Coca Cola 2004 Annual Report Download - page 85

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Coca-Cola Company and Subsidiaries
NOTE 6: SHORT-TERM BORROWINGS AND CREDIT ARRANGEMENTS (Continued)
had $1,614 million in lines of credit and other short-term credit facilities available as of December 31, 2004, of
which approximately $296 million was outstanding. This entire amount related to our international operations.
Included in the available credit facilities discussed above, the Company had $1,150 million in lines of credit for
general corporate purposes, including commercial paper back-up. There were no borrowings under these lines
of credit during 2004.
These credit facilities are subject to normal banking terms and conditions. Some of the financial
arrangements require compensating balances, none of which is presently significant to our Company.
NOTE 7: LONG-TERM DEBT
Long-term debt consists of the following (in millions):
December 31, 2004 2003
Variable rate euro notes due 20041$—$ 296
57⁄8% euro notes due 2005 663 591
4% U.S. dollar notes due 2005 750 749
53⁄4% U.S. dollar notes due 2009 399 399
53⁄4% U.S. dollar notes due 2011 499 498
73⁄8% U.S. dollar notes due 2093 116 116
Other, due through 20132220 191
$ 2,647 $ 2,840
Less current portion 1,490 323
$ 1,157 $ 2,517
12.4 percent at December 31, 2003.
2Includes $5 million and $27 million fair value adjustment related to interest rate swap agreements in
2004 and 2003, respectively. Refer to Note 10.
The above notes include various restrictions, none of which is presently significant to our Company.
After giving effect to interest rate management instruments, the principal amount of our long-term debt
that had fixed and variable interest rates, respectively, was $1,895 million and $752 million on December 31,
2004, and $1,742 million and $1,098 million on December 31, 2003. The weighted-average interest rate on our
Company’s long-term debt was 4.4 percent and 3.9 percent per annum for the years ended December 31, 2004
and 2003, respectively. Total interest paid was approximately $188 million, $180 million and $197 million in 2004,
2003 and 2002, respectively. For a more detailed discussion of interest rate management, refer to Note 10.
Maturities of long-term debt for the five years succeeding December 31, 2004 are as follows (in millions):
2005 2006 2007 2008 2009
$ 1,490 $ 43 $ 21 $ 7 $ 406
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