MCDONALDS CORP | 2013 | FY | 3


The following table summarizes the Company’s debt obligations (interest rates and debt amounts reflected in the table include the effects of interest rate swaps).
 
 
 
Interest rates(1)
December 31
 
 
 
Amounts outstanding
December 31
 
In millions of U.S. Dollars
Maturity dates
 
2013

 
2012

 
 
2013

 
2012

Fixed
 
 
4.6
%
 
4.8
%
 
 
$
6,460.6

 
$
7,075.7

Floating
 
 
3.2

 
1.2

 
 
1,900.0

 
1,650.0

Total U.S. Dollars
2014-2043
 
 
 
 
 
 
8,360.6

 
8,725.7

Fixed
 
 
3.3

 
3.7

 
 
2,884.9

 
1,847.2

Floating
 
 
2.8

 
2.9

 
 
357.2

 
348.0

Total Euro
2014-2025
 
 
 
 
 
 
3,242.1

 
2,195.2

Fixed
 
 
2.9

 
2.9

 
 
118.7

 
144.2

Floating
 
 
0.4

 
0.4

 
 
759.8

 
923.3

Total Japanese Yen
2014-2030
 
 
 
 
 
 
878.5

 
1,067.5

Total British Pounds Sterling-Fixed
2020-2032
 
6.0

 
6.0

 
 
744.3

 
730.1

Fixed
 
 

 
3.0

 
 

 
32.1

Floating
 
 
5.4

 
5.6

 
 
525.1

 
470.8

Total Chinese Renminbi
2014
 
 
 
 
 
 
525.1

 
502.9

Fixed
 
 
1.9

 
1.9

 
 
281.0

 
273.3

Floating
 
 
3.6

 
4.4

 
 
85.4

 
95.5

Total other currencies(2)
2014-2021
 
 
 
 
 
 
366.4

 
368.8

Debt obligations before fair value adjustments(3)
 
 
 
 
 
 
 
14,117.0

 
13,590.2

Fair value adjustments(4)
 
 
 
 
 
 
 
12.8

 
42.3

Total debt obligations(5)
 
 
 
 
 
 
 
$
14,129.8

 
$
13,632.5

(1)
Weighted-average effective rate, computed on a semi-annual basis.
(2)
Primarily consists of Swiss Francs and Korean Won.
(3)
Aggregate maturities for 2013 debt balances, before fair value adjustments, were as follows (in millions): 2014$0.0; 2015$1,199.2; 2016$2,094.6; 2017$1,054.2; 2018$1,003.9; Thereafter–$8,765.1. These amounts include a reclassification of short-term obligations totaling $1.2 billion to long-term obligations as they are supported by a long-term line of credit agreement expiring in November 2016.
(4)
The carrying value of underlying items in fair value hedges, in this case debt obligations, are adjusted for fair value changes to the extent they are attributable to the risk designated as being hedged. The related hedging instrument is also recorded at fair value in prepaid expenses and other current assets, miscellaneous other assets or other long-term liabilities.
(5)
The increase in debt obligations from December 31, 2012 to December 31, 2013 was primarily due to net issuances of $0.5 billion.

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