XML 99 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTES PAYABLE (Tables)
12 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
A summary of notes payable as of December 31 follows:
 
(In millions)
2013
 
2012
3.45% senior notes due August 2015
 
$
300

 
 
 
$
300

 
2.65% senior notes due February 2017
 
655

(1) 
 
 
657

(1) 
8.50% senior notes due May 2019
 
850


 
 
850


4.00% senior notes due February 2022
 
349

(2) 
 
 
349

(2) 
3.625% senior notes due June 2023
 
700

 
 
 
0

 
6.90% senior notes due December 2039
 
396

(2) 
 
 
396

(2) 
6.45% senior notes due August 2040
 
448

(2) 
 
 
448

(2) 
5.50% subordinated debentures due September 2052
 
500

 
 
 
500

 
Yen-denominated Uridashi notes:
 
 
 
 
 
 
 
2.26% notes due September 2016 (principal amount 8 billion yen)
 
76

 
 
 
92

 
Yen-denominated Samurai notes:
 
 
 
 
 
 
 
1.47% notes due July 2014 (principal amount 28.7 billion yen)
 
272

 
 
 
331

 
1.84% notes due July 2016 (principal amount 15.8 billion yen)
 
150

 
 
 
182

 
Variable interest rate notes due July 2014 (1.30% in 2013 and
1.34% in 2012, principal amount 5.5 billion yen)
 
52

 
 
 
64

 
Yen-denominated loans:
 
 
 
 
 
 
 
3.60% loan due July 2015 (principal amount 10 billion yen)
 
95

 
 
 
116

 
3.00% loan due August 2015 (principal amount 5 billion yen)
 
48

 
 
 
58

 
Capitalized lease obligations payable through 2022
 
6

 
 
 
9

 
Total notes payable
 
$
4,897

 
 
 
$
4,352

 

Schedule of Maturities of Long Term Debt
The aggregate contractual maturities of notes payable during each of the years after December 31, 2013, are as follows:
(In millions)
Long-term
Debt
 
Capitalized
Lease
Obligations
 
Total
Notes
Payable
2014
 
$
324

 
 
 
$
2

 
 
 
$
326

 
2015
 
443

 
 
 
2

 
 
 
445

 
2016
 
226

 
 
 
1

 
 
 
227

 
2017
 
650

 
 
 
1

 
 
 
651

 
2018
 
0

 
 
 
0

 
 
 
0

 
Thereafter
 
3,250

 
 
 
0

 
 
 
3,250

 
Total
 
$
4,893

 
 
 
$
6

 
 
 
$
4,899