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Long-term debt | 12 Months Ended
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Dec. 31, 2012
Long-term debt/Lines of credit [Abstract] |
Long-term debt | 14. Long-term debt The long-term debt consists of the following:
As of December 31 (in thousands) |  | 2012 EUR |  |  | 2011 EUR |
Eurobond, carrying amount |  |  | 710,095 |  |  |  | 695,618 |
Loan headquarter building1 |  |  | 32,366 |  |  |  | 33,795 |
Other |  |  | 17,029 |  |  |  | 6,955 |
Long-term debt |  |  | 759,490 |  |  |  | 736,368 |
Less: current portion of long-term debt |  |  | 3,610 |  |  |  | 2,587 |
Non-current portion of long-term debt |  |  | 755,880 |  |  |  | 733,781 |
1 | This loan relates to our Variable Interest Entity, see Note 11.
Our obligations to make principal repayments under the Eurobond and other borrowing arrangements excluding interest expense as of December 31, 2012, for the next five years and thereafter, are as follows:
(in thousands) |  | EUR |
2013 |  |  | 3,610 |
2014 |  |  | 3,535 |
2015 |  |  | 3,535 |
2016 |  |  | 3,535 |
2017 |  |  | 603,535 |
Thereafter |  |  | 31,644 |
Long-term debt |  |  | 649,394 |
Less: current portion of long-term debt |  |  | 3,610 |
Non-current portion of long-term debt |  |  | 645,784 |
Eurobond The following table summarizes the carrying amount of our outstanding Eurobond, including the fair value of interest rate swaps used to hedge the change in the fair value of the Eurobond:
As of December 31 (in thousands) |  | 2012 EUR |  |  | 2011 EUR |
Principal amount |  |  | 600,000 |  |  |  | 600,000 |
Fair value interest rate swaps1 |  |  | 110,095 |  |  |  | 95,618 |
Carrying amount |  |  | 710,095 |  |  |  | 695,618 |
1 | The fair value of the interest rate swaps excludes accrued interest.
In June 2007, we completed an offering of EUR 600.0 million principal amount of our 5.75 percent notes due 2017, with interest payable annually on June 13. The notes are redeemable at the option of ASML, in whole or in part, at any time by paying a make whole premium, and unless previously redeemed, will be redeemed at 100 percent of their principal amount on June 13, 2017. The Eurobond serves as a hedged item in a fair value hedge relationship in which we hedge the variability of changes in the fair value of our Eurobond due to changes in market interest rates with interest rate swaps. The fair value changes of these interest rate swaps are recorded on the consolidated balance sheets under derivative financial instruments (within other current assets and other non-current assets) and the carrying amount of the Eurobond is adjusted for these fair value changes only. The following table summarizes amongst others the estimated fair value of the Eurobond:
As of December 31 (in thousands) |  | 2012 EUR |  |  | 2011 EUR |
Principal amount |  |  | 600,000 |  |  |  | 600,000 |
Carrying amount |  |  | 710,095 |  |  |  | 695,618 |
Fair value 1 |  |  | 700,644 |  |  |  | 640,500 |
1 | Source: Bloomberg Finance LP
The fair value of our Eurobond is estimated based on quoted market prices as of December 31, 2012. The fair value of the Eurobond is higher than the principal amount as a result of lower market interest rates compared to the fixed 5.75% coupon rate of the Eurobond.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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