Costco 2006 Annual Report Download - page 56

The maturities of available-for-sale and held-to-maturity debt securities at September 3, 2006 are as
follows:
Available-For-Sale Held-To-Maturity
Cost Basis Fair Value Cost Basis Fair Value
Due in one year or less ................... $ 554,455 $ 552,003 $62,068 $62,068
Due after one year through five years ....... 705,401 699,990 — —
Due after five years ...................... 8,034 8,120 — —
Total .................................. $1,267,890 $1,260,113 $62,068 $62,068
Note 3—Debt
Bank Credit Facilities and Commercial Paper Programs (all amounts stated in U.S. dollars)
A wholly-owned Canadian subsidiary has a $180,900 commercial paper program ($167,400 at
August 28, 2005) supported by a $54,200 bank credit facility ($50,200 at August 28, 2005) with a
Canadian bank, which is guaranteed by the Company and expires in March 2007. At both
September 3, 2006 and August 28, 2005, there were no amounts outstanding under the Canadian
commercial paper program or the bank credit facility. Applicable interest rates on the credit facility at
September 3, 2006 and August 28, 2005, were 4.65% and 4.25%, respectively. At September 3, 2006,
standby letters of credit totaling $20,800 issued under the bank credit facility left $33,400 available for
commercial paper support. At August 28, 2005, standby letters of credit totaling $23,200 issued under
the bank credit facility left $27,000 available for commercial paper support.
The Company’s wholly-owned Japanese subsidiary has a short-term $12,800 bank line of credit
($13,700 at August 28, 2005) that expires in February 2007. At September 3, 2006 and August 28,
2005, $2,500 and $5,500, respectively, were borrowed under the line of credit, and $4,300 and $3,700,
respectively, were used to support standby letters of credit. A second $12,800 bank line of credit also
expires in February 2007. At September 3, 2006 and August 28, 2005, $900 and $9,100, respectively,
were borrowed under the second facility. Applicable interest rates on the credit facilities at
September 3, 2006 and August 28, 2005, were .95% and .84%, respectively.
The Company’s Korean subsidiary has a short-term $12,500 bank line of credit, which expires in
February 2007. At September 3, 2006 and August 28, 2005, no amounts were borrowed under the line
of credit and $2,000 and $1,700, respectively, were used to support standby letters of credit.
Applicable interest rates on the credit facility at September 3, 2006 and August 28, 2005 were 5.48%
and 4.51%, respectively.
The Company’s Taiwan subsidiary has a $5,200 bank revolving credit facility that expires in January
2007. At September 3, 2006 and August 28, 2005, no amounts were borrowed under the credit facility
and $1,900 and $2,500, respectively, were used to support standby letters of credit. A second $15,200
bank revolving credit facility is in place, which expires in August 2007. At September 3, 2006 and
August 28, 2005, no amounts were borrowed under the second credit facility and $2,000 and $800,
respectively, were used to support standby letters of credit. Applicable interest rates on the credit
facility at September 3, 2006 and August 28, 2005, were 4.00% and 3.75%, respectively.
The Company’s wholly-owned United Kingdom subsidiary has a $113,900 bank revolving credit facility
expiring in February 2007, and a $66,500 bank overdraft facility renewable on a yearly basis in March
2007. At September 3, 2006, $38,000 was outstanding under the revolving credit facility with an
applicable interest rate of 5.32% and no amounts were outstanding under the bank overdraft facility. At
August 28, 2005, $39,800 was outstanding under the revolving credit facility with an applicable interest
rate of 5.30% and no amounts were outstanding under the bank overdraft facility.
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