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Notes Payable And Long-Term Debt (Tables)
6 Months Ended 12 Months Ended
Jul. 31, 2011
Jan. 31, 2011
Notes Payable And Long-Term Debt    
Schedule Of Notes Payable And Long-Term Debt
                                 
     Stated
interest rate
     Effective
interest rate
     July 31,
2011
     January 31,
2011
 
                   ($ in millions)  

SAIC senior unsecured notes:

                                   

$450 million notes issued in fiscal 2011, which mature in December 2020

     4.45%         4.59%       $ 448       $ 448   

$300 million notes issued in fiscal 2011, which mature in December 2040

     5.95%         6.03%         300         300   

Science Applications senior unsecured notes:

                                   

$550 million notes issued in fiscal 2003, which mature in July 2012

     6.25%         6.50%       550       550   

$250 million notes issued in fiscal 2003, which mature in July 2032

     7.13%         7.43%         248         248   

$300 million notes issued in fiscal 2004, which mature in July 2033

     5.50%         5.78%         296         296   

Other notes payable due on various dates through fiscal 2017

     0%-3.1%                 10         10   
                      

 

 

    

 

 

 

Total notes payable and long-term debt

                     1,852       1,852   

Less current portion

                       553         3   
                      

 

 

    

 

 

 

Total notes payable and long-term debt, net of current portion

                     $ 1,299       $ 1,849   
                      

 

 

    

 

 

 

Fair value of notes payable and long-term debt

                     $ 2,010       $ 1,930   
                      

 

 

    

 

 

 
                 January 31  
     Stated
interest rate
    Effective
interest rate
    2011      2010  
                 ($ in millions)  

SAIC senior unsecured notes:

         

$450 million notes issued in fiscal 2011, which mature in December 2020

     4.45     4.59   $ 448       $ —     

$300 million notes issued in fiscal 2011, which mature in December 2040

     5.95     6.03     300         —     

Science Applications senior unsecured notes:

         

$550 million notes issued in fiscal 2003, which mature in July 2012

     6.25     6.50     550         549   

$250 million notes issued in fiscal 2003, which mature in July 2032

     7.13     7.43     248         248   

$300 million notes issued in fiscal 2004, which mature in July 2033

     5.50     5.78     296         296   

Other notes payable due on various dates through fiscal 2017

     0%-3.1     Various        10         13   
      

 

 

    

 

 

 

Total notes payable and long-term debt

         1,852         1,106   

Less current portion

         3         3   
      

 

 

    

 

 

 

Total notes payable and long-term debt, net of current portion

       $ 1,849       $ 1,103   
      

 

 

    

 

 

 

Fair value of notes payable and long-term debt

       $ 1,930       $ 1,165   
      

 

 

    

 

 

 
Schedule Of Maturities Of Notes Payable And Long-Term Debt  

Year Ending January 31

   Total  
     (in millions)  

2012

   $ 3   

2013

     553   

2014

     1   

2015

     1   

2016

     1   

2017 and thereafter

     1,301   
  

 

 

 

Total principal payments

     1,860   

Less unamortized discount

     8   
  

 

 

 
   $ 1,852