Walgreens 2015 Annual Report Download - page 94
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10. Short-Term Borrowings and Long-Term Debt
Short-term borrowings and long-term debt consist of the following (all amounts are presented in millions of U.S.
dollars. Debt issuances are denominated in U.S. dollars, unless otherwise noted):
August 31,
2015
August 31,
2014
Short-Term Borrowings(1)
Current portion of loans assumed through the purchase of land and buildings; various
interest rates from 5.000% to 8.750%; various maturities from 2015 to 2035 $ 2 $ 8
Unsecured variable rate notes due 2016 747 —
1.000% unsecured notes due 2015 — 750
Other(2) 319 16
Total short-term borrowings $ 1,068 $ 774
Long-Term Debt(1)
Unsecured Pound Sterling variable rate term loan due 2019(4) $ 2,229 $ —
1.800% unsecured notes due 2017 — 994
1.750% unsecured notes due 2017 746 —
5.250% unsecured notes due 2019(3) 250 1,007
2.700% unsecured notes due 2019 1,243 —
2.875% unsecured Pound Sterling notes due 2020(4) 612 —
3.300% unsecured notes due 2021 1,241 —
3.100% unsecured notes due 2022 1,193 1,192
3.800% unsecured notes due 2024 1,985 —
3.600% unsecured Pound Sterling notes due 2025(4) 459 —
2.125% unsecured Euro notes due 2026(5) 836 —
4.500% unsecured notes due 2034 494 —
4.400% unsecured notes due 2042 492 491
4.800% unsecured notes due 2044 1,491 —
Loans assumed through the purchase of land and buildings; various interest rates from
5.000% to 8.750%; various maturities from 2015 to 2035 20 32
Other(6) 24 —
Total long-term debt $13,315 $3,716
(1) All notes are presented net of unamortized discount and debt issuance costs, where applicable.
(2) Other short-term borrowings represent a mix of fixed and variable rate borrowings with various maturities
and working capital facilities denominated in various foreign currencies including $45 million of U.S. dollar
equivalent bank overdrafts.
(3) Also includes interest rate swap fair market value adjustments, see Note 12, Fair Value Measurements for
additional fair value disclosures.
(4) Pound Sterling denominated notes are translated at the August 31, 2015 spot rate of $1.54 to one British
Pound Sterling.
(5) Euro denominated notes are translated at the August 31, 2015 spot rate of $1.12 to one Euro.
(6) Other long-term debt represents a mix of fixed and variable rate borrowings in various foreign currencies
with various maturities.
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