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. |