Fiscal Years Ended January 31, | ||||||||||||
(Amounts in millions) | 2013 | 2012 | 2011 | |||||||||
Maximum amount outstanding at any month-end | $ | 8,740 | $ | 9,594 | $ | 9,282 | ||||||
Average daily short-term borrowings | 6,007 | 6,040 | 4,020 | |||||||||
Weighted-average interest rate | 0.1 | % | 0.1 | % | 0.2 | % |
Fiscal Years Ended January 31, | ||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
(Amounts in millions) | Available | Drawn | Undrawn | Available | Drawn | Undrawn | ||||||||||||||||||
Five-year credit facility(1) | $ | 6,258 | $ | — | $ | 6,258 | $ | 6,258 | $ | — | $ | 6,258 | ||||||||||||
364-day revolving credit facility(2) | 10,000 | — | 10,000 | 10,000 | — | 10,000 | ||||||||||||||||||
Stand-by letters of credit(3) | 1,871 | 1,868 | 3 | 2,225 | 2,178 | 47 | ||||||||||||||||||
Total | $ | 18,129 | $ | 1,868 | $ | 16,261 | $ | 18,483 | $ | 2,178 | $ | 16,305 |
(1) | In June 2011, the Company renewed and extended its existing five-year credit facility, which is used to support its commercial paper program. |
(2) | In June 2012, the Company renewed and extended its existing 364-day revolving credit facility, which is used to support its commercial paper program. |
(3) | In June 2012, the Company renewed the stand-by letters of credit, which is used to support various potential and actual obligations. |
January 31, 2013 | January 31, 2012 | |||||||||||||||
(Amounts in millions) | Maturity Dates By Fiscal Year | Amount | Average Rate(1) | Amount | Average Rate(1) | |||||||||||
Unsecured debt | ||||||||||||||||
Fixed | 2014-2042 | $ | 32,476 | 4.6 | % | $ | 33,128 | 4.6 | % | |||||||
Variable | 2014 | 500 | 5.5 | % | 500 | 5.2 | % | |||||||||
Total U.S. dollar denominated | 32,976 | 33,628 | ||||||||||||||
Fixed | 2030 | 1,358 | 4.9 | % | 1,308 | 4.9 | % | |||||||||
Variable | — | — | ||||||||||||||
Total Euro denominated | 1,358 | 1,308 | ||||||||||||||
Fixed | 2031-2039 | 5,550 | 5.3 | % | 6,301 | 5.3 | % | |||||||||
Variable | — | — | ||||||||||||||
Total Sterling denominated | 5,550 | 6,301 | ||||||||||||||
Fixed | 2014-2021 | 1,942 | 1.4 | % | 2,335 | 1.4 | % | |||||||||
Variable | 2014-2016 | 1,056 | 0.7 | % | 1,271 | 0.8 | % | |||||||||
Total Yen denominated | 2,998 | 3,606 | ||||||||||||||
Total unsecured debt | 42,882 | 44,843 | ||||||||||||||
Total other debt (in USD)(2) | 2014-2042 | 1,099 | 1,202 | |||||||||||||
Total debt | 43,981 | 46,045 | ||||||||||||||
Less amounts due within one year | (5,587 | ) | (1,975 | ) | ||||||||||||
Long-term debt | $ | 38,394 | $ | 44,070 |
(1) | The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end local currency interest rates. Interest costs are also impacted by certain derivative financial instruments described in Note 8. |
(2) | A portion of other debt at January 31, 2013 and 2012, includes secured debt in the amount of $627 million and $319 million, respectively, which was collateralized by property that had an aggregate carrying amount of approximately $599 million and $866 million, respectively. |
(Amounts in millions) | Annual | ||
Fiscal Year | Maturity | ||
2014 | $ | 5,587 | |
2015 | 3,753 | ||
2016 | 4,562 | ||
2017 | 1,127 | ||
2018 | 1,128 | ||
Thereafter | 27,824 | ||
Total | $ | 43,981 |
Issue Date | Maturity Date | Interest Rate | Principal Amount | |||||
April 18, 2011 | April 15, 2014 | 1.625% | $ | 1,000 | ||||
April 18, 2011 | April 15, 2016 | 2.800% | 1,000 | |||||
April 18, 2011 | April 15, 2021 | 4.250% | 1,000 | |||||
April 18, 2011 | April 15, 2041 | 5.625% | 2,000 | |||||
Total | $ | 5,000 |