XML 53 R34.htm IDEA: XBRL DOCUMENT v3.6.0.2
Debt and Borrowing Arrangements (Tables)
 12 Months Ended
Dec. 31, 2016
Short-Term Borrowings and Related Weighted-Average Interest Rates

Our short-term borrowings and related weighted-average interest rates consisted of:

 

     As of December 31,  
     2016      2015  
     Amount      Weighted-      Amount      Weighted-  
     Outstanding      Average Rate      Outstanding      Average Rate  
     (in millions)             (in millions)         

Commercial paper

    $ 2,371        1.0%      $ –        0.0%  

Bank loans

      160        10.6%        236        9.5%  
  

 

 

        

 

 

     

Total short-term borrowings

    $ 2,531         $ 236     
  

 

 

        

 

 

     
Long-Term Debt

Our long-term debt consisted of (interest rates are as of December 31, 2016):

 

     As of December 31,  
     2016      2015  
     (in millions)  

U.S. dollar notes, 0.881% to 7.000% (weighted-average effective rate 3.527%),
due through 2040

    $ 8,812       $ 8,371   

Euro notes, 1.000% to 2.375% (weighted-average effective rate 1.808%),
due through 2035

      3,980         4,305   

Pound sterling notes, 3.875% to 7.250% (weighted-average  effective rate 4.441%),
due through 2045

      418         1,399   

Swiss franc notes, 0.000% to 1.125% (weighted-average  effective rate 0.636%),
due through 2025

      1,449         1,075   

Capital leases and other obligations

      9         12   
  

 

 

     

 

 

  

Total

      14,668         15,162   

Less current portion of long-term debt

      (1,451 )       (605 ) 
  

 

 

     

 

 

  

Long-term debt

    $ 13,217       $ 14,557   
  

 

 

     

 

 
Aggregate Maturities of Debt and Capital Leases Based on Stated Contractual Maturities

As of December 31, 2016, aggregate maturities of our debt and capital leases based on stated contractual maturities, excluding unamortized non-cash bond premiums, discounts, bank fees and mark-to-market adjustments of $(69) million, were (in millions):

 

                                                                                                                 

        2017        

    2018    2019    2020    2021    Thereafter    Total
$1,451    $1,144    $2,650    $658    $3,260    $5,574    $14,737
Interest and Other Expense Net Within Results of Continuing Operations

Interest and other expense, net within our results of continuing operations consisted of:

 

                                                        
     For the Years Ended December 31,  
     2016      2015      2014  
            (in millions)         

Interest expense, debt

    $ 515       $ 609       $ 778   

Loss on debt extinguishment and related expenses

      427         753         495   

JDE coffee business transactions currency-related net  gains

      –         (436 )       (628 ) 

Loss related to interest rate swaps

      97         34         –   

Other expense, net

      76         53         43   
  

 

 

     

 

 

     

 

 

  

Interest and other expense, net

    $ 1,115       $ 1,013       $ 688