The following is a summary of the Company's debt as of October 2, 2015 and April 3, 2015:



(Amounts in millions)	October 2, 2015		April 3, 2015
4.45% term notes, due September 2022	$	453	$	451
6.50% term notes, due March 2018	917		917
2.50% term notes, due September 2015	—		350
Loan payable, due January 2016	379		371
Payable - Credit Facility, various⁽¹⁾	150		—
Mandatorily redeemable preferred stock outstanding, due March 2023	61		61
Loan payable of consolidated subsidiary, due March 2018	68		68
Euro-denominated commercial paper	218		—
Capitalized lease liabilities	294		353
Borrowings for assets acquired under long-term financing	57		95
Other borrowings	13		3
Total debt	2,610		2,669
Less: short term debt and current maturities of long term debt	894		904
Total long-term debt	$	1,716	$	1,765


⁽¹⁾	Borrowings under the $2.5 billion credit facility have varying maturities; however they can be rolled over until the maturity date of the master agreement which was January 2020 as of October 2, 2015. Borrowings under the credit facility are classified as short-term debt if the Company intends to repay within twelve months and as long-term debt otherwise.