Quarterly report pursuant to Section 13 or 15(d)

DEBT

v2.4.0.6
DEBT
9 Months Ended
Sep. 30, 2012
DEBT  
DEBT

NOTE 12.  DEBT

 

A summary of long-term debt was as follows:

 

 

 

September 30,

 

December 31,

 

In millions

 

2012

 

2011

 

Long-term debt

 

 

 

 

 

Export financing loan, 4.5%, due 2012

 

$

 

$

31

 

Export financing loan, 4.5%, due 2013

 

34

 

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

 

119

 

90

 

 

 

626

 

638

 

Unamortized discount

 

(35

)

(36

)

Fair value adjustments due to hedge on indebtedness

 

88

 

82

 

Capital leases

 

68

 

71

 

Total long-term debt

 

747

 

755

 

Less: Current maturities of long-term debt

 

(77

)

(97

)

Long-term debt

 

$

670

 

$

658

 

 

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

 

 

 

Required Principal Payments

 

In millions

 

2012

 

2013

 

2014

 

2015

 

2016

 

Payment

 

$

33

 

$

71

 

$

31

 

$

43

 

$

14