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44 || Walmart 2013 Annual Report
The Company’s long-term debt, which includes the fair value instruments further discussed in Note 8, consists of the following:
January 31, 2013 January 31, 2012
Maturity Dates Average Average
(Amounts in millions) By Fiscal Year Amount Rate
(1)
Amount Rate
(1)
Unsecured debt
Fixed 2014–2042 $32,476 4.6% $33,128 4.6%
Variable 2014 500 5.5% 500 5.2%
Total U.S. dollar denominated 32,976 33,628
Fixed 2030 1,358 4.9% 1,308 4.9%
Variable — —
Total Euro denominated 1,358 1,308
Fixed 2031–2039 5,550 5.3% 6,301 5.3%
Variable — —
Total Sterling denominated 5,550 6,301
Fixed 2014–2021 1,942 1.4% 2,335 1.4%
Variable 2014–2016 1,056 0.7% 1,271 0.8%
Total Yen denominated 2,998 3,606
Total unsecured debt 42,882 44,843
Total other debt (in USD)
(2)
2014–2042 1,099 1,202
Total debt 43,981 46,045
Less amounts due within one year (5,587) (1,975)
Long-term debt $38,394 $44,070
(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.
Interest costs are also impacted by certain derivative fi nancial instruments described in Note 8.
(2) A portion of other debt at January 31, 2013 and 2012, includes secured debt in the amount of $627 million and $319 million, respectively, which was collateralized by property
that had an aggregate carrying amount of approximately $599 million and $866 million, respectively.
Notes to Consolidated Financial Statements
At January 31, 2013 and 2012, the Company had $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. Accordingly, this issuance has been classi ed
as long-term debt due within one year in the Company’s 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
2014 $ 5,587
2015 3,753
2016 4,562
2017 1,127
2018 1,128
Thereafter 27,824
Total $43,981
Debt Issuances
The Company did not issue any signi cant amounts of long-term
debt during  scal 2013. Information on signi cant long-term debt issued
during scal 2012, is as follows (amounts in millions):
Issue Date Maturity Date Interest Rate Principal Amount
April 18, 2011 April 15, 2014 1.625% $1,000
April 18, 2011 April 15, 2016 2.800% 1,000
April 18, 2011 April 15, 2021 4.250% 1,000
April 18, 2011 April 15, 2041 5.625% 2,000
Total $5,000
The aggregate net proceeds from these note issuances were
approximately $4.9 billion. The notes of each series require semi-annual
interest payments on April 15 and October 15 of each year, with the  rst
interest payment having commenced on October 15, 2011. Unless
previously purchased and canceled, the Company will repay the notes
of each series at 100% of the principal amount, together with accrued
and unpaid interest thereon, at maturity. The notes of each series are
senior, unsecured obligations of the Company.