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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
65
8. Long-term Obligations and Borrowing Arrangements
LONG-TERM OBLIGATIONS
The following table summarizes the Company's long-term debt obligations as of December 31, 2012, and 2011 (in millions):
December 31, December 31,
2012 2011
Senior unsecured notes(1) $ 2,748 $ 2,701
Revolving credit facility ——
Less — current portion(2) (250)(452)
Subtotal 2,498 2,249
Long-term capital lease obligations 56 7
Long-term obligations $ 2,554 $ 2,256
____________________________
(1) The carrying amount includes the unamortized net discount on debt issuances and an adjustment of $29 million as of
December 31, 2012 and 2011, related to the change in the fair value of interest rate swaps designated as fair value hedges or
the unamortized value of de-designated fair value hedges. See Note 9 for further information regarding derivatives.
(2) The carrying amount includes an adjustment of $2 million as of December 31, 2011 related to the unamortized value of de-
designated fair value hedges on the Company's senior unsecured notes due December 21, 2012. There was no adjustment
related to the unamortized value of de-designated fair value hedges included in the carrying amount as of December 31, 2012
since the senior unsecured notes were paid in full at maturity. See Note 9 for further information regarding derivatives.
As of December 31, 2012, the Company was in compliance with all financial covenant requirements relating to its senior
unsecured notes and under its unsecured credit agreement.
Senior Unsecured Notes
Senior unsecured notes consisted of the following (in millions):
Principal Amount Carrying Amount
December 31, December 31, December 31,
Issuance Maturity Date Rate 2012 2012 2011
2012 Notes December 21, 2012 2.35% $ — $ — $ 452
2013 Notes May 1, 2013 6.12% 250 250 250
2016 Notes January 15, 2016 2.90% 500 500 500
2018 Notes May 1, 2018 6.82% 724 724 724
2019 Notes January 15, 2019 2.60% 250 253 250
2020 Notes January 15, 2020 2.00% 250 247 —
2021 Notes November 15, 2021 3.20% 250 254 249
2022 Notes November 15, 2022 2.70% 250 249 —
2038 Notes May 1, 2038 7.45% 250 271 276
$ 2,724 $ 2,748 $ 2,701
The indentures governing the senior unsecured notes, among other things, limit the Company's ability to incur indebtedness
secured by principal properties, to enter into certain sale and leaseback transactions and to enter into certain mergers or transfers
of substantially all of DPS' assets. The senior unsecured notes are guaranteed by substantially all of the Company's existing and
future direct and indirect domestic subsidiaries. As of December 31, 2012, the Company was in compliance with all financial
covenant requirements.