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. |