Short-term Debt | ||||||||||
Short-term debt at December 31 is as follows: | ||||||||||
2013 | 2012 | |||||||||
(in millions) | ||||||||||
Commercial paper: | ||||||||||
Prudential Financial | $ | 190 | $ | 113 | ||||||
Prudential Funding, LLC | 460 | 359 | ||||||||
Subtotal commercial paper | 650 | 472 | ||||||||
Other notes payable(1) | 0 | 100 | ||||||||
Current portion of long-term debt(2) | 2,019 | 1,912 | ||||||||
Total short-term debt(3) | $ | 2,669 | $ | 2,484 | ||||||
Supplemental short-term debt information: | ||||||||||
Portion of commercial paper borrowings due overnight | $ | 466 | $ | 156 | ||||||
Daily average commercial paper outstanding | $ | 1,309 | $ | 1,194 | ||||||
Weighted average maturity of outstanding commercial paper, in days | 18 | 21 | ||||||||
Weighted average interest rate on outstanding short-term debt(4) | 0.17 | % | 0.28 | % |