Walmart 2004 Annual Report Download - page 31

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Foreign Currency Exchange Rate Position as of January 31, 2004
Principal Amount by Expected Maturity
Average Interest Rate Fair value
(Dollar amounts in millions) 2005 2006 2007 2008 2009 Thereafter Total 1/31/04
Liabilities
USD denominated
long-term debt including
current portion
Fixed-rate debt $ – $ – $ 325 $ – $ – $ – $ 325 $ 409
Average interest rate – – 5.6% – – – 5.6%
Great Britain pound denominated
long-term debt including
current portion
Fixed-rate debt – – – – – $ 1,820 $ 1,820 $ 1,838
Average interest rate – – – – – 5.6% 5.6%
Foreign Currency Exchange Rate Position as of January 31, 2004
Notional Amount by Expected Maturity
Average Interest Swap Rate Fair value
(Dollar amounts in millions) 2005 2006 2007 2008 2009 Thereafter Total 1/31/04
Currency Swap Agreements
Great Britain pounds
Notional amount $ – $ – $ – $ – $ – $ 1,250 $ 1,250 $ 29
Average contract rate – – – – – 0.6 0.6
Fixed rate received – USD rate – – – – – 7.4% 7.4%
Fixed rate paid –
Great Britain pound rate – – – – – 5.8% 5.8%
Canadian dollars
Notional amount – – $ 325 – – – $ 325 ($ 54)
Average contract rate – – 1.5 – – – 1.5
Fixed rate received – USD rate – – 5.6% – – – 5.6%
Fixed rate paid – Canadian dollar rate – – 5.7% – – – 5.7%
Japanese yen
Notional amount – – – – $ 432 – $ 432 ($ 46)
Average contract rate – – – – 120 – 120
Fixed rate received – USD rate – – – – 3.6% – 3.6%
Fixed rate paid – Japanese yen rate – – – – 0.2% – 0.2%
29