notes to the
financial statements |
| Our Debt Consists of the Following: |
| (dollars in millions) |
| Interest |
September 30, |
| Rate % |
Terms* |
2003 |
2002 |
|
| Notes payable to the Federal Financing Bank (FFB): |
| 1.167 |
Payable February 5, 2004 |
$2,000 |
$ – |
| 1.195 |
Payable February 17, 2004 |
250 |
$ – |
| 1.084 |
Floating rate; payable August 15, 2004 |
1,750 |
$ – |
| 1.026** |
Short-term, floating rate, revolving credit facility; final maturity date May 6, 2005 and May 9, 2004 |
3,273 |
2,450 |
| 1.729 |
Overnight revolving credit facility; final maturity date May 10, 2003 |
– |
$ 214 |
| 5.568 |
Payable December 31, 2002 |
– |
200 |
| 4.543 |
Payable February 28, 2003 |
– |
200 |
| 3.858 |
Payable July 31, 2003 |
– |
750 |
| 3.636 |
Payable February 15, 2005 |
– |
300 |
| 4.780 |
Payable November 15, 2005 |
– |
200 |
| 5.412 |
Payable November 15, 2005 |
– |
500 |
| 4.437 |
Payable May 15, 2006 |
– |
250 |
| 4.325 |
Payable November 15, 2006 |
– |
200 |
| 3.449 |
Payable May 15, 2007 |
– |
250 |
| 3.714 |
Payable May 15, 2007 |
– |
250 |
| 5.688 |
Payable August 15, 2007 |
– |
400 |
| 5.546 |
Payable August 15, 2007 |
– |
150 |
| 5.426 |
Payable May 15, 2008 |
– |
200 |
| 4.981 |
Payable May 15, 2008 |
– |
200 |
| 4.910 |
Payable May 15, 2008 |
– |
200 |
| 4.806 |
Payable November 17, 2008 |
– |
300 |
| 5.355 |
Payable August 16, 2010 |
– |
500 |
| 4.999 |
Payable February 15, 2011 |
– |
200 |
| 4.925 |
Payable August 15, 2011 |
– |
200 |
| 4.414 |
Payable February 15, 2012 |
– |
250 |
| 4.594 |
Payable August 15, 2012 |
– |
250 |
| 5.012 |
Payable February 15, 2012 |
– |
200 |
| 3.903 |
Payable August 15, 2011 |
– |
250 |
| 5.959 |
Payable November 15, 2027 |
– |
400 |
| 5.726 |
Payable November 15, 2027 |
– |
100 |
| 5.606 |
Payable November 15, 2027 |
– |
300 |
| 4.836 |
Payable November 15, 2027 |
– |
100 |
| 6.299 |
Payable May 15, 2030 |
– |
250 |
| 5.591 |
Payable May 15, 2030 |
– |
250 |
| 5.417 |
Payable February 18, 2031 |
– |
200 |
| 4.976 |
Payable February 18, 2031 |
– |
250 |
| 5.552 |
Payable February 18, 2031 |
– |
200 |
| |
7,273 |
11,114 |
| Mortgage Notes Payable: |
| 5.00 to |
Maturing from years 2004 through 2039 secured by land, buildings and equipment |
| 9.25 |
with carrying amount of $6.7 million. |
1 |
1 |
| |
7,274 |
11,115 |
| Less current portion of debt |
7,273 |
3,815 |
$ 1
 |
$7,300
 |
| * All debt is repurchasable at any time at a price determined by the current FFB rates. |
| ** Weighted average interest rate; prior year's interest rate was 1.790%. |
|
