2008). As of December 31, 2011 and 2010,
$1,250 and $3,075 in senior debt securities were issued under the respective shelf registration statements.
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