DuPont 2010 Annual Report Download - page 83

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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)
15. SHORT-TERM BORROWINGS AND CAPITAL LEASE OBLIGATIONS
December 31, 2010 2009
Commercial paper $-$ 444
Other loans-various currencies 128 80
Long-term debt payable within one year 4981
Capital lease obligations 11
$ 133 $1,506
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 $130 and $1,500 at December 31, 2010 and 2009, respectively.
Unused bank credit lines were approximately $2,600 at December 31, 2010 and 2009. These lines are available to
support short-term liquidity needs and general corporate purposes including letters of credit. Outstanding letters of
credit were approximately $424 and $350 at December 31, 2010 and 2009, 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, 2010 and 2009 was 5.4 and
0.6 percent, respectively. The increase in the interest rate reflects the reduction in commercial paper and the maturity of
long-term debt in 2010, which both had low interest rates in 2009.
16. OTHER ACCRUED LIABILITIES
December 31, 2010 2009
Compensation and other employee-related costs $ 978 $ 885
Deferred revenue 1,700 1,174
Employee benefits (Note 21) 443 456
Discounts and rebates 332 302
Derivative instruments 132 71
Miscellaneous 1,086 1,300
$4,671 $4,188
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