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TableofContents
IrelandandourcurrentplansdonotdemonstrateaneedtorepatriatesuchearningsbymeansofataxableIrishdividend.ShouldfundsbeneededintheIrishparent
companyandshouldwebeunabletofundparentcompanyactivitiesthroughmeansotherthanataxableIrishdividend,wewouldberequiredtoaccrueandpay
Irishtaxesonsuchdividend.
Webelievethatoursourcesofcashwillbesufficienttofundouroperationsandmeetourcashrequirementsforatleastthenext12months.
CashRequirementsandCommitments
Ourliquidityrequirementsareprimarilytomeetourworkingcapital,productdevelopmentandcapitalexpenditureneeds,tofundscheduledpaymentsof
principalandinterestonourindebtedness,andtofundourdividend.Ourabilitytofundtheserequirementswilldependonourfuturecashflows,whichare
determinedbyfutureoperatingperformance,andtherefore,subjecttoprevailingglobalmacroeconomicconditionsandfinancial,businessandotherfactors,some
ofwhicharebeyondourcontrol.
OnAugust2,2016,ourBoardofDirectorsapprovedaquarterlycashdividendof$0.63pershare,whichwillbepayableonOctober5,2016toshareholdersof
recordasofthecloseofbusinessonSeptember21,2016.
AsofJuly1,2016,wewereincompliancewithallofthecovenantsunderourdebtagreements.Basedonourcurrentoutlook,weexpecttobeincompliance
withthecovenantsofourdebtagreementsoverthenext12months.
Thecarryingvalueofourlong-termdebtasofJuly1,2016andJuly3,2015was$4.1billionand$4.2billion,respectively.Thetablebelowpresentsthe
principalamountsofouroutstandinglong-termdebt:
56
 Asof
(Dollarsinmillions) 
July1,
2016
July3,
2015 Change
3.75%SeniorNotesdueNovember2018  $ 800 $ 800 $ —
7.00%SeniorNotesdueNovember2021   158  158  —
4.75%SeniorNotesdueJune2023   990  1,000  (10)
4.75%SeniorNotesdueJanuary2025   995  1,000  (5)
4.875%SeniorNotesDueJune2027   700  700  —
5.75%SeniorNotesDueDecember2034   490  500  (10)
Total  $ 4,133 $ 4,158 $ (25)