Walmart 2011 Annual Report Download - page 43

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Walmart 2011 Annual Report 41
Long-term debt consists of the following:
January 31, 2011 January 31, 2010
Maturity Dates Average Average
(In millions of U.S. dollars) By Fiscal Year Amount Rate
(1)
Amount Rate
(1)
Unsecured Debt
Fixed $29,945 4.7% $21,995 5.2%
Variable
500 5.0% 1,000 5.6%
Total Denominated U.S. Dollar 2012–2041 30,445 22,995
Fixed 1,369 4.9% 1,386 4.9%
Variable — — — —
Total Denominated Euro 2030 1,369 1,386
Fixed 6,402 5.2% 6,390 5.2%
Variable — — — —
Total Denominated Sterling 2013–2039 6,402 6,390
Fixed 3,085 1.5% 2,029 1.7%
Variable 2,242 1.1% 2,810 0.5%
Total Denominated Yen 2012–2021 5,327 4,839
Total Unsecured Debt 43,543 35,610
Total Other Debt (in USD)
(2)
2012–2029 1,537 1,411
Total Debt 45,080 37,021
Less amounts due within one year (4,655) (4,050)
Derivative fair value adjustments 267 260
Long-term Debt $40,692 $33,231
(1)
The average rate represents the weighted-average stated rate for each corresponding debt category, based on year-end balances and year-end local currency interest rates.
Our interest costs are also impacted by certain derivative financial instruments described in Note 9.
(2)
A portion of other debt includes secured debt in the amount of $303 million, which is collateralized by property with an aggregate carrying amount of approximately
$1.1 billion.
The Company has $500 million in debt with embedded put options. The issuance of money market puttable reset securities in the amount of $500 million
is structured to be remarketed in connection with the annual reset of the interest rate. If, for any reason, the remarketing of the notes does not occur at
the time of any interest rate reset, the holders of the notes must sell, and the Company must repurchase, the notes at par. This issuance has been
classied as long-term debt due within one year in the Consolidated Balance Sheets. Annual maturities of long-term debt during the next ve years
and thereafter are as follows:
(Amounts in millions) Annual
Fiscal Year Maturity
2012 $ 4,655
2013 1,744
2014 5,113
2015 2,832
2016 4,662
Thereafter 26,074
Total $45,080
Notes to Consolidated Financial Statements