v2.4.0.8
Short-term Borrowings and Long-term Debt (Tables)
 12 Months Ended
Dec. 28, 2013
Debt Disclosure [Abstract]  
Schedule of Debt
 
 
2013
 
2012
Short-term Borrowings
 
 
 
 
Current maturities of long-term debt
 
$
71

 
$
10

 
 
 
 
 
Long-term Debt
 
 
 
 
Senior Unsecured Notes
 
$
2,803

 
$
2,750

Capital lease obligations (See Note 11)
 
172

 
170

 
 
2,975

 
2,920

Less current maturities of long-term debt
 
(71
)
 
(10
)
Long-term debt excluding long-term portion of hedge accounting adjustment
 
2,904

 
2,910

Long-term portion of fair value hedge accounting adjustment (See Note 12)
 
14

 
22

Long-term debt including hedge accounting adjustment
 
$
2,918


$
2,932
Debt Instrument [Line Items]  
Annual maturities of short-term borrowings and long-term debt excluding capital lease obligations and derivative instrument adjustments
The annual maturities of short-term borrowings and long-term debt as of December 28, 2013, excluding capital lease obligations of $172 million and fair value hedge accounting adjustments of $14 million, are as follows:
 
Year ended:
 
2014
$
58

2015
250

2016
300

2017
—

2018
325

Thereafter
1,875

Total
$
2,808
Senior Unsecured Notes [Member]
  
Debt Instrument [Line Items]  
Senior Unsecured Notes issued that remain outstanding
The following table summarizes all Senior Unsecured Notes issued that remain outstanding at December 28, 2013:
 
 
 
 
 
 
Interest Rate
Issuance Date(a)
 
Maturity Date
 
Principal Amount (in millions)
 
Stated
 
Effective(b)
April 2006
 
April 2016
 
$
300

 
6.25%
 
6.03%
October 2007
 
March 2018
 
$
325

 
6.25%
 
6.36%
October 2007
 
November 2037
 
$
325

 
6.88%
 
7.45%
August 2009
 
September 2015
 
$
250

 
4.25%
 
4.44%
August 2009
 
September 2019
 
$
250

 
5.30%
 
5.59%
August 2010
 
November 2020
 
$
350

 
3.88%
 
4.01%
August 2011
 
November 2021
 
$
350

 
3.75%
 
3.88%
September 2011
 
September 2014
 
$
58

 
2.38%
 
2.89%
October 2013
 
November 2023
 
$
325

 
3.88%
 
4.01%
October 2013
 
November 2043
 
$
275

 
5.35%
 
5.42%

(a)
Interest payments commenced approximately six months after issuance date and are payable semi-annually thereafter.

(b)
Includes the effects of the amortization of any (1) premium or discount; (2) debt issuance costs; and (3) gain or loss upon settlement of related treasury locks and forward-starting interest rate swaps utilized to hedge the interest rate risk prior to the debt issuance.  Excludes the effect of any swaps that remain outstanding as described in Note 12.