McKesson 2016 Annual Report Download - page 104

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McKESSON CORPORATION
FINANCIAL NOTES (Continued)
16. Debt and Financing Activities
Long-term debt consisted of the following:
March 31,
(In millions) 2016 2015
U.S. Dollar notes (1)
Floating Rate Notes due September 10, 2015 $ — $ 400
0.95% Notes due December 4, 2015 — 500
3.25% Notes due March 1, 2016 — 600
5.70% Notes due March 1, 2017 500 500
1.29% Notes due March 10, 2017 700 700
1.40% Notes due March 15, 2018 500 499
7.50% Notes due February 15, 2019 350 349
2.28% Notes due March 15, 2019 1,100 1,100
4.75% Notes due March 1, 2021 599 599
2.70% Notes due December 15, 2022 400 400
2.85% Notes due March 15, 2023 400 400
3.80% Notes due March 15, 2024 1,100 1,100
7.65% Debentures due March 1, 2027 175 175
6.00% Notes due March 1, 2041 493 493
4.88% Notes due March 15, 2044 800 800
Foreign currency notes (2)
4.00% Bonds due October 18, 2016 403 388
4.50% Bonds due April 26, 2017 583 563
Lease and other obligations 44 143
Total debt 8,147 9,709
Less current portion (1,612) (1,529)
Total long-term debt $ 6,535 $ 8,180
(1) Interest on these notes is payable semiannually each year. These notes are unsecured and unsubordinated
obligations of the Company.
(2) Interest on these Euro-denominated bonds is due annually each year.
Long-Term Debt
Our long-term debt includes both U.S. dollar and foreign currency denominated borrowings. At March 31,
2016 and March 31, 2015, $8,147 million and $9,709 million of total debt were outstanding, of which
$1,612 million and $1,529 million were included under the caption “Current portion of long-term debt” within
our consolidated balance sheets.
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