Coca Cola 2015 Annual Report Download - page 110

Long-Term Debt
During 2015, the Company issued SFr1,325 million, €8,500 million and $4,000 million of long-term debt. The general terms of the notes issued are as
follows:
• SFr200 million total principal amount of notes due October 2, 2017, at a fixed interest rate of 0.00 percent;
• SFr550 million total principal amount of notes due December 22, 2022, at a fixed interest rate of 0.25 percent;
• SFr575 million total principal amount of notes due October 2, 2028, at a fixed interest rate of 1.00 percent;
• €2,000 million total principal amount of notes due March 9, 2017, at a variable interest rate equal to the three-month Euro Interbank Offered Rate
("EURIBOR") plus 0.15 percent;
• €2,000 million total principal amount of notes due September 9, 2019, at a variable interest rate equal to the three-month EURIBOR plus 0.23
percent;
• €1,500 million total principal amount of notes due March 9, 2023, at a fixed interest rate of 0.75 percent;
• €1,500 million total principal amount of notes due March 9, 2027, at a fixed interest rate of 1.125 percent;
• €1,500 million total principal amount of notes due March 9, 2035, at a fixed interest rate of 1.625 percent;
• $750 million total principal amount of notes due October 27, 2017, at a fixed interest rate of 0.875 percent;
• $1,500 million total principal amount of notes due October 27, 2020, at a fixed interest rate of 1.875 percent; and
• $1,750 million total principal amount of notes due October 27, 2025, at a fixed interest rate of 2.875 percent.
During 2015, the Company retired $3,500 million of long-term debt upon maturity. The Company also extinguished $2,039 million of long-term debt prior
to maturity, incurring associated charges of $320 million recorded in the line item interest expense in our consolidated statement of income. These charges
included the difference between the reacquisition price and the net carrying amount of the debt extinguished, including the impact of the related fair value
hedging relationship. The general terms of the notes that were extinguished were as follows:
• $1,148 million total principal amount of notes due November 15, 2017, at a fixed interest rate of 5.35 percent; and
• $891 million total principal amount of notes due March 15, 2019, at a fixed interest rate of 4.875 percent.
During 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 ("LIBOR") 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 2014, the Company retired $1,000 million of long-term debt upon maturity.
During 2013, the Company issued $7,500 million of long-term debt. The general terms of the notes issued are as follows:
• $500 million total principal amount of notes due March 5, 2015, at a variable interest rate equal to the three-month LIBOR minus 0.02 percent;
• $500 million total principal amount of notes due November 1, 2016, at a variable interest rate equal to the three-month LIBOR plus 0.10 percent;
• $500 million total principal amount of notes due November 1, 2016, at a fixed interest rate of 0.75 percent;
• $1,250 million total principal amount of notes due April 1, 2018, at a fixed interest rate of 1.15 percent;
• $1,250 million total principal amount of notes due November 1, 2018, at a fixed interest rate of 1.65 percent;
• $1,250 million total principal amount of notes due November 1, 2020, at a fixed interest rate of 2.45 percent;
• $750 million total principal amount of notes due April 1, 2023, at a fixed interest rate of 2.50 percent; and
• $1,500 million total principal amount of notes due November 1, 2023, at a fixed interest rate of 3.20 percent.
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