Quarterly report pursuant to Section 13 or 15(d)

Debt and Borrowing Arrangements

v2.4.0.6
Debt and Borrowing Arrangements
9 Months Ended
Sep. 28, 2012
Debt and borrowing arrangements  
Debt and Borrowing Arrangements
Debt and Borrowing Arrangements
On May 15, 2012, the Company retired $1,250 million of long-term notes upon maturity. This transaction resulted in a decrease in the Company's current maturities of long-term debt.
During the first quarter of 2012, the Company issued $2,750 million of long-term debt. The general terms of the notes issued are as follows:
$1,000 million total principal amount of notes due March 14, 2014, at a variable interest rate equal to the three-month London Interbank Offered Rate ("LIBOR") minus 0.05 percent;
$1,000 million total principal amount of notes due March 13, 2015, at a fixed interest rate of 0.75 percent; and
$750 million total principal amount of notes due March 14, 2018, at a fixed interest rate of 1.65 percent.