Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt consisted of the following:

At December 31,	2012			2011
	(in millions)
Senior debt:
Fixed rate:
Secured financings:
5.00% to 5.99%; due 2014 to 2017	$	189		$	270
Other fixed rate senior debt:
1.00% to 1.99%; due 2013 to 2014	16			16
2.00% to 2.99%; due 2013 to 2032	347			892
3.00% to 3.99%; due 2012 to 2016	422			534
4.00% to 4.99%; due 2012 to 2018	3,675			3,774
5.00% to 5.49%; due 2012 to 2021	6,156			8,042
5.50% to 5.99%; due 2012 to 2018	2,638			3,643
6.00% to 6.49%; due 2012 to 2017	1,818			3,334
6.50% to 6.99%; due 2012 to 2013	2			8
7.00% to 7.49%; due 2012 to 2032	42			1,724
7.50% to 7.99%; due 2012 to 2032	284			1,071
Variable interest rate:
Secured financings – .36% to 2.78%; due 2012 to 2019	2,689			3,045
Other variable interest rate senior debt – .59% to 5.94%; due 2012 to 2016	6,932			10,229
Subordinated debt	2,208			2,208
Junior subordinated notes issued to capital trusts	1,031			1,031
Unamortized discount	(54		)	(67		)
HSBC acquisition purchase accounting fair value adjustments	31			36
Total long-term debt	$	28,426		$	39,790

Schedule of Debt

The following table summarizes our junior subordinated notes issued to capital trusts (“Junior Subordinated Notes”) and the related company obligated mandatorily redeemable preferred securities (“Preferred Securities”):

	HSBC Finance Capital Trust IX (“HFCT IX”)
	(dollars are in millions)
Junior Subordinated Notes:
Principal balance	$1,031
Interest rate:
Through November 30, 2015	5.91%
December 1, 2015 through maturity	3-month LIBOR plus 1.926%
Redeemable by issuer	November 2015
Stated maturity	November 2035
Preferred Securities:
Rate:
Through November 30, 2015	5.91%
December 1, 2015 through maturity	3-month LIBOR plus 1.926%
Face value	$1,000
Issue date	November 2005

Schedule of Maturities of Long-term Debt

Maturities of long-term debt at December 31, 2012, including secured financings, conduit facility renewals and capital lease obligations were as follows:

	(in millions)
2013(1)	$	7,868
2014	3,846
2015	5,810
2016	5,178
2017	1,659
Thereafter	4,065
Total	$	28,426

⁽¹⁾  Weighted average interest rate on long-term debt maturing in 2013 is 4.82 percent.