United Healthcare 2011 Annual Report Download - page 77

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75
8. Commercial Paper and Long-Term Debt
Commercial paper and long-term debt consisted of the following:
(in millions)
Commercial paper ........................................................
Senior unsecured floating-rate notes due February
2011 ..........................................................................
5.3% senior unsecured notes due March 2011.............
5.5% senior unsecured notes due November 2012 ......
4.9% senior unsecured notes due February 2013.........
4.9% senior unsecured notes due April 2013...............
4.8% senior unsecured notes due February 2014.........
5.0% senior unsecured notes due August 2014............
4.9% senior unsecured notes due March 2015.............
5.4% senior unsecured notes due March 2016.............
1.9% senior unsecured notes due November 2016 ......
5.4% senior unsecured notes due November 2016 ......
6.0% senior unsecured notes due June 2017................
6.0% senior unsecured notes due November 2017 ......
6.0% senior unsecured notes due February 2018.........
3.9% senior unsecured notes due October 2020 ..........
4.7% senior unsecured notes due February 2021.........
3.4% senior unsecured notes due November 2021 ......
Zero coupon senior unsecured notes due November
2022 ..........................................................................
5.8% senior unsecured notes due March 2036.............
6.5% senior unsecured notes due June 2037................
6.6% senior unsecured notes due November 2037 ......
6.9% senior unsecured notes due February 2038.........
5.7% senior unsecured notes due October 2040 ..........
6.0% senior unsecured notes due February 2041.........
4.6% senior unsecured notes due November 2041 ......
Total commercial paper and long-term debt.................
December 31, 2011
Par
Value
$ —
—
—
352
534
409
172
389
416
601
400
95
441
156
1,100
450
400
500
1,095
850
500
650
1,100
300
350
600
$ 11,860
Carrying
Value
$ —
—
—
363
540
421
184
423
458
678
397
95
499
173
1,123
442
419
497
619
844
495
645
1,084
298
348
593
$ 11,638
Fair
Value
$ —
—
—
366
556
427
185
424
460
689
400
110
518
183
1,308
478
450
517
696
1,017
636
834
1,475
359
430
631
$ 13,149
December 31, 2010
Par
Value
$ 930
250
705
352
534
409
172
389
416
601
—
95
441
156
1,100
450
—
—
1,095
850
500
650
1,100
300
—
—
$ 11,495
Carrying
Value
$ 930
250
712
372
541
425
186
425
456
666
—
95
484
167
1,065
413
—
—
588
844
495
645
1,085
298
—
—
$ 11,142
Fair
Value
$ 930
250
711
377
568
437
184
423
444
661
—
105
491
174
1,249
429
—
—
677
862
552
729
1,281
299
—
—
$ 11,833
Maturities of long-term debt for the years ending December 31 are as follows:
(in millions)
2012 (a) ...............................................................................................................................................................
2013.....................................................................................................................................................................
2014.....................................................................................................................................................................
2015.....................................................................................................................................................................
2016.....................................................................................................................................................................
Thereafter............................................................................................................................................................
Maturities of
Long-Term Debt
$ 982
961
607
458
1,170
7,460
(a) The $1,095 million par, zero coupon senior unsecured notes due November 2022 have been included in current
maturities of long-term debt in the Consolidated Balance Sheets as of December 31, 2011 and 2010 due to a current
note holder option to “put” the note to the Company which began on November 15, 2010, and recurs each
November 15 thereafter until 2022 (except 2014), at accreted value.