WALT DISNEY CO/ | 2013 | FY | 3


The Company’s borrowings at September 28, 2013 and September 29, 2012, including the impact of interest rate and cross-currency swaps, are summarized below:
 
 
 
 
 
 
 
2013
 
 
2013
 
2012
 
Stated
Interest
Rate (1)
 
Pay Floating Interest rate and Cross-
Currency Swaps (2)
 
Effective
Interest
Rate (3)
 
Swap
Maturities
Commercial paper borrowings
 
$

 
$
2,050

 

 
$

 

 
 
U.S. medium-term notes
 
13,155

 
10,117

 
3.09
%
 
5,550

 
2.55
%
 
2015-2023  
European medium-term notes
 

 
90

 

 

 

 

Other foreign currency denominated debt
 
509

 
1,225

 
5.27
%
 
318

 
4.68
%
 
2017
Capital Cities/ABC debt
 
111

 
112

 
8.75
%
 

 
6.03
%
 
 
Other (4)
 
238

 
450

 

 

 

 
 
 
 
14,013

 
14,044

 
3.22
%
 
5,868

 
2.66
%
 
 
HKDL borrowings
 
275

 
267

 
3.25
%
 

 
3.39
%
 
 
Total borrowings
 
14,288

 
14,311

 
3.22
%
 
5,868

 
2.68
%
 
 
Less current portion
 
1,512

 
3,614

 
5.18
%
 

 
5.35
%
 
 
Total long-term borrowings
 
$
12,776

 
$
10,697

 
 
 
$
5,868

 
 
 
 
 
(1) 
The stated interest rate represents the weighted-average coupon rate for each category of borrowings. For floating rate borrowings, interest rates are the rates in effect at September 28, 2013; these rates are not necessarily an indication of future interest rates.
(2) 
Amounts represent notional values of interest rate and cross-currency swaps outstanding as of September 28, 2013.
(3) 
The effective interest rate includes the impact of existing and terminated interest rate and cross-currency swaps, purchase accounting adjustments and debt issuance discounts and costs.
(4) 
Includes market value adjustments for debt with qualifying hedges totaling $117 million and $296 million at September 28, 2013 and September 29, 2012, respectively.

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