Emerson 2009 Annual Report Download - page 38

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Emerson 200936

Short-term borrowings and current maturities of long-term debt are summarized as follows:
   2008 2009
Current maturities of long-term debt $ 467 566
Commercial paper 665 –
Payable to banks 17 11
Other 72 –
Total $1,221 577
Weighted-average short-term borrowing interest rate at year end 2.6% 1.1%
In 2000, the Company issued 13 billion Japanese yen of commercial paper and simultaneously entered into a 10-year
interest rate swap, which xed the rate at 2.2 percent. This swap was terminated in December 2008.
To support short-term borrowings, the Company maintains, but has not drawn on, a $2.8 billion, ve-year, revolving
credit facility that expires in April 2011. The credit facility has no nancial covenants and is not subject to termination
based on a change in credit ratings or a material adverse change. There were no borrowings against U.S. lines of credit
in the last three years. The Company expects to renew the backup credit facility in 2010.

Long-term debt is summarized as follows:
   2008 2009
5% notes due October 2008 $ 175 –
5.85% notes due March 2009 250 –
7.125% notes due August 2010 500 500
5.75% notes due November 2011 250 250
4.625% notes due October 2012 250 250
4.50% notes due May 2013 250 250
5.625% notes due November 2013 250 250
5% notes due December 2014 250 250
4.125% notes due April 2015 – 250
4.75% notes due October 2015 250 250
5.125% notes due December 2016 250 250
5.375% notes due October 2017 250 250
5.250% notes due October 2018 400 400
5.00% notes due April 2019 – 250
4.875% notes due October 2019 – 500
6% notes due August 2032 250 250
6.125% notes due April 2039 – 250
Other 189 164
3,764 4,564
Less current maturities 467 566
Total $3,297 3,998
Long-term debt maturing during each of the four years after 2010 is $66, $277, $500 and $250, respectively. Total
interest paid related to short-term borrowings and long-term debt was approximately $230, $235 and $242 in 2009,
2008 and 2007, respectively.
The Company has a universal shelf registration statement on le with the SEC under which it could issue debt securities,
preferred stock, common stock, warrants, share purchase contracts and share purchase units without a predetermined
limit. Securities can be sold in one or more separate offerings with the size, price and terms to be determined at the
time of sale.