DuPont 2009 Annual Report Download - page 82

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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
16. SHORT-TERM BORROWINGS AND CAPITAL LEASE OBLIGATIONS
December 31, 2009 2008
Commercial paper $ 444 $ 275
Other loans-various currencies 80 171
Long-term debt payable within one year 981 1,563
Capital lease obligations 13
$1,506 $2,012
The estimated fair value of the company’s short-term borrowings, including interest rate financial instruments, based on
quoted market prices for the same or similar issues, or on current rates offered to the company for debt of the same
remaining maturities, was $1,500 and $2,000 at December 31, 2009 and 2008, respectively.
Unused bank credit lines were approximately $2,600 and $2,700 at December 31, 2009 and 2008, respectively. These
lines are available to support short-term liquidity needs and general corporate purposes including letters of credit.
Outstanding letters of credit were approximately $350 and $325 at December 31, 2009 and 2008, respectively. These
letters of credit support commitments made in the ordinary course of business.
The weighted-average interest rate on short-term borrowings outstanding at December 31, 2009 and 2008 was 0.6 and
5.4 percent, respectively. The decrease in interest rate for 2009 was due primarily to low interest rates on commercial
paper and long-term debt maturing within one year.
17. OTHER ACCRUED LIABILITIES
December 31, 2009 2008
Compensation and other employee-related costs $ 885 $ 841
Deferred revenue 1,174 1,037
Employee benefits (Note 22) 456 459
Discounts and rebates 302 331
Derivative instruments 71 487
Miscellaneous 1,300 1,305
$4,188 $4,460
Deferred revenue principally includes advance customer payments related to businesses within the Agriculture &
Nutrition segment. Miscellaneous other accrued liabilities principally includes accrued plant and operating expenses,
accrued litigation costs, employee separation costs in connection with the company’s restructuring programs, the
estimated fair value of certain guarantees and accrued environmental remediation costs.
F-24