Quarterly report pursuant to Section 13 or 15(d)

DEBT

v2.4.0.6
DEBT
3 Months Ended
Apr. 01, 2012
DEBT  
DEBT

NOTE 9.  DEBT

 

A summary of long-term debt was as follows:

 

 

 

April 1,

 

December 31,

 

In millions

 

2012

 

2011

 

Long-term debt

 

 

 

 

 

Export financing loan, 4.5%, due 2012

 

$

20

 

$

31

 

Export financing loan, 4.5%, due 2013

 

50

 

44

 

Debentures, 6.75%, due 2027

 

58

 

58

 

Debentures, 7.125%, due 2028

 

250

 

250

 

Debentures, 5.65%, due 2098 (effective interest rate 7.48%)

 

165

 

165

 

Other

 

95

 

90

 

 

 

638

 

638

 

Unamortized discount

 

(35

)

(36

)

Fair value adjustments due to hedge on indebtedness

 

70

 

82

 

Capital leases

 

72

 

71

 

Total long-term debt

 

745

 

755

 

Less: current maturities of long-term debt

 

(95

)

(97

)

Long-term debt

 

$

650

 

$

658

 

 

Principal payments required on long-term debt during the next five years are:

 

 

 

Required Principal Payments

 

In millions

 

2012

 

2013

 

2014

 

2015

 

2016

 

Payment

 

$

88

 

$

62

 

$

27

 

$

17

 

$

16