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
shown below. Actual maturities may differ from contractual maturities because the issuers of the securities may have
the right to prepay obligations without prepayment penalties.
Dec. 31,
(Millions) 2006
Due in one year or less $ 26
Due after one year through three years 114
Due after three years through five years 72
Due after five years 425
Total marketable securities $637
NOTE 10. Long-Term Debt and Short-Term Borrowings
Long-term debt and short-term borrowings as of December 31 consisted of the following (with interest rates as of
December 31, 2006):
  
Currency/ Effective 
Long-Term Debt Fixed vs. Interest Maturity
(Millions) Floating Rate* Date 2006 2005
Convertible notes USD Fixed 3.25% 2032 $ 542 $ 539
Medium-term note USD Floating 5.35% 2009 400 ±
Dealer remarketable securities USD Fixed 5.66% 2010 350 350
6.375% note USD Floating 5.97% 2028 328 328
ESOP debt guarantee USD Fixed 5.62% 2007-2009 127 165
Floating rate note USD Floating 5.02% 2041 100 100
Floating rate note USD Floating 5.01% 2044 62 62
Other borrowings Various 4.18% 2007-2040 252 257
Total long-term debt $2,161 $1,801
Less: current portion of long-term debt 1,114 492
Long-term debt $1,047 $1,309
Short-Term Borrowings and
Current Portion of Long-Term Debt Effective
(Millions) Interest Rate* 2006 2005
Current portion of long-term debt 4.30% $1,114 $ 492
U.S. dollar commercial paper 5.23% 1,035 514
Non-U.S. dollar commercial paper 3.67% 314 ±
Other borrowings 6.87% 43 66
Total short-term borrowings and
current portion of long-term debt $2,506 $1,072
Weighted-Average Effective Interest Rate*
Total Excluding ESOP Debt
At December 31 2006 2005 2006 2005
Short-term 4.65% 4.57% 4.63% 4.54%
Long-term 3.67% 3.38% 3.49% 3.14%
* Debt tables reflect the effects of interest rate swaps at December 31; weighted-average effective interest rate table reflects the
combined effects of interest rate and currency swaps at December 31.
The balances at December 31, 2006 for marketable securities and short-term investments by contractual maturity are