Quarterly report pursuant to Section 13 or 15(d)

Debt and Borrowing Arrangements

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Debt and Borrowing Arrangements
9 Months Ended
Sep. 26, 2014
Debt and borrowing arrangements  
Debt and Borrowing Arrangements
DEBT AND BORROWING ARRANGEMENTS
During the nine months ended September 26, 2014, the Company issued $3,537 million of long-term debt. The general terms of the notes issued are as follows:
$1,000 million total principal amount of notes due September 1, 2015, at a variable interest rate equal to the three-month London Interbank Offered Rate plus 0.01 percent;
$1,015 million total principal amount of euro notes due September 22, 2022 at a fixed interest rate of 1.125 percent; and
$1,522 million total principal amount of euro notes due September 22, 2026 at a fixed interest rate of 1.875 percent.
During the nine months ended September 26, 2014, the Company retired $1,000 million of long-term debt upon maturity.